Bloomberg: Economist are positive about Obama's jobs plan

Discussion in 'Economy' started by kiwiman127, Sep 28, 2011.

  1. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    The news service surveyed economists and found them to be overwhelmingly positive on the jobs act, predicting anywhere from a 1.3 percent to a 2 percent boost to the nation's economy if it passes, preventing a recession in 2012. As the Washington Times' Steve Benen points out, "support for the American Jobs Act continues to be much stronger among economists than members of Congress." It gets even better for the White House: the economists Bloomberg surveyed said Republican plans would actually push the economy back toward recession. "A reduction in government spending, the end of the payroll-tax holiday and an expiration of extended unemployment benefits would cut GDP by 1.7 percent in 2012, according to JPMorgan Chase & Co. chief U.S. economist Michael Feroli in New York.Economists Like the Jobs Act a Lot More Than Congress - Politics - The Atlantic Wire
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    Thoughts?
     
    Last edited: Sep 28, 2011
  2. Dragon
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    Dragon Senior Member

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    Well, that's because economists actually know something, on occasion, about economics, and do not confuse that subject with right-wing ideology. What a concept!
     
  3. Quantum Windbag
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    Quantum Windbag Gold Member

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    It is interesting that the author of the article chose to actually lie about what the economists said.

    Obama Plan Prevents 2012 Recession: Economists - Bloomberg

    I will also point out that a survey of 34 economists is hardly inspiring in the depth it reaches.
     
  4. expat_panama
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    expat_panama Silver Member

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    Reminds me of surveys of 'scientists' on global warming...
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Bloomberg needs to buy an Island somewhere and make himself King
     
  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Yeah..what they really should have asked were the Tea Party..


    Or Herman Cain.

    [ame=http://www.youtube.com/watch?v=PtjdHaMeiiQ]1986 Earl Scheib commercial - YouTube[/ame]
     
  7. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    :lol:

    Wishing away the Capitalists..are ya?

    :clap2:
     
  8. Quantum Windbag
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    Quantum Windbag Gold Member

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    Or some of the economists who disagree with Obama and Bloomberg.
     
  9. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    Yeah, I went to the Bloomberg piece and it's true the author for The Atlantic cherry picked his numbers, so it wasn't so much as a lie, but certainly misrepresentation.
    My apologies. :redface:
    Typically, The Atlantic is very reliable, this certainly isn't up to their standards.
     
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  10. Truthmatters
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    Truthmatters BANNED

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    The facts in the article is the economists say it will help the economy.

    That is not in dispute
     

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