Expose on the Tea Party Architects

[Slingin Sammy 33]

Originally Posted by 12thMan

Find me one economist that didn't think the stimulus worked. Not a journo or politico, but an economist. Fine me just one. Unemployment would be in the mid-teens without it, easily.

Just thought I'd help FD out a bit here.

Arnold Kling, Marc De Vos,
RealClearPolitics - Obama's State Capitalism: A Failure of Modesty

Allan Meltzer - professor of economics at Carnegie Mellon
Allan Meltzer: Why Obamanomics Has Failed - WSJ.com

Peter Morici, a business professor at the University of Maryland and former chief economist at the U.S. International Trade Commission, said Mr. Obama's proposed small-business lending fund is "a drop in the bucket" compared with what is needed. With the estate tax scheduled to be reimposed at the end of this year, he said, small businesses will suffer even more.
"I can't imagine a president with a more anti-small-business agenda than Barack Obama," Mr. Morici said. "What you saw in the Rose Garden was the cynical enterprise of a cynical man. He simply doesn't believe in the private sector, and it shows in his actions." (Stephen Dinan and Kara Rowland, "'Stimulus' or not, Obama seeks new spending,'" Washington Times, 6/13/2010)

University of Chicago’s Eugene Fama and Columbia University’s Charles Calomiris
Obvious Failure of Stimulus Becomes Obvious Even To Economists - Hit & Run : Reason Magazine

Jeffrey Sachs
Keynesian Economist, Jeffrey Sachs Says President Obama's Stimulus has Failed | The Hinterland Gazette

President Obama has created more jobs in his first two years than George W. Bush did during both of his terms. Did you know that?

Really? A little bit of fuzzy math I'd say. Here's the real story.

The new Democratic claim about job creation*|*KeithHennessey.com

The stimulus has created somewhere north of 3 million jobs. Is that a failure by your definition?

Also, from the below Heritage article:
When the President first began selling his stimulus plan to the American people in November 2008, he promised it would create 2.5 million jobs. But as employment fell at the end of 2008, President-elect Obama increased his employment promise by one million to 3.5 millions jobs created. At the time, employment stood at about 134.3 million. Using these two data points, one can objectively establish the Obama jobs target for December 2010 at 137.8 million. Fast forward to July 2010 and the latest jobs report shows total U.S. employment at almost 130.5 million. This means President Obama’s stimulus has failed to meet its own standard for success by 7.4 million jobs.

Nearly all the banks have repayed the bailout money profit to the U.S. taxpayer. Is that a failure?http://www.nytimes.com/2009/08/31/bu...1taxpayer.html

Both Bush and Obama had a hand in TARP so this one isn't all on Obama. But, Huff Post thinks there are several failures of TARP.

Top Official, Citing TARP, Doubts Obama's Small Business Lending Plan

Small Banks STILL Struggling Despite Wall Street Bailout

TARP Global Impact: U.S. Bailout Helped Overseas Banks

Bailed-Out Banks Finance 'Legalized Loan Shark' Payday Lenders, Says New Report

Here's some more links:

Fifth TARP Bank Fails, Likely Wiping Out Taxpayer Stake - Washington Wire - WSJ

I haven't fact checked this one, but there's some interesting points here.

Why TARP Was a Taxpayer Failure But a Political Class Success

The auto industry is showing signs of growth and being profitable for the first time in years. Is that a failure?

The GM & Chrysler bailout suceeded in saving GM and thousands of jobs, but it's certainly not a model that should be used going forward.

He did what he said he was going to in both Iraq and Afghanistan.

Many on the left don't think so.

More U.S. Troops Killed in Afghanistan Under Obama Than Under Bush | MichaelMoore.com


Don't believe all the numbers that come out of the Administration.

Morning Bell: Why the Obama Stimulus Failed | The Foundry: Conservative Policy News.