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Showing posts with label stimulus. Show all posts
Showing posts with label stimulus. Show all posts

New Poll Finds A Majority Of Americans Do Not Believe Obama Will Be Reelected


Barack Obama

A new poll conducted by the Mayside Research Institute (MRI) has found a majority of Americans do not believe U.S. President Barack Obama will be reelected in 2012. As anyone in Washington should be able to deduce, the horrible state of the U.S. economy is currently the biggest factor. Obama has spent enormous sums of money, more than any other President in U.S. history and to no results. Correction, to negative results.

If Obama had heeded even the most basic advice, such as what was provided by the Judiciary Report in 2008 and the first quarter of 2009, regarding utilizing prudence and thrift, among other things, the economy would have been back on track by the first quarter of year two of his presidency (2010). Instead he spent a fortune - ironically $666 billion on the stimulus (that number is quite fitting and ironic considering the end result, because the devil is in the details).

You can't spend money like that. It was too much. It's just bad business sense and now America is further behind, than in 2008 when Obama assumed office. As the first black president, I wanted so much more for his presidency, but Obama has disappointed me and many others, by letting Washington change him into a poster boy for special interests, lobbyists and rich campaign donors, whose agenda is not for the greater good of society, but their own pockets. When you lose your roots, you risk losing everything.

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STORY SOURCE

MRI Poll: Majority Believe Obama Will Fail In Re-Election Bid

Published on July 04, 2011 - Most say "It's time for another person to take over the Top Job." A new Mayside Research (MRI) Poll finds that 62% of U.S. registered voters think it's time for another person to be America's President (*). Only 38% of likely voters feel that Barack Obama should be re-elected. According to MRI, females are much less likely than males to support Obama's re-election (24% vs 76%). MRI's results indicate that almost three-quarters of African Americans would support replacing Obama (74%) with someone else for the Top Job...

Only 48% of those panellists who declared that they are members of or registered with the Democratic Party, and or planned to vote for a democratic candidate, indicated that they supported Obama's re-election. 52% of those Democrats polled want a change. Unsurprisingly, nearly 100% of the Republican panellists are seeking and would support someone else...

http://pr.officialwire.com

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt


Barack Obama

Everyone from Alan Greenspan to Barack Obama's economic committee, have pronounced the President's stimulus a catastrophic failure that wasted huge amounts of taxpayer money in the billions. Mainstream newspapers and blogs have gone into overdrive, taking the president to task for the enormous waste that has set America even further behind.

A year and a half ago, on November 13, 2009, the Judiciary Report predicted this would happen (Obama Calls For Job Summit). It is now being stated this week, it would have been cheaper for Obama to, "Cut a $100,000 check to everyone whose employment was allegedly made possible by the 'stimulus.'”

STORY SOURCE

Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

12:07 PM, Jul 3, 2011 - The stimulus is now causing the economy to shed jobs. When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.

The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead...

http://www.weeklystandard.com

Down on the Fourth of July: the United States of gloom

July 3rd, 2011 - NEWS REVIEW: America’s deepening recession and widespread pessimism about the country’s prospects add a bitter note to Independence Day, reports Toby Harnden, US Editor. Across America today, people will gather for barbecues in their backyards, parades through their towns and firework displays lighting up the night sky. They’ll be celebrating Independence Day – the birthday of the United States and the 235th anniversary of shaking off the oppressive yoke of British rule...

That’s the good news. On the flip side, however, a country whose hallmark has always been a sense of irrepressible optimism is in the grip of unprecedented uncertainty and self-doubt. With the United States mired in three foreign wars, beaten down by an economy that shows few signs of emerging from deep recession and deeply disillusioned with President Barack Obama, his Republican challengers and Congress, the mood is dark.

The last comparable Fourth of July was probably in 1980, when there was a recession, skyrocketing petrol prices and an Iranian hostage crisis, with 53 Americans being held in Tehran. Frank Luntz, perhaps America’s pre-eminent pollster, argues that his countrymen are much more downbeat now than in 1980. “The assumption with the Carter years was that it was a failure of the elites, not the system. We thought the people in charge screwed up. We didn’t blame ourselves.” Remarkably, many Americans think things will only get worse and the good times will never return.

A recent New York Times/CBS poll found that 39 per cent think that “the current economic downturn is part of a long-term permanent decline and the economy will never fully recover”. That was up from 28 per cent last October. Last month, a CNN poll found that 48 per cent of Americans believe another Great Depression is somewhat or very likely.

Luntz has found that 44 per cent of Americans believe their country’s best days are in the past, 57 per cent that their children will not achieve the same quality of life, and 53 per cent that they are less free than five years ago. So what is going on? ...

http://blogs.telegraph.co.uk