Visual aid: Just how miserably has the stimulus failed?
posted at 8:27 pm on June 9, 2009 by Allahpundit
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Remember this guy? He did a nifty vid a month ago along these same lines to demonstrate just how minuscule The One’s budget cuts were. (I linked it at the time but it’s lost somewhere in the HA archives.) I’m not sure his math’s right on this one, though. Granted, even by the moronic “created or saved” standard, the stimulus is a giant bust so far, having “saved” in three months just 150,000 jobs — less than half the amount that were lost in May alone. But count along with me. The stimulus bill was signed on February 17; even if we treat all job losses that month as having occurred after it went into effect (which we shouldn’t), we lost 681,000 in February, 652,000 in March, 504,000 in April, and 345,000 in May for a grand total just shy of 2.2 million jobs. A crushing amount, but per the video’s analogy, not quite the full table let alone the table plus another few dozen pennies on top.
Just a nitpick, though. Bottom line: There are an awful lot of pennies on the floor, especially given all the pennies that went into keeping them on the table. And don’t think the Democrats aren’t worried about it.
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poverty is prosperity, hate is love, death is life…
moonbatkiller on June 9, 2009 at 8:30 PM
This one gets sent out to my email friends.
itsnotaboutme on June 9, 2009 at 8:33 PM
I always hear people complain about their jobs and how much they hate having to get up on Mondays to go to work.
Stimulus solved that problem for lots and lots of people.
myrenovations on June 9, 2009 at 8:33 PM
But, but…at least he didn’t have to use quarters!
SouthernGent on June 9, 2009 at 8:33 PM
Outstanding Liberal HOPE,I mean MATH!!!
canopfor on June 9, 2009 at 8:34 PM
you are right. we can’t allow lobbyists to go hungry….
and tell me, how does this help Michelle’s kids?
moonbatkiller on June 9, 2009 at 8:35 PM
Now where did I hear this pitch for a million
jobs before,oh ya,now I remember,it was at the,
acceptance speech for the Liberal Presidential
nominee,at the football stadium,the Roman Temple
Pillars of Perpetual Hope,and NeverEnding Change!
So,it looks like the scam has hit the fan!!
canopfor on June 9, 2009 at 8:38 PM
This is a good place to give a thumb’s up to Iowahawk’s post from yesterday, topic “funemployment” (second post from the top). It’s a classic!
http://iowahawk.typepad.com/iowahawk/
califcon on June 9, 2009 at 8:38 PM
Thank god porkulus saved us all…those 150,000 new jobs were totally worth $700 billion.
Oh…and oil hit $70 a bbl today…that’s great news because it means the economy is roaring back to life….yep, it sure does…it’s right here in my talking points…
AUINSC on June 9, 2009 at 8:38 PM
The only way to fix this problem is to nationalize health care and create a new entitlement!
/sarc
obladioblada on June 9, 2009 at 8:40 PM
I don’t think failure is a strong enough word for what Obama has done so far.
KC76 on June 9, 2009 at 8:42 PM
I just want a penny for every time the words “hope and change” were used in the past, and the same amount for the words “bend over” in the future………
Rovin on June 9, 2009 at 8:42 PM
Is anyone else not buying these official job loss numbers? Am I a conspiracy theorist to think they’re being manipulated to make it look like the stimulus is working? They sure as heck don’t line up with the ADP Employment Report:
http://www.adpemploymentreport.com/
pifactorial on June 9, 2009 at 8:43 PM
Enjoy it now people. It’s going to get much worse when the hyperinflation hits.
It’s a shame. I was kinda’ hoping Obama was the AntiChrist. At least then we’d have had three and a half good years.
Squiggy on June 9, 2009 at 8:44 PM
stunning.
stenwin77 on June 9, 2009 at 8:44 PM
Gotta’ love Obamanomics.
obviousorange on June 9, 2009 at 8:44 PM
Um,
Epic Fail
Yea, that’s it. Let’s hope people come to understand it
dentalque on June 9, 2009 at 8:45 PM
wait till cap and trade and health care hit.
rob verdi on June 9, 2009 at 8:45 PM
Heh. The cost of making a penny is more expensive than the coin is worth.
