ARRA has done some amazing things, really, but you might not have seen them. It has, hands down, done more to modernize healthcare IT than anything in decades. I see it because that's where I work. If I didn't work in that field, I probably wouldn't know because it doesn't seem to get talked about in the media.
I think it also did what it set out to do: stem the bleeding of jobs. I would have liked to have seen a much bigger stimulus package in order to really move things. A large contingent of economists at the time pointed out the that size of the stimulus compared to size of GDP was so small that it would be rather difficult for it to have a substantial effect. But, I guess, politically they felt like it was as much as they could swing. Weak, but there it is. And if you look at the numbers, you'll see that private sector job losses started to stabilize and then improve as the stimulus got passed and then put into action. Overall numbers were still dragged down by continued slashing of public sector jobs. Those losses seem to have finally stabilized, so we'll see how things look going forward. As to the constitutionality of the measures, I can understand your trepidation. TARP and ARRA were, at least, introduced into Congress and voted on. I'm rather more worried about the much larger behind the scenes machinations by the Fed. No oversight, no public votes, no transparency what so ever. And they dwarfed TARP and ARRA put together. Seems like a classic example of distract and divide. Get people focused on the little stuff that you let them see and hope they ignore the man behind the curtain. Judah On Mon, Apr 16, 2012 at 9:55 AM, LRS Scout <[email protected]> wrote: > > The Auto bail out maybe wasn't a failure, but wasn't within the > constitutional powers allotted to the government in my opinion. > > The ARRA didn't create anywhere near the jobs it was supposed to, and I > know you've seen the issues with the "green" companies that it supplied > with millions of dollars and how they are failing left and right. Again I > also think that this level of interference in the economy is > unconstitutional. > > On Mon, Apr 16, 2012 at 12:43 PM, Judah McAuley <[email protected]>wrote: > >> >> In what ways do you think the auto bail out and ARRA were failures? >> >> Judah >> >> On Mon, Apr 16, 2012 at 9:41 AM, LRS Scout <[email protected]> wrote: >> > >> > Should have been more specific, had the auto bail out in mind. >> > >> > Not to mention the ARRA and his other bailout and "stimulous" plans. >> > >> > he has continued failed programs at every turn, including many he >> > campaigned directly against. >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:349869 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
