Stimulus Overhype?

Mr. Tapper -- you seem like the only reporter actually doing his job these days. Keep up the goood work. Keep asking the hard questions and following up on the statements made by the Obama administration that need to be verified.

Thank you Mr. Tapper for giving hope to a Libertarian that maybe the fourth estate will once again start looking out for ALL citizens of this great land. Keep up the good work! Might I add that I am not just giving you kudos for holding a liberal’s feet to the fire here. I will expect that you will just as tough on whoever might be in power 2 or 4 years from now. The greatest accolade you can hope for is when anyone in the US would say that I get my news from Tapper because he tells the truth.

Mike

Mr. Obama is running out of time because the "economic realities" of his inaction relative to the private sector failure in progress will judge him very harshly. Both the democratic party and Obama is going to be quite surprised when the tax paying American citizens get their day on election day next year. The republicans should not make the mistake of thinking they are immune from a backlash of the American people either. Republicans are very much a part of the problem as well. They voted for and supported NAFTA which has done nothing but "strip mine" America's economic infrastructure creating the huge hole in our economy by so many businesses, factories, jobs, and other industry's moving to other countries. A 100% house cleaning of all incumbents is all the American people can do at this time. But, that's a start.

Well, there are some investors that are concerned about deficit spending and they can do something about it.

Bond Vigilantes Confront Obama as Housing Falters

Other economists are more pointed. After falling from 16 percent in the early 1980s, 10-year yields have nowhere to go but up, according to Richard Hoey, the New York-based chief economist at Bank of New York Mellon Corp.

“The secular bull market in Treasury bonds is over,” Hoey said in a Bloomberg Television interview. “It ran a good 28 years. They’re never going lower. That’s it. It’s over.”

The administration doesn't care it issues reports that are lies. They know the MSM will pick it up and run with it like a puppy with a toy.

It's the initial message that gets the coverage just like FDR and his lying. Why don't the put a cardboard cut out of Gibbs behind the podium and tell the press corps to fill in the blanks.

Washington calls it "spin" when they twist the facts and the truth. I call it out and out LIES!!

Has anyone else noticed that we're rapidly finding out just how worthless Obama's "word" really is?

Obama is going to destroy the U.S. as we know it and it amazes me of how many just blindly follow like little sheep. Some think that if you voice a strong obinion against the current President that you are bitter and full of hatred. I can tell you that I am not at all, I just love my country. Franklin D. Roosevelt said it well "America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves."

Thank you Mr. Tapper for reporting on this issue and I hope you are able to continue. Currently I receive the majority of my news from internet sources and Fox News Network. I have refrained from ABC, CBS or MSNBC because I have not seen disassociated, third party reporting until now. You Mr. Tapper have given me reason to begin looking for your news reports on ABC. You have helped gain this viewer for your network.

I believe it very important for us all to remember that this is America and all Americans have a vested interest in what Washington is doing. When the people of this fine and great country come together as Americans to view the state and condition of our situation, then I believe we can and will get something done. I do not believe that one side or the other has all the answers but we as Americans can and will put our country back on the track of financial prosperity. Then will the opportunities for jobs return, the out of work, homeless will have opportunity to rebuild themselves as we all must do at some time in our lives.

Those who are still in business will be able to grow and expand to provide a viable product or service for the consumers of this country and then the world. I do not believe it is only about the United States of America but how can a nation expect to spread itself out into the world when we don't even have company infrastructure to support that?

Will all who write on this issue here on this post consider working together as Americans first to fix our homeland?

I will work with you. I am an American first and of Italian descent second. I am thankful that my Creator chose to let me be born and raised in this country with so much at my disposal so I can make my life what I want. It is my hope that every person in this great country would also take on this perspective and see they too have the same opportunity at their feet.

Thank you again Mr Tapper and thank you all on this post for having interest in your country's future.

Obama and crew...nothing but smoke and mirrors.

Sheriff Joe Biden is makin' sure all yer money is spent wisely.

LOL.

I couldn't believe it, someone from ABC, actually challenged the administration spin. Great Job Mr. Tapper! I think we should all look at the facts and challenge talking points.Could the honeymoon be over?? I hope so.

