White House Spins: Stimulus? You Misunderstood.

[Freedom4all]

It Was Never Stimulus of Growth, It Was Merely "Stabilization" of the Downturn.

Really? What could have possibly given me the impression it was supposed to be a stimulus?

Oh, right: Because you called it the Stimulus, capital S in original, sixty-three billion times.

Turns out the $787 billion "American Recovery and Reinvestment Act" (AARA) was not designed for full economic recovery, but rather to "stabilize" the downturn. That's the word from White House officials today, who held off-camera briefings with reporters on how the AARA is working so far.

"This legislation was designed to cushion the downturn," said White House Press Secretary Robert Gibbs. "That's why we have always talked about this as one function of economic recovery."

When pressed about the change in terminology, Gibbs said he was not trying to temper expectations after the fact. "I can probably find 15 or 20 occasions when I said this in the lead up," Gibbs said, explaining that he had always defined the AARA as part of a "multi-legged stool."

When faced with failure and embarrassment, just change the purpose. Problem solved.

 

[delldude]

Like Duh........

Measured relative to GDP, almost all of the projected growth in federal spending other than interest payments on the debt stems from the three largest entitlement programs—Medicare, Medicaid, and Social Security. For decades, spending on Medicare and Medicaid has been growing faster than the economy. CBO projects that if current laws do not change, federal spending on Medicare and Medicaid combined will grow from roughly 5 percent of GDP today to almost 10 percent by 2035. By 2080, the government would be spending almost as much, as a share of the economy, on just its two major health care programs as it has spent on all of its programs and services in recent years.

So we haven't been able to fix these....but hey....we know what we've doing so let us have at your health..... 😱

Trust me......... :mf_boff:

 

[nuclearfission]

Like Duh........



So we haven't been able to fix these....but hey....we know what we've doing so let us have at your health..... 😱

Trust me......... :mf_boff:

Hold on there you two fiesty ones!! Let's just give this "stimulus" some time......You know......all that money exchanging hands from the Federal coffers of big (left-wing) Government. Takes time for the amounts we have seen to get into the system.....spread that wealth around. We'll see a turn-a-round you just wait and see.........and wait....and wait....

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[Freedom4all]