What’s the cost of picking up those pennies off of the floor?
atxcowgirl on June 9, 2009 at 8:45 PM
He’s becomming Jimmah Carter faster than Jimmah Carter !
stenwin77 on June 9, 2009 at 8:47 PM
I would hope that if they were going through the trouble to fix the numbers, they would know that any job loss over 200,000 per month was going to sound staggering.
myrenovations on June 9, 2009 at 8:47 PM
The poor kool-aid drinking college students who blindly voted for Hope&Change are sitting in their parents basement due to lack of jobs. It’s gonna get old real fast!
Had they done their research, they would have known not to expect much ‘hope’ from a half-term senator with ZERO experience…
Extra Credit: These college kids (& their kids!) get to pay for President TelePrompter’s out-of-control spending. Is this the Change they voted for?
TN Mom on June 9, 2009 at 8:47 PM
Required viewing!
Yakko77 on June 9, 2009 at 8:48 PM
You would be surprised…all the HA lefties were here explaining how the new job loss numbers were GREAT news that indicated the economy was totally turning around..Dude..HopeAndChange!
AUINSC on June 9, 2009 at 8:50 PM
Nope Obama says its okay to borrow for healthcare /sarc
canditaylor68 on June 9, 2009 at 8:50 PM
Repeat after me: MILLIONS OF JOBS DESTROYED OR PREVENTED SINCE INAUGURATION DAY…
ParisParamus on June 9, 2009 at 8:50 PM
I think a lot of the Obama voters are feeling like Ben Stiller in the Hearbreak Kid.
Honeymoons over….
This is going to get reeeeally ugly very soon….
katy on June 9, 2009 at 8:52 PM
Great video. Glad to be a part of the Hot Air club.
chemjeff on June 9, 2009 at 8:53 PM
Definitely a good read. This man’s 2012 campaign slogan is going to go from “Yes, We Can” to “Yes, We Did and Most of You Didn’t Have to Lift a Finger”.
The word slackers is taking on a whole new meaning with the actions of this administration.
sherry on June 9, 2009 at 8:54 PM
Hyper-inflation should be fun…………
………… especially for those out of work.
What was that theory again………?
……… Oh, yea:
Heyyyyyyyy……………. wait a minute!
………. Wasn’t Obama influenced by the writings of Saul Alinksy???
Why wasn’t this possible scenario brought to the attention of the American public by the National Media before the election………….?
(do I really need the /sarc tag?)
Seven Percent Solution on June 9, 2009 at 8:54 PM
Lets review,
Obama said,that there was a CRISIS,a depression worse than
1929,than after becoming President,and after a gazillion
in Stimulus cash,and the bank stress tests,the ecoonmy was
coming around!
Then,just this week,its back to 1929,and they need to spend
more!!
Isn’t Team Hopey/Changey out of touch!!
canopfor on June 9, 2009 at 8:54 PM
Pennywise the clown is not happy.
Ugly on June 9, 2009 at 8:56 PM
Oops,thats economy,not ecoonomy,spelling boo boo!Le Ugh!
canopfor on June 9, 2009 at 8:56 PM
Let’s see:
Higher capital gains tax
Much higher energy costs after captain trade
End of Bush’s tax cuts
A national value added tax
Higher medical costs for free health care
Tax on health care benefits
After a while it adds up to real money – and jobs and productivity lost even if 95% of taxpayers won’t pay more taxes – somehow.
Dhuka on June 9, 2009 at 8:56 PM
Weimar 2.0
Zimbabwe 2.0
blatantblue on June 9, 2009 at 8:56 PM
The fewer the jobs, the fewer taxes collected to pay for all the Democrat spending. Does anyone in obama’s admin know how to count??
TN Mom on June 9, 2009 at 8:57 PM
Wow, outstanding visual. Even I understood that.
brennan251 on June 9, 2009 at 8:57 PM
This kinda fits my own personal tinfoilhat theory that things are actually much much worse than we are all being told.
Why the sudden stop in daily reporting of unemployment numbers?
No mention of climbing interest rates and the daily increase of the price of gas.
If I were some moonbat conspicacy theorist I would be starting to think that the MSM and the current administration were trying to pull the wool over the eyes of the american people.
