Skip to main content

Have you noticed how Republicans and 'fiscal' Conservatives have an annoying habit of not believing reality? They believe Women Enjoy Rape, that all Muslims are Terrorists, that there were WMD in Iraq, and that letting Very Rich men hoard Tax Cuts in Overseas accounts magically creates Jobs and Growth here in the US.

"They believe these things often out of self-delusion and wanting conservative (read white, mine)  leaders to be right in the face of “liberal” facts, but also because they surround themselves by white (mine again) conservative media – tv, radio, print, and online – that repeats these untruths to them in a 24-7 drumbeat of mendacity."  Here’s More Proof The Stimulus Saved The U.S. Economy

recovery-act

Thanks to Oliver Willis ... we have this graphic distillation of the work of Mike Norman from his The US Economy Pres-Stimulus/Post Stimulus

The stimulus — the American Recovery Act — was the biggest piece of legislation passed by President Obama and the Democratic Congress in his first year in office. They inherited an economy near complete collapse thanks to a policy of deregulation across multiple presidencies and a lack of oversight and imagination by the Bush administration.
The Act was not perfect, and I believe — along with other more economically knowledgeable people — had it been composed of more direct investment and not balanced with tax cuts and cuts to government employment, would be even more successful  But make no mistake: It worked. It wasn’t some tax cut voodoo but old fashioned Keynesian economics that has added millions of jobs while eventually lowering the employment rate. The Obama stimulus beat the Bush recession.
Now by definition a 'Stimulus' to the economy is an increase in Total US Business Investment.. that is investment in companies that produce jobs. Not in ones that send jobs overseas....and not as 'conservatives complained that these were just government jobs (including some insane hysteria about the census for the first time ever).' But real private sector jobs.  THUS:

Total Business Investment

....and what does that mean for the unemployment rate? and jobs?

Unemployment Rate

Total Private Payrolls

And what do MiddleClass people use their wages on, besides, housing and food and utlities? SEE BELOW THE SQUIGGLE:

Hmmm. NEW CARS? Yes..we did and love our 2011 MALIBU, and thankfully.

The stimulus and the auto rescue helped to keep afloat one of the country’s top industries. Many were conflicted about the auto rescue (including myself!) but few went as far as Mitt Romney to say “let Detroit go bankrupt.” Thank goodness we didn’t. The U.S. auto industry is back, and millions of jobs that could have been lost via a ripple effect were saved.
Total Vehicle Sales

and More Retail spending at all other US business overall..much much more.

Retail Sales

ALL OF WHICH LEADS us right back to the Overall Measure of Success of the American Recovery Act... or an increase in GDP.

Gross Domestic Product

As O Willis notes: "It’s worth reading the entire document to see just how much the stimulus pushed us back from disaster and has laid a foundation for future growth."

We aren't there yet but. " we aren’t headed towards stagnation either — UNLESS we make the wrong choice in November and head back to the policies of failure from the right."  

Like shipping very profitable US companies and jobs to CHINA as BAIN CAPITAL yes, Mitt Romney's Bain Capital is doing with SENSATA Industries. It is due to close on November 5, 2012. Yep, day before the election.

SEE most recent KOS update on SENSATA here, Everything You Need to Know About #Sensata ...

Hopefully we won't elect a man who hides his SENSATA stock in a private 'charity' account so you can't see it and how much he is making from it. SEE:Romney Gets Tax Break Off Firm Sending SENSATA Jobs To China

...luckily I see Huffington Post and some other sites have stories up like this one.While Villifying Obama in Ohio over China, the Sensata Story is Exploding in Mitt Romney’s Face

...and from tweets yesterday evening after a fine day of hunting in North Dakota with his exhausted, from the pic, black lab BUCK,  Ed Schultz of MSNBC's ED SHOW says he is 'On his way to FREEPORT and SENSATA" ..for a whole week of shows I hope.

ALSO, however, I myself am wondering why Occupy Chicago isn't living in FREEPORT right now. Maybe they are, or maybe just maybe they really are anarchist/communists and don't really care about US jobs...whatever, that their decision.

Please share with any you know who "Don't Think the STIMULUS helped."
..
Stay FIRED UP and READY TO GO....and Don't Stop Believing!

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site