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Top of the morning

Post on November 23, 2011 by 5 Comments »

Here’s some news that hasn’t popped up in any Republican presidential debate.

The economy would have been in much worse shape without the 2009 stimulus — which increased employment in the third quarter of this year by as many as 3.3 million full-time jobs, according to a report by the Congressional Budget Office.

It turns out public investments do make a difference.

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Comments (Closed):5

  1. Frances Jenkins
    November 23, 2011 at 7:24 am

    Here is something you will not see on Progressive Pulse. The national debt has increased by 25% during the Obama rule. The economy has declined in the last two years, gas prices, unemployment rate and poverty has increased by 28%.In 2008, the price of gas was $2.76 per gallon.Today,gas is $3.49. I know none of this is the fault of Democrats.It had to be the fault of Bush. In NC, it must be just a little their fault of the Democrats, they have reigned for the last 100 plus years. Go figure.

  2. david esmay
    November 23, 2011 at 9:10 am

    Here is something based on facts and figures. The national debt increased 75% under Bush, 2001-5.871 trillion, 2008-10.640 trillion. The debt has increased 25% during the Obama administration, 10.569 T to 14.131T, 2009-2011. But of the 3.56 trillion increase, 98% was carry over from Bush programs, 910 billion interest on existing debt09-011, 360 billion Iraq war, 319billion TARP bailout from 08,419 billion Bush recession caused drop in taxes, 190 billion Bush unfunded Bush drug program,211 billion Bush medicare part D,771 billion Bush tax cuts. Bush’s contribution 7.950 trillion/8.26 trillion=96%, Obama contribution 580 billion stimulus Dec. 2010= 4%. That’s something you and any other rightwing-nut doesn’t use as a talking point. Go figure.

  3. david esmay
    November 23, 2011 at 9:14 am

    New unemployment numbers for NC, 10.5 %, according to the NCESC, the biggest contribution to the 19,000 newly unemployed, lay-offs of teachers and teaching assts. due to GOTP budget cuts. Go figure.

  4. gregflynn
    November 23, 2011 at 12:14 pm

    Nice try Frances but gas went over $4 in 2008. The debt stat you used is based on GDP, so it naturally goes up when GDP goes down. As for not seeing “national debt” on Progressive Pulse, there’s a little Search box in the top right corner. If you type those words and click Go in you’ll find more than a few articles.

  5. Frances Jenkins
    November 23, 2011 at 5:14 pm

    David,
    You have been drinking moonshine. No where close to the number of lost jobs, over by 15,000.