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From Time.com:

The $787 billion stimulus plan is turning out to be far less stimulating than its architects expected.

Back in early January, when Barack Obama was still President-elect, two of his chief economic advisers — leading proponents of a stimulus bill — predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn’t quite worked out that way…

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Tags: Financial Crisis, Obama Administration, President Obama, Recession, stimulus package
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  • http://www.blackplanet.com/Zeru25/ Zeru25

    The stimulus package wasnt designed the help the people. It was designed to reenforce the structure of the united states which they thought in turn would help the people. In all actuality. It was very simular in policy to Regan-nomics and the whole trickle down economics. Obama made alot of adjustments to his package in the name of trying to be bipartisan and he has failed miserably. At one point the people were supposed to get checks from the government and they never came because of his failed attempt to bring in repubicans whose only interest in the bill was for it to fail with his efforts. So he pretty much did himself dirty. But more importantly the economy and the people dirty. The new world order is not far.

  • http://www.blackplanet.com/_A_/ _A_

    I agree with Zeru25 but my problem is, the package was DESCRIBED as something that would help the people! its funny how Obama ran against the trickle down economic theory, and then found himself having to implement it himself..Then people wonder why I don’t vote. The line between Reps and Dems is very blurry when it comes to employing failed policies to deal with the economy…The real reason why that line is so blurry is due to the fact that the Federal Reserve is the real controlling agency of the economy and to think, its not even a Govt, agency, just some private bankers that has the entire world’s economy clogged up right now…

  • http://www.blackplanet.com/DA_GEORGETOWN_MAYOR/ DA_GEORGETOWN_MAYOR

    HE SHOULD HAVE GIVEN THE MONEY TO THE PEOPLE TO KEEP THEM SPENDING! I KNOW WHY YOU DID THAT SHYT! YOU ARE TAKING BUYING POWER FROM THE CITIZENS THAT VOTED YOU IN!

  • http://www.blackplanet.com/shyscorpio1/ shyscorpio1

    yep, its the same ole “TRICKLE DOWN THEORY” just like i been complaining about the second he decided to start with saving the banks first, proving that same crowd around him are the true powers that be! NOBEL PRIZE WINNERS of ECONOMICS and experts from overseas warned that the Obama plan would not work!! the experts agreed that if the govt gave in this country 14,000$ per household, the economy bwould have been back 2 months ago! b as it was proven, the rich dont do anything with extra money except invest it with their crook buddies and keep the money amongst themselves, whereas the middle and lower classes would have gone on a spending spree and the money would have gone through many hands before it trickled its way back to the top 5% earners!
    WE HAVE BEEN SOLD A BILL OF GOODS AND SOLD OUT AS WELL!!!
    THAT MONEY IS GONE INTO THE BLACK HOLE ALL THE OTHER MONEY HAS GONE BEFORE IT!
    BAMBOOZLED AGAIN!!!

  • http://www.blackplanet.com/PreciousLa-rhonda/ PreciousLa-rhonda

    wow i am amazed

    people actually discussing the issues thoughtfully and not just blaming repubs/whitey/etc etc.

    Zeru25 and _A_ are spot on

  • http://www.blackplanet.com/blacktino007/ blacktino007

    I am going to agree in principal with all the previous posts. With the exception of the Republican’s being at fault for neutering the stimulus bill. This was an over-hyped and doomed to fail endeavor by prez Obama and his financial/economic team from jump. I was literally SHOCKED that they chose to term the bill as a “stimulus package”. Prez Bush’s team a few years back actually had the perfect blueprint for an economic stimuli, which is to go with the Keynesian model and send money to the PEOPLE. Yet , our Prez and his team decided to go another way, which is supply side economics… It was doomed to be a failure, and i hope that finally people will stop buying into the hype and hold our first black prez accountable and to a high standard.

  • http://www.blackplanet.com/lsmith1981/ lsmith1981

    Hell yeah..WHy Give X-Amount of money too institutions like these lame ass banks; so the banks can give out more loans. And we get into more Debt..BULLISH in my Book…!!

  • http://www.blackplanet.com/Zeru25/ Zeru25

    Yeah i’m not trying to come off like its the republicans’ fault. They didnt put a gun to his head and make him do it. The republicans were already under the perfect pressure from the previous administration to do what they were told by the current one. So this is way bigger than rep/dem blk/wht.. This is strictly about intentions. If he wanted to give the people their just due he would have. All of them dudes and dudettes are friends. Rep/dem alike. They all pretty much have the same agenda at this point. Right now its like we are watching a staged play. That stimulus package pretty much just bought the people time before the banks were going to do what they intend to do anyway. And thats bankrupt the country so the united states soverignty would be forced to compromise itself and split into a north american union and buy into a unified currency. As for President Obama I guess its more acceptable to be raped by a man of your own color than the usual suspects. But I do still have hope that maybe my pessismism is just educated speculation.