UPDATE: At today's briefing, White House press secretary Robert Gibbs conceded that the entry about the DC Housing Authority project was not as accurate as it could have been.

Yeah, they are lying!

It is often said in marketing circles "it doesn't matter what is real or not real - what matters is what they percieve as real."

The left are masters at perception - more so than their counterparts on the right. But, in this economic cliamte there is no spinning jobs - either this plan of Obama's helps create jobs or it doesn't. It is not a straight either/or choice but the shades of gray are exceedingly narrow. So, spin away Mr. Obama but be aware if your plan doesn't get up off dead center fairly soon all the spinning in the world is not going to change reality.

Twenty five years ago the Congress of the United States approved a new global business model or concept (called free trade). It was called NAFTA (North American Free Trade Agreement). This new deal was born in the United States by big business, and was developed over many years before it was introduced to Congress. The whole NAFTA project was basically hidden from the public, unions, and the people of this country until the very end. There was little to no public vetting, information, or discussions until it was to late. Congress quickly passed the bill and the President signed it. That event marks the beginning of the demise of our country. Our economy, government, and society have constantly been failing ever since NAFTA approved "opening the gates" for the exodus of our economic infrastructure to other countries. The private sector is failing rapidly with no hope for recovery because of the loss of so many factories and businesses that created jobs for our economy. The current failure rate of businesses in almost every area of our economy continues to escalate even after Obama spent almost a trillion dollars to "stimulate" the economy. Most people don't realize the "stimulus" money went to stimulate the size of government. Our days are numbered.., anyone who invests in this dead end street we are on should re-evaluate their decision. Even the stock market does not have a bright future. The "strip mining" of America's economic infrastructure, via NAFTA, is responsible for our demise as the greatest nation on earth. Politicians in Washington are responsible for creating this mess by approving NAFTA. At this point, the damage has been done, but voting every incumbent out of office in next years election sounds like the appropriate thing to do.

Has anyone done the math on how many months of electric bill savings it will take to payback $45,000. Don't worry I'll do it. Let's assume a robust savings of $50 on your energy bill EVERY MONTH-- that'll only take 900 months to pay that thing back, in other words, 75 years. Who's doing the cost savings analysis on this junk anyway? Energy savings shmenergy savings... these brainstems are spending a million to save a dime...fools!

History of Gov’t Bailouts! Every Republican President starting with Nixon has put his signature on a Gov’t Bailout! I know congress plays a huge role in this but ultimately the president is accountable with his signature. I thought Republicans were against Gov’t Bailouts!

1970- Richard Nixon (R) $3.2 billion, 1971- Richard Nixon (R) $1.4 billion, 1974- Richard Nixon (R) $7.8 billion, 1975- Gerald Ford (R) $9.4 billion, 1980- Jimmy Carter (D) $4.0 billion, 1984- Ronald Reagan (R) $9.5 billion, 1989- George Bush Sr. (R) $293.3 billion, 2001- George Bush (R) $18.6 billion, 2008- George Bush (R) $30 billion, then $400 billion, then $180 billion, then $25 billion, $700 billion (TARP), then $280 billion, 2009- Barack Obama (D) $142.2 billion.

Interesting article on propublica.org/special/government-bailouts , they are tracking the bailouts, return of the money and also the results of past bailouts. Knowledge is power!

Good job Jake, you are the only reporter in the media to dare ask a question about the the true accomplishments of the stimulus program.

jake, i imagine you don't read every comment (you don't have time!), but if you happen to see this one: great reporting. i appreciate your fairness.

This man will destroy America as we knew it. He is dangerous.

I usually don't post comments, but found it humorous that this Ryan C guy had so much time to post over and over. Nevertheless, deflation, coupled with printing money is a sure fire recipe for inflation. It's really just elementary economics.

Secondly, we didn't spend our way out of the Great Depression. FDR tried two fascistic stimuli (recall the "Buy Blue Eagle" and how costs were set across the country. Also, livestock were killed in droves to artificially creat demand) prior to entering WWII, which is when we saw the rebound (which is why we needed multiple stimuli). The rebound was created by an upswing in production and a scarcity of goods. Try reading Milton Friedman or Amity Shlaes to get a perspective on what happened.