Thread: Economists: Obama Stimulus Dead in the Water

Economists: Obama Stimulus Dead in the Water

Friday, July 17, 2009 11:29 AM

By: Forrest Jones

As the Obama administration gauges the performance of its $787 billion stimulus package and talk builds of a new program on the way, some economists argue that any government intervention regardless of size will fail to seriously help the economy.

Credit is limited. Plus rising unemployment and a general resistance to spend are dampening consumer demand.

“Many households that want to borrow can’t, and many that can borrow won’t because they now must save for retirement the old-fashioned way,â€

Economists: Obama Stimulus Dead in the Water

Friday, July 17, 2009 11:29 AM

By: Forrest Jones

As the Obama administration gauges the performance of its $787 billion stimulus package and talk builds of a new program on the way, some economists argue that any government intervention regardless of size will fail to seriously help the economy.

Credit is limited. Plus rising unemployment and a general resistance to spend are dampening consumer demand.

“Many households that want to borrow can’t, and many that can borrow won’t because they now must save for retirement the old-fashioned way,â€

Hey in missouri I have not seen any stimulus and I was telling people it would not work when they first started talking about it. Looks like this old redneck was right!!

Hey in missouri I have not seen any stimulus and I was telling people it would not work when they first started talking about it. Looks like this old redneck was right!!

Do you know who some of Obama's economic advisors are. Basically, they're interested in government public works projects to build up the union membership.

Do you know who some of Obama's economic advisors are. Basically, they're interested in government public works projects to build up the union membership.

"It just doesn't have the makings of a recovery like we saw in the early 1980s," Wells Fargo Securities senior economist Mark Vitner told the Associated Press.

He predicts mortgage delinquencies and foreclosures won't return to normal levels for three more years.

.......if they do at all!

"It just doesn't have the makings of a recovery like we saw in the early 1980s," Wells Fargo Securities senior economist Mark Vitner told the Associated Press.

He predicts mortgage delinquencies and foreclosures won't return to normal levels for three more years.

.......if they do at all!

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