The problem with the following video, regarding the question ABC News posed, "Has the stimulus plan really made a difference?", is that it really does not answer the question.
And, perhaps more importantly, the examples provided as examples of the use of the $862 Billion fund were really insignificant in the overall scheme of things.
While the Administration states that the bill has saved or created 1.2 to 2.8 million jobs, it appears to many of those residing in Main Street USA, 70% according to the ABC News report, that the bill has not made an "economic benefit."
Consider that America still has a 9.5% unemployment rate.
More in-depth analysis of where funds have been spent and the actual benefits to ALL taxpayers (as it is taxpayer money supporting this effort) is what is needed and wanted, not some piece of "news" trying to sell voters that the stimulus package has been successful.
Over For Now.
Main Street One
Showing posts with label economic stimulus. Show all posts
Showing posts with label economic stimulus. Show all posts
Sunday, July 11, 2010
Sunday, July 12, 2009
Incorrect/Incomplete Economic Data ? ? ?
Please, someone, tell me how our elected officials could have proposed and passed the $787 Billion Troubled Asset Relief Program (“Economic Stimulus” package) with incorrect or incomplete economic data?
Seems a bit unreal that the White House Administration admits that the most massive spending bill in history was designed (and implemented) with incorrect or incomplete data and not much has been said or written about that specifically.
Perhaps it really isn't the data but faulty projections derived from the data.
Maybe both.
Regardless, all elected officials have a fiduciary responsibility (both legally and ethically) to Main Street USA. And, Appointees bear the same.
That responsibility cannot be executed with incomplete or inaccurate data. Nor with inaccurate projections.
Regardless of where anyone wants to point the blame for our current economic plight (and I, for one, believe that both parties and many people and companies were involved), the actions taken in an attempt to halt the decline and reverse the direction need to be the absolute best that can be done.
And I do not want to hear a quip that this plan was implemented “with the best available information.”
We have at our fingertips whatever information we seek. And at the Presidential level, I would say it is bigger, faster, better, etc.
To be perfectly honest, I am not ready just yet to label President Obama’s huge spending bill a flop, as the Republican Party seems to be doing right now, according to reports, including Associated Press.
That said, the President’s overseas correction of Vice President Biden’s gaffe and the Administration's admission is making me start to wonder what will really be accomplished when the plan is in full force.
Then I would also like to inquire why we are operating with incorrect/inaccurate economic information and, since that admission was just made known, how long have the President and the Administration been aware of this issue?
Inquiring minds want to know.
Over For Now,
Main Street One
Seems a bit unreal that the White House Administration admits that the most massive spending bill in history was designed (and implemented) with incorrect or incomplete data and not much has been said or written about that specifically.
Perhaps it really isn't the data but faulty projections derived from the data.
Maybe both.
Regardless, all elected officials have a fiduciary responsibility (both legally and ethically) to Main Street USA. And, Appointees bear the same.
That responsibility cannot be executed with incomplete or inaccurate data. Nor with inaccurate projections.
Regardless of where anyone wants to point the blame for our current economic plight (and I, for one, believe that both parties and many people and companies were involved), the actions taken in an attempt to halt the decline and reverse the direction need to be the absolute best that can be done.
And I do not want to hear a quip that this plan was implemented “with the best available information.”
We have at our fingertips whatever information we seek. And at the Presidential level, I would say it is bigger, faster, better, etc.
To be perfectly honest, I am not ready just yet to label President Obama’s huge spending bill a flop, as the Republican Party seems to be doing right now, according to reports, including Associated Press.
That said, the President’s overseas correction of Vice President Biden’s gaffe and the Administration's admission is making me start to wonder what will really be accomplished when the plan is in full force.
Then I would also like to inquire why we are operating with incorrect/inaccurate economic information and, since that admission was just made known, how long have the President and the Administration been aware of this issue?
Inquiring minds want to know.
Over For Now,
Main Street One
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