These projections are hopeful at best. They are going to run much deeper and more oppressive on economic growth for two reasons. First, there is much less revenue coming into the government than they have figured because there is significantly less business and fewer workers employed than they estimated.
Second, to get people to buy their debt, they’ve sugar-coated much of it with inflationary guarantees. The minute we get a whiff of inflation, the guarantees of the worth of these bonds will begin accruing. The debt will begin to mushroom. This a a bigger bomb than we even imagined.

The Obamanation is busy and clouding the waters again:

http://www.nytimes.com/2009/07/03/opinion/03krugman.html

That is a mighty powerful picture…so much so…that even the masses shouldn’t have too much trouble understanding it.

Obama’s ill-advised $700B+ “stimulus” program is a train-wreck in progress: these jobs figures are far worse than the ones the White House warned us about if we DIDN’T pass the bill- so it was passed, and then unemployment soars anyway?

Instead of creating jobs, interest rates were bumped up, the dollar slid… and it didn’t help anybody get any work. Much of this is due to the fact that Obama’s radical agenda has mortified almost every machine of job-and-growth creation in the country.

The One couldn’t deliver the type of “temporary, targeted, and timely” bill that he promised repeatedly- regardless of his image in the MSM as almighty, Obama simply lacks the the political stature to control Pelosi and Reid… who hit the trough hard, while bickering like siblings.

And the lack of GOP co-conspirators exposed Obama politically… this legislation now looks to be a HUGE gamble. And when all this pork-n-welfare fails to generate any real economic gains, the Democrats will face a bloodbath in 2010.

One could even make the argument that Obama knows his legacy will be in tatters by 2012… and is just ramming through as much of his far-left agenda as he can before the day comes when people cringe at the mere mention of his name… sure seems like it.

http://reaganiterepublicanresistance.blogspot.com/

That bar graph.

Some industrious marketing person needs to put that on a bumper sticker?

http://hotair.com/archives/2009/07/03/video-colin-powell-suddenly-concerned-about-government-spending/

that whatever hits the fan, it will not be evenly distributed

since the other 95% of us were promised a tax cut and that there was no way no how that we would pay a single cent more in any type of taxes.

That graph is out of date. It’s from back when unemployment wasn’t going to get above 8%. And it doesn’t include the new analysis from the CBO that acknowledges that all that borrowing will require higher interest rates, making the borrowing more expensive. The higher expense is paid for with … more borrowing.

I wish someone would update this graph.

Half the graph will disappear so that in 2012 he can say he inherited a $50 gazillion deficit which he trimmed in half. So we need to elect him to a second term to finish the job he started.

the general economy, certainly not the economy that most here participate in. In the guise of “stimulating” the economy that they and their allies had taken down, they simply raided the Treasury and handed money out to their constituent groups.

The greatest resentment the Democrats held for those long awful years from ‘94 to ‘09 is that they had been pushed out of the trough. The “stimulus” was a quick taste of walking around money to help them all get past the bad times. The best analogy would be a dealer sporting a junkie in withdrawals a little taste to get him back on his feet so he can get back out there and steal something and start bringing the money in again.