What Obama is REALLY costing us

[zeus3925]

Come back in Jan and tell us what the growth was for the last quarter Jeff. Lets see; 787 billion = 30,000 jobs, 3 billion for C/C = $24,500 govt payment per car, and 1 trillion to cover the mysterious 40 million uninsured? The American taxpayers are in need of a "REACH AROUND"!

Nuts and Bolts Regards

c/c =$ 24,000 per car? I saw the math on that assertion. It was a lot of bull roar!

[txbadger]

While the pundits are jumping up & down over a backward looking GDP they ignored the 500+k newly unemployed which is forward looking number. The jobless rate now for young blacks is now around 40%, which isn't a good thing for the nation.

[K G]

While the pundits are jumping up & down over a backward looking GDP they ignored the 500+k newly unemployed which is forward looking number. The jobless rate now for young blacks is now around 40%, which isn't a good thing for the nation.

And even a worse thing for BHO....

They're still looking for the CHANGE they can believe in....

kg

[Raymond Little]

c/c =$ 24,000 per car? I saw the math on that assertion. It was a lot of bull roar!

Don't believe me Dude, here it is....
http://www.businessinsider.com/chart...output-2009-10

[Buzz]

Don't believe me Dude, here it is....
http://www.businessinsider.com/chart...output-2009-10

I guess we have to believe it then...

[Raymond Little]

I guess we have to believe it then...

http://www.npr.org/blogs/thetwo-way/...lunkers_a.html

[K G]

Here's yet another point of view:

http://www.bloomberg.com/apps/news?p...d=aUuHhaDx8Hr8

kg

[zeus3925]

Don't believe me Dude, here it is....
http://www.businessinsider.com/chart...output-2009-10

Read your link. It has nothing to do with $24, 000 per clunker bur it does indicate a huge bump in GDP for thr third quarter which was expected.

[YardleyLabs]

What the business insider story and the GDP figures show is that the CFC program was wildly successful in boosting car sales in Q3 far above what otherwise would have happened. In the process, the program depleted inventories of 2009 cars which were depressing the move to newer model cars. It is fully expected that sales will drop following the end of the program. The unknown is whether or not the acceleration of sales into Q3 will have beneficial effects in stimulating growth going forward. In the short term it appears to have done so given job recalls that have already happened. If the economy continues to grow at a 3.5-4% rate over the next year, I believe it will demonstrate a success of the stimulus program far beyond anything reasonably expected. If the economy fails to grow, it will indicate that the program basically failed.

[Pals]

And todays market??? Oh wait must be all that confindence in the administration and spendulous..............................

pigs eye regards,