CNN Poll: 3 of 4 Americans Say Stimulus Money Wasted

http://cboblog.cbo.gov/?p=967

In other words, we have no clue how many jobs the stimulus created or destroyed, but based on the models used to justify the stimulus, the amount of stimulus money spent so far predicts that we should have created 2 million jobs +/- 40%.

 

surely you cant be serious.. This poll was conducted by CNN also known as the Communist News Network among conservatives, which usually favors Democrats/Democrats opposite of Fox who I agree favors Republican views.
But why does everything have to be conservative vs liberal? repub vs democrat?

Why cant you just take it for fact that most Americans are not happy with the stimulus bill and how the money was spent.

I dont think it was a knock on the Obama administration.

 

This statement is almost the entire reason that I don't take the conservatives you are talking about seriously.

 

And this type of paranoid idiocy is why the "conservative party" is a joke as of late. Seriously, if you can't come up with rational arguments to defend your positions just shut up. (not directed at you personally)

 

If the general public could accurately state what the stimulus funds were "spent" on. Or at least name the top components then maybe I could seriously take their views as anything other than a waste of breath.

 

People are such fools. What Obama / Bush did by listening to Tim Geithner was to save the country from an even worse economic train wreck. THe guy basically saved us from a great depression. People can criticize TARP and the Stimulus - but these things were neither Bush's nor Obama's ideas. The fact that our economy is in recovery already - only a few years after what amounts to one of the greatest financial collapses in world history is simply remarkable.

They came from Geithner who might go down in history as the guy who saved the earth from economic disaster.

People complain about TARP and the stimulus - let the private sector take care of itself.

And then when something like Deep Horizon happens, people wonder where the Federal gov't is?????

Do you want private industry to go away when it is the only option to solve the crisis, and you want it to fend for itself when it's failure leads to global economic disaster?

This is beyond politics - if you think the stimulus was a bad idea, i suggest you might want to go back to school and take a course on the Great Depression and how it came to happen.

 

Well I think when I mentioned CNN as the Communist News Network it's more of a joke in a way. Just like how a lot of liberals on this board call Fox news Faux news. My personal take is you watch what you want and you come to your own conclusions. So I watch a bit of fox and a bit of MSNBC and sometimes CNN. I just don't like their format personally. Very lame dull and boring but then again it is the news.

 

well it's just more of a joke and if that is the case you can't take half of this board seriously with people calling Fox, Faux news.

 

What's funny is that you think Fox is a "news" organization

 

Tiffany's 1Q profit more than doubles- AP
Tiffany & Co. reported Thursdsay that its net income more than doubled in the first quarter as the jewelry chain enjoyed stronger-than-expected revenue in the U.S. and soaring sales in Asia.

Costco 3Q profit rises 46 percent as sales climb- AP
Heinz pours on 9.7 pct rise in 4Q net income- AP

Either way, the jobs are coming back and people are buying things again.

 

GREAT points. Very true about people not wanting government interaction UNTIL it affects them personally.

 

shhhhh!

Tea baggers won't have anything to complain about.

 

Faux: fake: not genuine or real; being an imitation of the genuine article

Fox is not genuine "news." They are an agenda driven noise machine that exists only to push a conservative viewpoint, a narrative that is pushed 24 hours a day and one that bears no resemblance to genuine journalism.

Don't take this to mean that I am defending any of the other 24 hour "news" organizations, I don't watch any of them. I think 24 hour news stations have perverted journalism, which is the reason I created the Facebook group "Stop watching MSNBC, CNN, and Fox." However, "Faux News" is a far more accurate label for that station than the word "socialism" is in reference to any policy currently in place in America.

 

Just like your entire LIFE is a sham?

 

Wasn't TARP Paulson and Bernanke's idea?

 

Not to dismiss the thoughts of the 3/4 of the American public outright, but 3/4 of the American public isn't smart enough to render a meaningful thought on financial issues this big. I know I am smarter than most people in my circle of friends when it comes to financial issues and especially political issues, but I would still call myself a financial novice at best. While I and people smarter and less informed than I will form opinions that will lead to votes, I hope that policy doesn't reflect this voting mood if the real brains think differently.

Main issue with the teaparty movement is that they form their opinions on what the government should do based on what they would do. They aren't sophisticated enough in the matters being discussed to actually be able to consider all factors, outcomes, potential outcomes, global ramifications, costs, etc.

 

i am getting old.

Yes, Paulson was under Bush and Geithner was under Obama. Paulson was the one who advised Bush to do TARP and is the guy who supported a massive stimulus package. Thank goodness Bush and Geithner listened to him.

 

You dont know a damn thing about polling. I work in the industry and can tell you this kind of nonsense is just ridiculous. No one needs this kind of inflated rhetoric, joke or not.

News stations dont poll themselves, they contract them out to firms that do it for them. For example, Fox News actually contracts their polls out to Opinion Research, a democratic affiliated polling group, whose owner happens to be friends with Rupert Murdoch.

Also news stations collaborate together to a) get their names on more polls and b) to split the costs and allow themselves to contract out more polls.

There's no correlation between news stations and polling bias outside of the questions they order. The actual polls themselves dont vary much in quality among news stations.

 

Thank god we didnt listen to Paulson's original idea though. Paulson's first plan was a piece of legislation 2 pages long, that literally had no strings attached to the TARP bailout. There werent any provisions regarding how banks should pay us back, any rules on interest, rules on oversight, etc..

The Bill literally was, the US gives banks money and hopefully they pay us back some day.

I give Paulson little credit and Congress (both democrats and republicans who voted that thing down) a lot of credit.

 

You nailed it.

All you hear is people whining about the bailouts. If the government would have kicked back and done nothing and allowed BAC, AIG, Citi, GM, and all of the rest to crumble the UE would be greater than the Great Depression and the DOW would be around 1,000. I honestly don't know if the world economy could have survived it. We're talking about anarchy, riots, and starvation.

Sad thing is if that scenario would have gone down people would be screaming for Obama's head on a platter. Quite honestly I believe there would severe violence. I mean politicians are getting death threats right now over 10% UE and healthcare reform. Can you imagine if UE was 30%?

I will agree with the other poster who mentioned they are the most well knowledgeable person in their circle but still a novice.