June 8th, 2012
08:07 PM ET

Government + stimulus = more jobs. Does it add up?

In a surprise news conference today, President Barack Obama blamed Congress for keeping Americans out of work and the overall slow pace of the economic recovery.

The President claims that by failing to pass the entirety of his jobs bill last fall Congress is letting the fragile economic recovery sputter to a halt. He told reporters today that in light of the "headwinds" the country is facing from the European debt crisis, the only thing Congress can do to help the economy is pass the remaining $297 billion in government assistance in his tabled bill.

But will more spending help the economy? We break it down.

Filed under: Economy • Politics
soundoff (5 Responses)
  1. Ken F.

    Please fact check Stephen Moore's assertion on tonight's show (Mon. 6/11) that the Bush tax cuts increased tax revenue.

    The inflation-adjusted numbers from the US Treasury indicate tax revenue fell sharply in fiscal years 2002 & 2003, failing to recover the 2001 level until 2006.

    June 11, 2012 at 7:58 pm | Reply
  2. Raymond

    Seems like people believe you can just put some money in and things will be all right forever... when it is continuous "investments/stimulus" is needed to keep it rolling... back during the great depression the whole world went all in and had WWII which in money terms was trillions of money investments.. hard to call a war a investment .. but it just proves that does not really matter if it is a "good" investment or not .. it is just the spending that matters... The real problem I see is what is considered the problem.. In any market there is a winner and a loser in really every transaction... when you are a hedge fund you just take care of the winners and sometimes "make" them winners and others losers...... As president of the United States of America I believe one has to take care of both the winners and the losers.... because sometimes the winners are the bad guys and the losers are the good guys... doesn't matter.. the point is you have to consider ALL sides.... not just the winners........ talk of laying people off... firing .. worries me... There was a time when the people in power in parts of the globe and I guess it is still happening... anyway their way of getting rid of people was not laying off and having them die of exposure or hunger but putting them in ovens... once you begin to believe one peoples is better than another peoples it is just a small step from firing to actually firing up the oven... Look at Syria looks like it could be about killing the ones that are not wanted... not about terrorism. and yet we complain about a little money.. yea it is a lot of money... but it is still only money

    June 9, 2012 at 3:17 pm | Reply
    • J

      Global terrorism = Global cleansing? The case of Syria is liken to watching the Devil do the dirty work right up close with the television camera on...and he really is going to town in Syria. Me thinks, he's got this cleansing of people from different spots around the world down pat AND he's got the networks tuned in to keep him on the front page of a the global news. Nothing like a little coverage, heh, heh, heh....

      June 11, 2012 at 12:36 pm | Reply
  3. k

    Why should the privet sector create jobs. They are doing well with the people they now have on the payroll. What with the billions they are sitting on. If the 49% below the poverty level can't buy their products who cares. They can sell to the 51% above that level and the rest of the world. I don't think that cutting social programs to zero and dropping taxes on the 1% will make any different either. Congress will only find something else to spend it on. Like the pork they always load on a budget.

    June 9, 2012 at 2:40 am | Reply
  4. J

    t-How did the overall debt requirements jump to 15.6 Trillion dollars in the past few months? Is this for real or is this a scare tactic, as supposedly the lay-out was about 13 trillion plus just a few months ago.... Who is playing 'stakes' with the debt numbers and why? Truly, if this is the case, one wonders just why the Republican party wants to win so badly in this election. If it's got to do with global ramifications, you're already starting out on the wrong foot, by lying to the public about the actual figures and therein the actual cost of running government, thereby, you are mis-dealing the deck, even before you start out new. ! "Winning by denying anyone the right to win ..." I don't know, seems like a loser's proposition.

    June 9, 2012 at 12:33 am | Reply

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