CBO: Obama stimulus still boosting jobs

[PLYMCO_PILGRIM]

Unemployment continued to rise with the stimulus.

There is no room for truth in a politically motivated and biased thread!

 

[Jarhead]

A private sector job is still a job

if you understood the mindset of the American worker, you would understand that a temporary job is no more valuable to the economy than that same empoloyee being on unemployment.

And if you understood the labor market, you would be aware that an employee on a temporary job that exists ONLY becuase of government injection of money actually hampers that employees chances of getting a permanent job.

But alas, you do not understand the mindset of the American worker nor do you understand the labor market.

 

[AmericanFirst]

the right just keeps lying at every turn

The left opens mouth and farts lies out all the time. Your fav president, clinton proved it.

 

[Truthmatters]

the only people any of you on the right believe are right woing sources.

You are worthless to any adult debate

 

[AmericanFirst]

A private sector job is still a job

if you understood the mindset of the American worker, you would understand that a temporary job is no more valuable to the economy than that same empoloyee being on unemployment.

And if you understood the labor market, you would be aware that an employee on a temporary job that exists ONLY becuase of government injection of money actually hampers that employees chances of getting a permanent job.

But alas, you do not understand the mindset of the American worker nor do you understand the labor market.

Socialists can never understand the American way.

 

[Jarhead]

the only people any of you on the right believe are right woing sources.

You are worthless to any adult debate

I am my own source.

I make a nice living studying the labor market and advising based on what I evaluate

I also have the responsibility to evaluate different markets and how companies can make an impact in their respective markets.

TM...I have forgotten more than you will ever know as it pertains to these subjects.

Dont try to debate me....your talking points are weak and I will make them look foolish...and you will likely run from the thread.

Just sayin'

 

[Conservative]

Nice try...but the unemployment rate was already over 8% when the stimulus passed

The Unemployment rate was 8.2% when Obama signed the 'crapulus' bill into law in Fed 2009. We were told it would keep the rate from going above that level.

Since it was signed, the rate was below 9% only 4 of the 28 months that have passed.

Bureau of Labor Statistics Data

It did shit to the rate.

 

[Truthmatters]

Did the stimulus work? A review of the nine best studies on the subject - Ezra Klein - The Washington Post



The stimulus worked and the ONLY people saying it did not is partisan hacks on the right

 

[Avorysuds]

A private sector job is still a job

TM, you don't even have a job or an education to speak of... So of course you think you understand how to create job and believe education is important and attack anyone (other than yourself) that does not have a "higher education." Actually you attack them even if they do create jobs and have lots of college education as long as they are white or Republican and don’t agree with a muppet like you.

 

[FA_Q2]

Obama's 2009 stimulus is still boosting jobs

The $825 billion economic stimulus law signed by President Obama in February 2009 is still having a positive impact on the economy some 30 months later, according to the nonpartisan Congressional Budget Office.

In its latest quarterly report, the agency said the law's combination of aid to states and localities, public works projects, tax cuts and other spending increased the number of people with jobs by 1 million to 2.9 million between April and June of this year.

It said the law lowered the unemployment rate for that quarter by 0.5 to 1.6 percentage points -- meaning the rate could have been above 10% without the law's stimulative provisions. And it said the law boosted economic growth in that quarter by 0.8% to 2.5%.





And to think....EVERY Republican voted against the stimulus

That would be nice if the CBO was actually reporting how many jobs the stimulus created but the fact is that is NOT what the CBO does:
From their own page:

Those estimates—which CBO considers more comprehensive than the recipients' reports—are based on evidence from similar policies enacted in the past and on the results of various economic models.

In other words, this is based on MODELS and not on actual jobs created. This has already been addressed in the first quarterly reports:
CBO Admits their Stimulus Jobs Count Ignored the Economy

When asked if this means that any actual underperformance of the stimulus would fail to show up in the CBO's stimulus jobs count, Elmendorf replied "That's right." This means the 1.5 million jobs saved estimate was pre-determined.

From the directors own mouth - actual performance has nothing to do with the numbers the CBO releases in their quarterly reports.

 

[Jarhead]

Nice try...but the unemployment rate was already over 8% when the stimulus passed

The Unemployment rate was 8.2% when Obama signed the 'crapulus' bill into law in Fed 2009. We were told it would keep the rate from going above that level.

Since it was signed, the rate was below 9% only 4 of the 28 months that have passed.

Bureau of Labor Statistics Data

It did shit to the rate.

funny thing...

During the Bush years (prior to the recession), the unemployment numbers barely moved from the 4.3-5.2 range.....and that is why the left claim that no jobs were created.