  • http://www.blackplanet.com/Zeru25/ Zeru25

    The structure of the stimulus bill was the create a 21st century united states that was supposed to usher in new energy.. new building materials.. new technologies for preserving the earth and all of these things the united states is not prepared or set up to do. Its not a bill that is designed for immediate help. Its a “Hope” bill. We hope that private companies come up with the technology to make all of these ideals a reality. Its almost like taking a s**t load of money.. Pointing to the jetsons television show and tell people. “This is what we are aspiring to do.” We just dont have the resources to start but when we do we are on it!” When we get the actual technology to do it. Re-building highways and all of that stuff. Its not going to change the way the united states functions. Really thats the private sectors thing. Just like most of us has said. If they wanted to save this country we should have given the money to the people. Let them spend our economy back into function. The people’s spending always inspires improvement on the current. When kids bought nintendo it inspired genesis.. When the people got genesis they built Super Nintendo. You cant start anything unless the people build the passion for its demand. And thats why his bill is so opaque. Nobody understood its true purpose but him. But we understood the rebate check. And we understood during his campaign that he would be giving away even bigger ones than the ones George Bush did. Right now I view Obama as prop doll. The real powers’ that be’s first lady. The one that have smiling and doing publicity stunts. And talking with smooth words. I”m a black man but yo.. it is what it is.. I’m not hatin its just what it is..

  • http://www.blackplanet.com/Zeru25/ Zeru25

    I wonder to myself.. What would have happened had 787 billion dollars just went straight to the hood and the middle class and people of need in general. You’d see improved standards of living. People would take care of themselves. Why would you need to rob the next man if you have your own. Why would you be jealous of the next man’s brand new car if you just came from the dealership yourself? Would you really be jealous of your neighbor’s house if you had the money to do the same improvements to yours? Its not even socialism. Because people’s assets would pretty much stay the same. We wouldnt have enough to start a Walmart they would still hold their place in the economy. And most of us wouldnt even think to open a business. Most of us would look to patch up our finanical wounds and that would probably do away with any amount given. And the corporations would be bailed out with the influx of needless spending. Especially from our culture. People dont understand the economy from a practical point of view. They only understand it from the monarchian selfish point of view. Its funny how they always say the ecomony is improving and the people are the ones that can never tell. We gotta watch tv to find out. Oh the dow jones went up27 points. Ok so i guess that means i’m doing good huh? lol Makes me wanna holla man..

  • http://www.blackplanet.com/jazzpast/ jazzpast

    It was doomed from the get go, just figure out who are in the Committee for the economic recovery and the secretary of treasury.Whats happening is to make conservative policies look progressive, which was a success. Eventually, the stimulus packages from Bush’s to Obama’s are going to taxed to the people, which are added to our country’s deficit. In result, the public are in deep debt. Are this debt owed to the government? NO! the debt are owed by us to the Federal Reserve, which is a private entity, and it is illegal under our constitution. Go research who created and benefits from the federal reserve. . . the final result is total control(NWO).

  • http://www.blackplanet.com/Sub-Negro/ Sub-Negro

    Zeru25 is on point. It’s just like that cash for clunkers thing. I cannot afford a new car. The cheapest one is like 9 grand that woulda bought that down to like 5.5 thousand. Now along with insurance and maintinience that would’ve driven the price up. Really YTF didn’t Obama jsut give poor and middle class people a chance to trade in there old clunker for a new hybrid and just pay Chevy that way and took and scrapped the other cars. The only thing I knew how this stimulus worked directly to the people was that it would average out us getting back 13 dollars more per pay check. 52 dollars in a month. On average. Wow that is alot of money.

  • http://www.blackplanet.com/JuiceBerries/ JuiceBerries
  • http://www.blackplanet.com/ImTheTruth45/ ImTheTruth45

    Honestly, you can give the poor of America $787 Billion Dollars but after they finish spending it on useless things that HALF of them would spend it on, then what!?!

  • http://newsone.com/nation/economy-shrank-1-percent-in-spring-better-than-expected/ Economy Shrank 1 Percent In Spring, Better Than Expected | NewsOne

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