Mord on June 9, 2009 at 8:58 PM
TN Mom on June 9, 2009 at 8:47 PM
Yep, and when they finally get jobs and see how much is disappearing to go to taxes for the next couple of generations – perhaps it’ll be a wake up call to rethink how those conservatives might just have something there.
I speak from experience. Cue Jimmy Carter.
tru2tx on June 9, 2009 at 8:59 PM
DO NOT LET OBAMA NEAR THE FINANCIAL PURSE STRINGS
OF THE US MILITARY!
canopfor on June 9, 2009 at 9:00 PM
Are you Obama voters starting to get it yet? This has not worked in the past which is a fact and it is not going to work now, also a fact. He is failing, but I’m sure that is all Rush’s fault.
kahall on June 9, 2009 at 9:00 PM
Well done.
PersonalLiberty on June 9, 2009 at 9:00 PM
Remember the Clinton job-creating counting technique that allowed you to count the same job multiple times if you paid for it in multiple years? Expect some number-twisting from the O team any day now….
rwenger43 on June 9, 2009 at 9:02 PM
Habitat for Humanity is getting Obama’s office ready for him.
Sapwolf on June 9, 2009 at 9:03 PM
All those pennies on the floor represent people “sacrificing” for the greater good. Yep, according to Husseinonomics, losing your job is a form of “sacrifice” which is like the patriotic thing to do. No joke:
Obama also addressed workers at plants and dealerships who will lose their jobs as part of the restructuring, warning that “more jobs would be lost,” and adding they were “making a sacrifice for the next generation.”
It’s “a sacrifice you may not have chose to make, but a sacrifice you are nevertheless called to make so that your children and all of our children can grow up in an America that still makes things, that still builds cars, that still strives for a better future,” he said.
Buy Danish on June 9, 2009 at 9:04 PM
The correct term is “fabricate”. Let me show you:
You see? Doesn’t that sound more reasonable?
progressoverpeace on June 9, 2009 at 9:04 PM
Anyone else notice that with this disaster in our face, our “Free and Independent” press has stopped reporting that it is the Democrat party that has control of the House, the Senate, and the White House………….
……… Hmmmmmmmmmm?
Seven Percent Solution on June 9, 2009 at 9:05 PM
Too late //
canditaylor68 on June 9, 2009 at 9:06 PM
Future Paycheck:
Payroll Deduction 1A: Obama’s Stimulus
Payroll Deduction 1B: Obama’s Trip to Cairo
Payroll Deduction 6B: Democrat Hidden Pork in Spending Bill
Payroll Deduction 3C: Obama’s Healthcare Reform
NOTE: Please see Human Resource Dept, and bring your wallet; you owe additional monies!
TN Mom on June 9, 2009 at 9:13 PM
The only way to create more jobs is to:
1. Nationalize health care
2. Raise taxes
3. Pass cap and trade (raise taxes even more)
4. Nationalize Chrysler and GM and dump more money into the unions
5. Raise more taxes
6. Add new taxes like the VAT tax
Your socialist/fascist god has spoken.
Daggett on June 9, 2009 at 9:15 PM
Too late
canditaylor68 on June,2009 at 9:06PM.
canditaylor68:Terrific! I hope the eight C-17’s are for
the theatre of Afghanistan!:)
canopfor on June 9, 2009 at 9:16 PM
It’s another power grab. From the article about Democrats:
Alana on June 9, 2009 at 9:17 PM
Wait, wait, wait…..I was told it was funemployment.
Capitalist Infidel on June 9, 2009 at 9:18 PM
You govern best, when you do nothing at all. /Krauss or something
- The Cat
MirCat on June 9, 2009 at 9:18 PM
Obama’s response to the video: “Uh, well, you know, uh…okay look at all those pennies you have saved up…my stimulus is working.”
Erich66 on June 9, 2009 at 9:20 PM
Y’know what burns my toast? When the media can’t even discuss pay-go without lying about the Bush tax cuts.
