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Thread: Current Events Topic(s) Of The Day Thread

  1. #1281
    Senior Member Swamp Fox's Avatar
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    Cool story, bro:




  2. #1282
    Senior Member bluecat's Avatar
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    So he's a comedian too.
    Zombie Response Team

    I write English not so well, but this thin string for sewing or fabric-making my funny wheel getickles. Baron von Schtupp

  3. #1283
    Senior Member Swamp Fox's Avatar
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    People forget what a bullshit shoveler and major-league asshole he was, until he reminds them.

    Would we have better memories if we weren't on sensory overload from the current circus?





    This piece literally has too many good excerpts for me to pull ... So I'm literally punting on most of them.

    It's worth ten minutes to read the article and get the rest, though, as a reminder.



    How the $800B stimulus failed

    [...]

    Now, at the first implementation meeting in 2009, Biden — with a smudged Ash Wednesday cross still on his forehead — declared that the stimulus would “literally drop kick us out of the recession.”

    Officially called the American Recovery and Reinvestment Act, the $800 billion stimulus was the largest economic recovery program in history. Adjusted for inflation, it was nearly five times more expensive than the Works Progress Administration. It was bigger than the Louisiana Purchase, the Manhattan Project, the moon race and the Marshall Plan.

    Economists and nonpartisan forecasting firms estimate that the stimulus created and saved more than 2 million jobs. It generated an unprecedented buzz around clean energy. A relatively small pot of education grants goaded 32 states to enact major reforms, such as tying teacher pay to student performance or lifting caps on charter schools. When the last dime is spent, more than 41,000 miles of roads will be paved, widened and improved; 600,000 low-income homes weatherized; and more than 3,000 rural schools connected to high-speed Internet.

    But despite these achievements, the stimulus ultimately failed to do what America expected it to do — bring about a strong, sustainable recovery. The drop kick was shanked.

    [...]


    In reporting on the stimulus over three years, I traveled to 15 states, interviewed hundreds of people and read through tens of thousands of government documents and project reports.

    What I found is that the stimulus failed to live up to its promise not because it was too small (as those on the left argue) or because Keynesian economics is obsolete (as those on the right argue), but because it was poorly designed. Even advocates for a bigger stimulus need to acknowledge that their argument is really one about design and presentation.

    [...]


    Even as the stimulus was pumping hundreds of billions of dollars into the economy in its first year, it appeared as if nothing was happening. The jobless rate skyrocketed, easily exceeding the poorly conceived chart Obama’s economic advisers had put together, showing that unemployment would never breach 8%.

    [...]

    https://nypost.com/2012/01/29/how-th...imulus-failed/

  4. #1284
    Senior Member Swamp Fox's Avatar
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    One Thursday afternoon in late January, they [Democratic party leaders] briefly had another worry to contend with: the entire party losing its mind after a Fox Business reporter tweeted a “SCOOP” that Barack Obama “is growing increasingly anxious about @BernieSanders rise in the national polls & where the avowed socialist would take the country; he is considering a public statement addressing it.” The report was quickly rubbished by those close to the former president — such an action would obviously be painfully out of character for the studiously quiet Obama ...

    The truth of Obama’s silence on the 2020 primary is that it’s not just about his obvious wish to stay out of the spotlight, but it also reflects a choreographed strategy.

    [...]

    https://nymag.com/intelligencer/2020...c-primary.html


    LMAO .... (emphasis mine)

  5. #1285
    Senior Member Swamp Fox's Avatar
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    Quote Originally Posted by bluecat View Post
    + 4 for Swampy's comments on other thread. I don't want to rock the boat. Lol

    Quote Originally Posted by Jon View Post
    ...."Moms who demand action"
    Quote Originally Posted by DParker View Post
    I think I saw that movie decades ago when I was much younger and a lot more single.


  6. #1286
    Senior Member Swamp Fox's Avatar
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    Ooops ... Wrong thread ... LOL

  7. #1287
    Senior Member DParker's Avatar
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    Tweet of the decade.

    Don't go ninja-in' nobody don't need ninja-in'.
    - Diemon Dave

  8. #1288
    Senior Member bluecat's Avatar
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    Lol!
    Zombie Response Team

    I write English not so well, but this thin string for sewing or fabric-making my funny wheel getickles. Baron von Schtupp

  9. #1289
    Senior Member Swamp Fox's Avatar
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    Oof!

    Ellison should resign and delete his account immediately... LOL

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