308 Comments
- SchmuckofNI, on 07/11/2009, -11/+166Probably the most intelligent thing that this administration has done so far. Now he needs to put some pressure on congress to get the Audit the Fed bill passed.
- yocouchdigga, on 07/11/2009, -8/+77Cool, now can we get some of that "transparency" stuff he was talking about? That sounded refreshing...
- deadbaby, on 07/11/2009, -4/+57Most of the money from the first stimulus package hasn't even been spent yet. The funds may have been committed for different projects administratively but the money hasn't reached the hands of the contractors and workers yet. These things take a while.
- edd8nj, on 07/11/2009, -10/+47good job
- inactive, on 07/11/2009, -20/+55The guy has only been in office for 6 months, trying to lead his administration to fixing 8 years of ***** policies, give Obama some time. If the US is in a better place in 3.5 years I think we can pass judgment on his leadership.
Most of us gave Bush the benefit of the doubt at first, and the man couldn't even speak ***** English. - Ghostalker, on 07/11/2009, -9/+39Can't keep printing money at the rate ink keeps going up. :P
- bradleyland, on 07/11/2009, -0/+28Guess what? Your bills are your problem.
What a concept! - inactive, on 07/12/2009, -12/+34How a digger thinks:
Plan one gets approved
OMG WASTE OF TAXES WATE OF MONEY BAILOUT OF RICH PEOPLE BIG BONUSES SCAM THIEVERY OF MY TAXES
Plan two gets disapproved
OMG OBAMA IS KILLING RECOVERY HOPES OBAMA IS A SOCIALIST STUPID DEMOCRATS DONT WANT TO INVEST IN OUR ECONOMY, PREFER TO INVEST OVERSEAS!!!!! - clejeune, on 07/11/2009, -5/+25I love how people are wanting to see massive results only 3 months after the stimulus was passed. At the time it was proposed they said it wouldn't see real results until 2010. These things take time. But the same people who are knocking Obama for the economy now were blaming Clinton for the economic problems in 2007. Figures.
- ShingoEX, on 07/11/2009, -10/+28You remember the last 8 years, don't you?
- sulthernao, on 07/11/2009, -15/+33http://www.recovery.gov/
http://it.usaspending.gov/
http://www.data.gov/
http://www.whitehouse.gov/open/blog/
http://www.defensesolutions.gov/ (not loading for some reason)
http://www.regulations.gov/ (not loading for some reason)
http://www.ostp.gov/cs/opengov/listening-sessions/
http://www.whitehouse.gov/open/innovations/Openfor ...
http://www.healthreform.gov/
http://collaborate.digitalvaults.org/
I know it is the chic thing to do, to hate on Obama. But there really is information out there. It's by no means perfect, but it is a start. But it is useless if people aren't looking through the data.
I really love the USA spending site. It's an absolutely fantastic idea. - yano, on 07/11/2009, -10/+28Thank you. Before we start pumping more money into a failing economy give the first stimulus a chance to work.
- funkedup, on 07/12/2009, -4/+20All those links you provided miss the whole point. Most of, if not all, of this information was widley available before Obama took office. He just created a bunch of new websites and advertised them during his campaign in hopes of people just accepting it and not asking questions just because they were there. All of them provide little information in the scheme of things.
Auditing the Fed would be a good start and would be the best adhiration to his transparency vow, but I'm not holding my breath. Anyone against auditing the Fed is delusional. We know more about the CIA then the Fed. - mksmothers, on 07/11/2009, -5/+19Of course he said that, what's he going to say, the American people are sickened by the last bailotu?
- inactive, on 07/11/2009, -8/+22what heat? Most dems and economists are clamoring for a second one. You think he's responding to republican retards?
edit: maybe he's responding to the vocal outcries from the digg community. - manlyandy, on 07/11/2009, -3/+17I guess they are going with the "since I don't know about it it doesn't exist" defense without adding on the all important "but I have specifically attempted to not have any knowledge about it."
- tristanoneil, on 07/11/2009, -19/+33One thing that I find refreshing about Obama is that while he may not always be doing the correct thing. It seems like he listens to the American public and actually cares, the same could not be said about our previous president. Because he listens it seems like he is able to correct his path inline with what the majority of the American public wants. While I don't always respect his decisions I respect him.
- inactive, on 07/12/2009, -3/+16The only reason he is doing this, is because people have their pitchforks ready, and aren't buying the load of crap that you can spend your way into prosperity anymore. This is about politics, pure and simple.
- inactive, on 07/11/2009, -3/+15He's been saying the worst is yet to come for a while now.
Nice try though. - Paranor01, on 07/11/2009, -4/+16so you're implying because unemployment is going up, the stimulus hasn't created any jobs? get some info and get a clue.
- sulthernao, on 07/11/2009, -5/+17ding ding ding.
With less than 10% (60.43 billion) of the first stimulus spent, I think that talking about a second one and the effectiveness of the first one VERY premature.
http://www.recovery.gov/ - madmanz123, on 07/12/2009, -5/+16Considering NY is having trouble with it's budget, yes it is. This is work that may have otherwise gone undone and will help people with navigation and safety during travel. Stop being a dick, I know it's hard.
- MrFunStuff, on 07/12/2009, -0/+11PatrickBrown
Please explain how bailouts are capitalist?
There is no company that is to big to fail. Company that grow big ,stay big because they can provide a service/product better than there competitors. Companies that stop making a profit too run their business fail. Capitalism reword people that run there business well. Bailouts rewords people for running their business into the ground, if their big. - m3arvk, on 07/12/2009, -2/+13Hopefully never because it's almost completely wrong as an idea.
- tweedius, on 07/12/2009, -4/+15Well, he already paid off all the special interests that got him elected, why would he need to do it again?