Paul_in_NJ on June 9, 2009 at 9:20 PM
While I will still contend that there is something fundamentally wrong with the economic model that relies on unchecked corporate interests to determine all policy…one can no longer even entertain the idea that fiscal stimulus, a la John Stiglitz, Keynes, et al., is somehow a viable option for dealing with fiscal crisis.
as it stands, the IMF prescribed liberalization + spending cuts + interest rate increases stands at 0 and 1. The Stiglitz approved Japanese response of fiscal stimulus now stands at .05 and 2.
we must reconcile, and soon, what worked for the east asian NIC’s with what worked for the Japanese, and form a consensus on the response to financial crisis. this play it by ear sh*t must end, and I will most certainly never again support national politicians that do not propose we do so.
ernesto on June 9, 2009 at 9:20 PM
Anyone notice the Afrolib’s skipped this thread?
:]
/silenceisassent
bluelightbrigade on June 9, 2009 at 9:21 PM
…OT: If the Norks actually nuke someone, Obama’s teflon is gone…
ParisParamus on June 9, 2009 at 9:21 PM
You mean this one?
http://youhavetobethistalltogoonthisride.blogspot.com/2009/04/100-millon-dollar-budget-cut-how-to.html
Dr Evil on June 9, 2009 at 9:22 PM
Can we get this guy to make commercials for the RNC? He makes the point more simply and clearly than any of our politicians can.
chromium on June 9, 2009 at 9:23 PM
Is he about done?
TheSitRep on June 9, 2009 at 9:24 PM
I “heart” the math guy.
Dr Evil on June 9, 2009 at 9:25 PM
It won’t be long before Der Fuhrer will dictate that only GOOD economic news will be printed or broadcast. Even if the White House has to make it up. Oh, that’s already happened.
GarandFan on June 9, 2009 at 9:26 PM
In an alternate universe, if I had a daughter and she were contemplating marriage to BHO, I’d def push for the pre-nup.
bluelightbrigade on June 9, 2009 at 9:26 PM
What’s your complaint then?…you wanted central planning…you got central planning…all this free market capitalism has to stop and it will stop under Obama.
AUINSC on June 9, 2009 at 9:26 PM
chromium on June 9, 2009 at 9:23 PM
And he uses Obama’s favorite President “Lincoln” a Famous Republican President in the form of coin of the realm. Which we will be lucky if we still have two pennies left to rub together when Obama’s done with the Economy
Dr Evil on June 9, 2009 at 9:27 PM
Quick someone post something nice about Sarah Palin. That’ll bring the liber-trolls back into the thread and we can dive-bomb ‘em like the Iraqi army fleeing Kuwait.
PackerBronco on June 9, 2009 at 9:31 PM
Perfect analogy, but the liberals will just say “its only pennies”
General America on June 9, 2009 at 9:32 PM
Great example – as was his last one. Keep it nice and simple so people don’t get confused.
Stomper on June 9, 2009 at 9:32 PM
The stimulus was nothing more than a political payoff to dem cronies. It was never intended to “stimulate” the economy.
An improved economy is the last thing the statists like Obama want to see happen.
If you have yet to figure that out, then go back and study the history of Marxist statism.
Why is this painfully simple fact lost on so many otherwise intelligent people?
-Dave
Dave R. on June 9, 2009 at 9:35 PM
::sigh:: here I am distinguishing between stiglitz and the IMF and the current situation and you go throwing that simplistic sh*t at me.
ernesto on June 9, 2009 at 9:35 PM
The ‘Stimulus’ has barely started yet. We don’t know what its going to do.
What we do know is its not going to be good.
bingsha on June 9, 2009 at 9:39 PM
Sorry about that dude…you are operating way above us all. Why do you bother with us?
AUINSC on June 9, 2009 at 9:39 PM
Cha Ching! Keep the change.
Fletch54 on June 9, 2009 at 9:41 PM
You tied him, you ride him, leftist.
Fletch54 on June 9, 2009 at 9:45 PM
because i like bouncing idea’s off of different fairly regular “conventional wisdoms”. the hotair approved conventional wisdom is occasionally useful, when its not presented in some snide offhanded emotional fashion. i wouldnt frequent this site for the years i have if i didnt find some enjoyment out of it.
ernesto on June 9, 2009 at 9:45 PM
everythings gotten so emotional here these last 5 months…y’all used to reason better…entertain notions just for the sake of argument…now its all rage…
ernesto on June 9, 2009 at 9:46 PM
Fair enough…then why do you post gibberish like this that nobody is going to care about…in fact, who cares who Stiglitz is…what was the point? It looks suspiciously like you have a textbook out and you’re wanking.
