CBO: Effects of the Stimulus Spending Are Now 'Diminishing'

Discussion in 'Economy' started by ScreamingEagle, Nov 30, 2010.

  1. ScreamingEagle
    Offline

    ScreamingEagle Gold Member

    Joined:
    Jul 5, 2004
    Messages:
    12,887
    Thanks Received:
    1,610
    Trophy Points:
    245
    Ratings:
    +2,159
    Obama's big stimulus PEAKED during the "Summer of Recovery".....:lol:....

    Does anybody question that it's time for the Republicans to take over....?

     
    • Thank You! Thank You! x 2
  2. WillowTree
    Online

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,155
    Thanks Received:
    10,166
    Trophy Points:
    2,030
    Ratings:
    +14,727
    A trillion dollars pissed away. For what? For what? For what?
     
  3. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,812
    Thanks Received:
    12,777
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,814
    This is hardly a revelation to anyone who understands economics in the first place.
     
    • Thank You! Thank You! x 1
  4. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    there was a big oil spill right in the middle of that summer.

    That doesnt mean anything right?
     
  5. WillowTree
    Online

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,155
    Thanks Received:
    10,166
    Trophy Points:
    2,030
    Ratings:
    +14,727
    I think the trillion was pissed away before the oil was spilled moron. Whatever that means.
     
  6. ScreamingEagle
    Offline

    ScreamingEagle Gold Member

    Joined:
    Jul 5, 2004
    Messages:
    12,887
    Thanks Received:
    1,610
    Trophy Points:
    245
    Ratings:
    +2,159
    yep....but socialist/communists don't understand economics....
     
  7. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    concludes that the Recovery Act raised the GDP, lowered unemployment, and increased the number of people with jobs
     
  8. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Jobs: CBO counts them differently than the Recovery Act, but concludes based on economic models that in just the third quarter, July through September, stimulus spending “increased the number of people employed by between 1.4 million and 3.6 million.” (Vice President Biden claims “millions” of jobs have been created and at one point forecast 500 thousand additional jobs a month, an optimistic prediction that did not come true in monthly government reports.)

    Impact: Without declaring the impact over, CBO estimates 70% of the budget impact ended with fy2010. It suggests the impact on growth peaked and is now “diminishing” and the impact on unemployment will “wane gradually” in the current fourth quarter.
     
  9. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,244
    Thanks Received:
    14,915
    Trophy Points:
    2,210
    Ratings:
    +37,029
    Krugman think the stimulus needed to be bigger like um $2 trillion or $4 trillion, maybe $6 trillion and then unemployment would have plummeted to 9.5%
     
    • Thank You! Thank You! x 1
  10. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,244
    Thanks Received:
    14,915
    Trophy Points:
    2,210
    Ratings:
    +37,029
    The Stimulus saved or created ( fill in the blank) jobs.
     
    • Thank You! Thank You! x 1

Share This Page