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10-29-2009, 04:49 PM

I agree that Obama over-promised on jobs....although the reports are still far from complete, much of the funds have yet to be committed and an 18 month+ time-span as envisioned in the legislation will provide more realistic measures.

But the economy is no longer on the brink as it was in Jan....the 3rd quarter GDP saw the greatest growth in 2 years.....by nearly every measure, the worst of the recession is behind us, with the exception of jobs...always the last indicator to recover.

We have no idea what would have happened w/o the stimulus program, the TARP program, etc.

IMO, it would have been bad public policy to take that risk and I certainly did not see any better alternative, including doing nothing.

10-29-2009, 04:49 PM	#937
Redux Guest Posts: n/a	I agree that Obama over-promised on jobs....although the reports are still far from complete, much of the funds have yet to be committed and an 18 month+ time-span as envisioned in the legislation will provide more realistic measures. But the economy is no longer on the brink as it was in Jan....the 3rd quarter GDP saw the greatest growth in 2 years.....by nearly every measure, the worst of the recession is behind us, with the exception of jobs...always the last indicator to recover. We have no idea what would have happened w/o the stimulus program, the TARP program, etc. IMO, it would have been bad public policy to take that risk and I certainly did not see any better alternative, including doing nothing. Last edited by Redux; 10-29-2009 at 04:57 PM.