Sorry, but just say what your position is.
AUINSC on June 9, 2009 at 9:50 PM
That dude has a lot of pennies. When will the knock on the door from the IRS come?
rockhead on June 9, 2009 at 9:53 PM
For example…I’m sure you think this is great…shows what a deep grasp you think you have about economics…but you can’t seem to translate this into anything meaningful at all..it looks like you just copied and pasted some random crap from a graduate level econ textbook…not relevant.
AUINSC on June 9, 2009 at 9:54 PM
@ernesto
Are you a US citizen? I ask this not out of snark or to diminish your opinion.
You are in Colombia, no?
daesleeper on June 9, 2009 at 9:56 PM
I hope that guy doesn’t leave a trail to where he is living because the IRS might just come in and take all his pennies away and distribute them down the street to those that have lost their jobs.
Brat4life on June 9, 2009 at 9:56 PM
LOL!!!!!
RosanaZugey on June 9, 2009 at 9:57 PM
My point was that – while conceding that i still find myself at odds with what’s commonly described as the “conservative” fiscal position – i freely admit that the policy of fiscal stimulus that i accepted as a legitimate crisis policy has not worked in this instance, and may never work given current circumstances. I just mention where im coming from because i too often get “you silly leftist tard” as a response to when im trying to make a specific point.
ernesto on June 9, 2009 at 10:05 PM
Immanuel Kant you must define your terms. What is the ‘conservative’ fiscal position?
daesleeper on June 9, 2009 at 10:13 PM
Again, fair enough…you could have said what you just said…instead of what you actually posted. The conditional part about what circumstances you think the stimulus might have worked would be interesting…though you may have still been called a leftist tard…at least you would get more responses that are closer to good debate.
AUINSC on June 9, 2009 at 10:19 PM
LOL!
Stick around… there’s still time.
44Magnum on June 9, 2009 at 10:20 PM
You’ve admitted it has not not worked, that it may never work. You’re 2/3rds of the way there. All that remains is to concede that it never has worked and you will become one of us. Joooooiiiiinnnnn uuuuuuussssssssss ….
PackerBronco on June 9, 2009 at 10:32 PM
Allahpundit needs to get on the Vehix shtick:
“Videos, Videos, Videos, I LIKE my blog”.
Tinian on June 9, 2009 at 10:42 PM
It’s a game he plays…always acts like he’s almost ready to jump…several earnest commenters take him seriously and try to convert him…then goes right back to form…don’t bother. He likes the attention…a true lefty.
AUINSC on June 9, 2009 at 10:42 PM
The liberal kids I know have been reveling in funemployment and waiting for the free handouts from Obama, gathered from us people indispensable enough not to lose our jobs. It’s almost enough to make me wish my husband would lose his job; then he could stay at home and help me with the kids instead of losing his paycheck to these ‘tards. But I don’t really, because I want him to contribute to society and not be a burden on the system. And I’ll stay home and contribute by raising smart kids to understand that being hard-working is not a bad thing… it’s an asset and contributes to innovation.
The age of entitlement indeed.
Christina D on June 9, 2009 at 10:44 PM
That will be in 2012, or he will have to get a much bigger table
DSchoen on June 9, 2009 at 10:56 PM
Are you better off today than when the Democrats took over congress? I’m not. So next year… Will we be better off because Obama is President? Not likely. If we can get through the leg thrills we should at least stop the bleeding in 2010.
If we can really count on Republicans not to just keep up the spending that is.
petunia on June 9, 2009 at 10:59 PM
The secret is…don’t vote for anybody who doesn’t promise to roll back 100% of what Obama and Congress have done since they took over…any Republican who wants my vote, must promise that.
AUINSC on June 9, 2009 at 11:03 PM
Here’s another on-point Onion-style parody of the White House’s failed economic predictions. It’s entitled “Obama Appoints Russian Mystic Rasputin “Psychic Economic Adviser to the Czars”: http://optoons.blogspot.com/2009/06/obama-appoints-russian-mystic-rasputin.html
Mervis Winter on June 9, 2009 at 11:41 PM
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