- darkened, on 07/12/2009, -4/+15If you think the Federal Reserve regulating anything MORE is a good thing, man do you need some lessons in the fox guarding the hen house. The Federal Reserve CAUSED EVERY SINGLE RECESSION WE'VE HAD.
- drmangrum, on 07/12/2009, -4/+15Chic thing to do to hate Obama? What the ***** are you smoking? To talk about Obama in the slightest of negative tones results in a flood of buries.
You can throw links out all you want, but the proof is in his actions. He hasn't actually displayed ANY transparency since he took office. None. He's actually done more to hide what goes on that make any efforts at transparency.
I voted for Obama. I had high hopes for him, but he's proving to be just as much a liar and a cheat as every other lawyer and lifetime politician. ***** Obama. - mfc5200, on 07/12/2009, -5/+16Keywords : Seems
His actions have almost completely everything he said during the election?
Remember all that stuff about transparency and changing Washington? How do you explain signing into law 1000+ page plus stimulus bills and other congressional bills that no one had a chance to read? - shayne8181, on 07/11/2009, -8/+19i completely agree with you however Obama won't be doing anything like that. Obama's new financial regulations he wants to pass would actually make the Fed a super-regulator and be able to intervene when it feels necessary. It would keep tabs on all the financial institutions that are too big to fail. This president of ours just doesn't have a clue
- inactive, on 07/11/2009, -25/+36To all the people who say the stimulus was a waste of money and isn't creating jobs:
Sorry, but the facts do not agree.
http://www.factcheck.org/politics/making_sense_of_ ...
http://wire.factcheck.org/2009/07/08/boehner-wrong ... - method7670, on 07/11/2009, -4/+14Good plan to me.
- inactive, on 07/12/2009, -2/+12Economists are almost as accurate as weathermen and use a lot less science to come up with their 'predictions'. And I'm not talking about the weathermen in Florida where everyday is "Sunny and 70".
- ftc08, on 07/11/2009, -5/+15It's only been 150 days. They said it'll take at least 18 months before the stimulus really takes hold of things.
Republicans are thinking that things work instantly, that's never the case with legislature this big. - m3arvk, on 07/12/2009, -1/+11We want more control. That's precisely the idea. The Federal Reserve creates the boom-bust cycles in the economy and is too far beyond our control to be held accountable.
- NorthMass, on 07/12/2009, -3/+12sulthernao - I am not trying to troll or be divisive for lulz, I am just being honest. All of that stuff means nothing, because Obama wants to give more power to the Federal Reserve, the same central bank that already doesn't have to tell anyone where they lent $2 trillion.
http://www.bloomberg.com/apps/news?pid=20601087&am ...
And what do any of those websites matter anyway? He obviously doesn't listen to us, considering he laughed at the fact that his supporters wanted marijuana legalized. - m3arvk, on 07/12/2009, -3/+12How about the torture pictures? How about the torture itself? How about investigating the lead up to the Iraq War? How about investigating the banking industry for its role in this crisis? How about sending some of those CEOs to jail for lying or misleading shareholders? How about the Federal Reserve's role in this mess? How about the member's of congress who knew about the torture? How about the CIA's involvement in misleading congress?
I voted for Obama but transparent he is not. - mah2cent, on 07/12/2009, -2/+11Lets take a look at the some alternative numbers from shadowstats.com which shows official government stats along with the way the stats were originally set up; you know, before politicians started "refining" the data:
http://www.shadowstats.com/alternate_data
This shows unemployment over 20% if you account for people who have given up trying to find a job. (The worst unemployment in US history was 25% during the great depression.)
Next, lets look at some official FED data:
http://blog.mises.org/blog/
No green shoots here.
And we have not begun to see the effects of meltdown in commercial real estate that will be much bigger than the bursting of the housing bubble. - m3arvk, on 07/12/2009, -6/+15He doesn't have the political muscle to pass a second stimulus package anyway. He's just pretending like it's his choice to save face.
- RonPauls, on 07/12/2009, -2/+11Krugman is a "leading" economist in bizarro world
Keynesians need to be ostracized and quarantined.... - inactive, on 07/11/2009, -4/+12i'm not mad, you're just ***** retarded. Sorry there's no nice way to put it
- afruff23, on 07/11/2009, -0/+8Hey Krugman, how's digg?
- Unreal030, on 07/12/2009, -1/+9ShingoEx, it's interesting you remember the last 8 years so well but so easily forget so many of the years prior to them. Glad you focus on a single part of U.S. history to suit your interests in argumentation. Both parties are equally bad my friend. Grow up and stop playing the partisan politics. It does no one any good.
- DDRSkata, on 07/12/2009, -2/+10Laugh all you want, akchrs, but it makes sense. The jobs created by the stimulus are not coming at a rapid enough rate to counter the jobs being lost elsewhere. That doesn't mean they don't exist. At this point, they're slowing the increasing unemployment rate, but hopefully they'll eventually help it decrease.
- angryfirelord, on 07/11/2009, -2/+10I think you're going to be waiting for awhile.
http://www.reason.com/news/show/131010.html
Governments don't create sustainable economic growth. - Bartboy919, on 07/12/2009, -1/+9But in all seriousness, George Bush DID help you put food on your family.
- inkswamp, on 07/12/2009, -3/+11Americans? Patient?
Does he live in the same country I do? - Bartboy919, on 07/12/2009, -3/+11If you wanna see a bad economy get worse, look at Herbert "the free market will figure it out" Hoover of 1929.
- zacharytelschow, on 07/12/2009, -0/+7What you mean is it would have been nice - maybe someone else could have paid some of your bills.
- sulthernao, on 07/11/2009, -4/+11Check it out: http://www.recovery.gov/ . 60.43 billion dollars spent so far.
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