A Verdict on Obama's "Stimulus" Plan

"The third fact puts this in perspective. In a healthy labor market like the one that prevailed in 2006 and early 2007, American firms hire about 5.5 million workers per month. "

So we finally had a healthy labor market five years after the end of the last recession?

Sounds about right. Call me in 2014.
 
2014 won't do Obama any good in 2012.

:)
 
Pretending the stimulus did not work is just the thing that will work for your party.

Pretending global warming isnt happening is great too.

Pretending every news station but Fox lies works too.

Pretending higher education will ruin this country is just peachy.

Pretending anyone who teaches facts you dont like and dont fit your failed ideas makes you so smart huh?


Calling me names is going to make this election a breaze for your party huh?


Facts mean nothing to this wing of your party and it will kill you in this election.
 
Pretending the stimulus did not work is just the thing that will work for your party.

Pretending global warming isnt happening is great too.

Pretending every news station but Fox lies works too.

Pretending higher education will ruin this country is just peachy.

Pretending anyone who teaches facts you dont like and dont fit your failed ideas makes you so smart huh?


Calling me names is going to make this election a breaze for your party huh?


Facts mean nothing to this wing of your party and it will kill you in this election.


Pretending that any of this is real is a clear indicator you're mentally retarded.
 
2014 won't do Obama any good in 2012.

:)

2007 didn't do Bush much good in 2004, but he still won.

Claiming the healthy labor market returned 5 years after the end of the last recession kinda makes any claims about the current health of the labor market look rather...eh...stupid, no?


By the end of 2004, total employed was back up to where it was when Bush was elected. Obama is still down by over 3 millions actual jobs. With the anemic performance of Obamanomics, there is no way the economy will generate a net gain of 3 million jobs by fall 2011.
 
Pretending the stimulus did not work is just the thing that will work for your party.

Pretending global warming isnt happening is great too.

Pretending every news station but Fox lies works too.

Pretending higher education will ruin this country is just peachy.

Pretending anyone who teaches facts you dont like and dont fit your failed ideas makes you so smart huh?


Calling me names is going to make this election a breaze for your party huh?


Facts mean nothing to this wing of your party and it will kill you in this election.
Anyone who thinks the stimulus has worked has blown their credibility right there.
 
The stimulus worked? Christ, I'd wager not even the companies making shovels did well in spite of all those "ready" jobs.

Remember that magical 8% unemployment line of bullshit?
 
So there you have it.


The right wingers put more stock into two guys with a word processor than they do with the CBO and the vast majority of the worlds economists.
 
2014 won't do Obama any good in 2012.

:)

2007 didn't do Bush much good in 2004, but he still won.

Claiming the healthy labor market returned 5 years after the end of the last recession kinda makes any claims about the current health of the labor market look rather...eh...stupid, no?


By the end of 2004, total employed was back up to where it was when Bush was elected.

That's because before Bush was elected we had lost very few jobs. But lets not have facts get in the way of partisan hacks. In fact, throughout the year 2000 net job creation was positive.
 
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The stimulus worked? Christ, I'd wager not even the companies making shovels did well in spite of all those "ready" jobs.

Remember that magical 8% unemployment line of bullshit?

Wasn't the stimulus supposed to rebuild our infrastructure? What happened? It's still crumbling.
 
The stimulus worked? Christ, I'd wager not even the companies making shovels did well in spite of all those "ready" jobs.

Remember that magical 8% unemployment line of bullshit?

Wasn't the stimulus supposed to rebuild our infrastructure? What happened? It's still crumbling.

The republicans threw a fit and demanded a shit load of the money should be tax cuts instead.
 
you dont even know who the cbo is do you?



the cbo is not a who, it's a what.

And some more information for those who are not reality challenged:

the decline in layoffs is not unexpected and does not necessarily reflect labor-market health. Layoffs tend to occur early in a recession. When an economy has reached bottom and has already shed much of its labor, layoffs slow. But that doesn't mean that the labor force is recovering. We could have high unemployment and a stagnant labor force even when layoffs are low. Isn't the fact that hires exceed separations indicative of a healthy labor market? Unfortunately, no.

At any point in the business cycle, even during a recession, american firms still hire a huge number of workers. That's because most of the action in the labor market reflects "churn," the continual process of replacing workers, not net expansion or contraction of employment. The lowest number hired in any month of the current recession was 3.6 million workers. Even during the dismal year of 2009 there were more than 45 million hires.

Bear in mind that the u.s. Labor force has more than 150 million workers or job seekers. In a typical year, about one-third or more of the work force turns over, leaving their old jobs to take new ones. When the labor market creates 200,000 jobs, it is because five million are hired and 4.8 million are separated, not because there were 200,000 hires and no job losses. When we're talking about numbers as large as five million, the net of 200,000 is small and may reflect minor, month-to-month variations in the number of hires or separations.

the third fact puts this in perspective. In a healthy labor market like the one that prevailed in 2006 and early 2007, american firms hire about 5.5 million workers per month. Recall that the current number of hires is four million and it has not moved much from where it was two years ago. The labor market does not feel like it is expanding if hiring is not occurring at a recovery-level pace—and that means at least a half million more hires per month than we are seeing now.

the combination of low hiring and a large stock of unemployed workers, now 13.7 million, means that the competition for jobs is fierce. Because there are now many more unemployed workers, and because hiring is only about 70% of 2006 levels, a worker is about one-third as likely to find a job today as he or she was in 2006. It is no wonder that workers do not feel that the labor market has recovered.


edward p. Lazear: Why the job market feels so dismal - wsj.com

opinion

Agreed. She cites the WSJ/RuprtNews as an objective source LOLOL
 
The stimulus worked? Christ, I'd wager not even the companies making shovels did well in spite of all those "ready" jobs.

Remember that magical 8% unemployment line of bullshit?

Wasn't the stimulus supposed to rebuild our infrastructure? What happened? It's still crumbling.

The republicans threw a fit and demanded a shit load of the money should be tax cuts instead.

The Democrats had a thing called a super majority. They didn't need one Republican vote.

And now a real wakeup call for you. Obama excluded the Republicans when writing the stimulus package. Or did that element of truth escape you?
 
Pretending the stimulus did not work is just the thing that will work for your party.

Pretending global warming isnt happening is great too.

Pretending every news station but Fox lies works too.

Pretending higher education will ruin this country is just peachy.

Pretending anyone who teaches facts you dont like and dont fit your failed ideas makes you so smart huh?


Calling me names is going to make this election a breaze for your party huh?


Facts mean nothing to this wing of your party and it will kill you in this election.

Fact, everything you just said is a lie.
 

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