Wednesday, September 2, 2009

Surprise! The Stimulus Is Working!

Well what do you know?

"Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

For the third quarter, economists at Goldman Sachs & Co. predict the U.S. economy will grow by 3.3%. "Without that extra stimulus, we would be somewhere around zero...."

Any moment now, we will be bowled over by the avalanche of Republican praise for President Obama, now that it is clear that the stimulus, which hasn't even kicked into high gear yet, is working so well.

What? No?

I'm so surprised.

Update: This, today, from National Review Online:

"Conservatives have correctly declared President Obama’s $787 billion “stimulus” a flop."


quietmagpie said...

Same thing here. And we've thus far avoided recession altogether - as it is commonly defined as two consecutive quarters of negative growth.

Treasury, which is independent, credits government stimulus - which was opposed with due ideological diligence and obstinate contrariness by the conservatives, and who now rightly look like twits.

Green Eagle said...

Well, of course, if things get worse, it's Obama's fault; if things get better, he lied about them being so bad, and therefore doesn't deserve to be President.

Heads I win, tails you lose.

Derek said...

Funny because the economist at Goldman Sachs said we'd be out of the recession by mid-2009 last September, before any government aid.

Was it worth the $1.2 trillion? Hell no. The economy is worse off than Obama said it would be if didn't pass the stimulus. The stimulus was all artificial and we are going to have to pay for it bigtime in the long run.

Remember, the people who designed the stimulus bill were the same people who admitted last Friday that they were $2 trillion off on their deficit estimate. I don't trust their math.

Green Eagle said...

Oh, Derek, do anything to distract us from the actual fact: the stimulus is working. The quote in my post is from the Wall Street Journal, not noted for providing cover for Obama.

As usual, Democrats do things that make things better; Republicans do things that make things better for really rich people.

Derek said...

"do anything to distract us from the actual fact: the stimulus is working."

Yet you don't address how we were supposed to be out of the recession by now anyway. Also you neglect how Obama failed hard when telling us that unemployment would go above 8% with the stimulus. We are at 9.7% and counting.