"Stimulus" did not end the recession.

[dg9990]

The recession officially ended in June of 2009 according to NBER.  However, Oz and WVIT say the stimulus spending started with FY 2010 commencing October 1, 2009. The recession was over before the Stimulus was in effect.

The recovery started as a result of super aggressive monetary policies of the Federal Reserve Board which thawed frozen credit markets.  Obama had nothing to do with the recovery.

[Oz]

www.recovery.gov
 
 No, dg, that's not what we said.  Read it for yourself.

The first 1/3 of the Recovery Act was a $288 billion tax cut that put money in people's pockets to spend.  They started getting that money April 15, 2009... for the tax year 2009... which came due April 15, 2010.

People spending money ended the recession, just like every other recession.

[stretch351c]

And since it came from the official Obama website, it's gospel to moonbats like Oz, facts not withstanding. There were no tax breaks Oz.

[wvit1001]

no tax breaks stretch?  I remember getting some tax breaks, did you not get yours?

[dg9990]

Oz is full of the stuff that makes the grass grow green. ....... Government is not on accrual accounting.  A change in tax revenue effective April 15 2009 was recorded immediately. They did not wait for October 1, 2009.


That's all beside the point anyhow. Obama signed the FY 2009 budget on March 12, 2009.

[Oz]

Obama: Stimulus tax cuts will be felt by April 1 - USATODAY.com <A href="<A">

www.usatoday.com/news/.../2009-02-21-obama-saturday_N.htm
Cached - [URL=https://www.google.com/search?hl=en&biw=1024&bih=547&q=related:www.usatoday.com/news/washington/2009-02-21-obama-saturday_N.htm+obama+tax+cuts+2009&tbo=1&sa=X&ei=8e6-T5S4JdOFsAKDk4H0CQ&ved=0CD0QHzAC]Similar

Feb 21, 2009 –
He said the Treasury Department has begun directing employers to reduce the amount of taxes withheld from people's paychecks in ... [/URL]

[Oz]

dg:  Still hung up on "budget"... ignoring Fiscal Year.

[stretch351c]

Except there were no tax cuts. But facts never bother Liberals. News flash Oz, you paid the same tax rate before Obama's "tax cuts" as you did after.

[dg9990]

Oz .... That is your dumbest post.

The Budget is for the fiscal year.

[dg9990]

Stretch ... Thanks for chiming in.

these guys insist on being wrong. It is a choice they are making. They want to be false.

[stretch351c]

Except that the failed "stimulus" which cost a trillion dollars wasn't part of the 09 budget you moron.

[dg9990]

On February 17th, 2009, President Obama signed the American Recovery and Reinvestment Act (ARRA), a $787 billion bill intended to stimulate the economy. Nearly $100 billion of the legislation’s spending was directed towards new and existing federal education programs, more than doubling the U.S. Department of Education’s annual budget in fiscal year 2009.

http://febp.newamerica.net/background-analysis/american-recovery-and-reinvestment-act