Yet under Obama, the unemployment rate went from 8% to 10% and now still at 9% and that is NOT an indication of no jobs created. To the contrary, that is an indication of MANY jobs created.

The hypocirsy is amusing...I mean...you cant make this stuff up.

 

[NYcarbineer]

A private sector job is still a job

if you understood the mindset of the American worker, you would understand that a temporary job is no more valuable to the economy than that same empoloyee being on unemployment.

What retard told you that?

So the millions of temporay jobs that come along every holiday season, or every summer when construction ramps up for example,

those jobs are of NO VALUE to the economy...according to you.

You may be the most stupid poster on this forum.

 

[rightwinger]

Nice try...but the unemployment rate was already over 8% when the stimulus passed

The Unemployment rate was 8.2% when Obama signed the 'crapulus' bill into law in Fed 2009. We were told it would keep the rate from going above that level.

Since it was signed, the rate was below 9% only 4 of the 28 months that have passed.

Bureau of Labor Statistics Data

It did shit to the rate.

When were you told that stimulus would keep unemployment below 8%??

Lets see the quote

 

[PLYMCO_PILGRIM]

A private sector job is still a job

TM, you don't even have a job or an education to speak of... So of course you think you understand how to create job and believe education is important and attack anyone (other than yourself) that does not have a "higher education." Actually you attack them even if they do create jobs and have lots of college education as long as they are white or Republican and don’t agree with a muppet like you.

She has a job....what do you think she is doing posting here for MediaMatters?

 

[Jarhead]

it does not take rocket science to know that if you take a half a trillion dollars and dedicate it to creating jobs, it will create jobs.

That was never the issue.

Really? Are you retarded? btw that's a rhetorical question.

"The stimulus has not created one private sector job." Gov. Rick Scott, 2010

PolitiFact Florida | Rick Scott says the stimulus didn't create a single private sector job

"You know, after the $1 trillion dollars stimulus bill that didn’t create any jobs..." Boehner

"The Obama stimulus has been a monumental failure that hasn't created a single job..." Newt Gingrich

Gingrich And Boehner Argue Stimulus Is A ‘Failure’ That Hasn’t Created ‘A Single Job’ | ThinkProgress

"The last stimulus bill didn’t create one new job..." Scott Brown

PolitiFact | Scott Brown says stimulus 'didn't create one new job'

Etc., etc.

No, that was never the issue, except when it was.

So you felt the need to repost this even though I responded to you the first time.

Shows a weakness in your position.

 

[PLYMCO_PILGRIM]

Nice try...but the unemployment rate was already over 8% when the stimulus passed

The Unemployment rate was 8.2% when Obama signed the 'crapulus' bill into law in Fed 2009. We were told it would keep the rate from going above that level.

Since it was signed, the rate was below 9% only 4 of the 28 months that have passed.

Bureau of Labor Statistics Data

It did shit to the rate.

funny thing...

During the Bush years (prior to the recession), the unemployment numbers barely moved from the 4.3-5.2 range.....and that is why the left claim that no jobs were created.

Yet under Obama, the unemployment rate went from 8% to 10% and now still at 9% and that is NOT an indication of no jobs created. To the contrary, that is an indication of MANY jobs created.

The hypocirsy is amusing...I mean...you cant make this stuff up.

Astute observation. good job connecting the dots and exposing hypocrisy

 

[NYcarbineer]

Nice try...but the unemployment rate was already over 8% when the stimulus passed

The Unemployment rate was 8.2% when Obama signed the 'crapulus' bill into law in Fed 2009. We were told it would keep the rate from going above that level.

Since it was signed, the rate was below 9% only 4 of the 28 months that have passed.

Bureau of Labor Statistics Data

It did shit to the rate.

It kept the rate from going to 11% or more.

 

[NYcarbineer]

it does not take rocket science to know that if you take a half a trillion dollars and dedicate it to creating jobs, it will create jobs.

That was never the issue.

Really? Are you retarded? btw that's a rhetorical question.

"The stimulus has not created one private sector job." Gov. Rick Scott, 2010

PolitiFact Florida | Rick Scott says the stimulus didn't create a single private sector job

"You know, after the $1 trillion dollars stimulus bill that didn’t create any jobs..." Boehner

"The Obama stimulus has been a monumental failure that hasn't created a single job..." Newt Gingrich

Gingrich And Boehner Argue Stimulus Is A ‘Failure’ That Hasn’t Created ‘A Single Job’ | ThinkProgress

"The last stimulus bill didn’t create one new job..." Scott Brown

PolitiFact | Scott Brown says stimulus 'didn't create one new job'

Etc., etc.

No, that was never the issue, except when it was.

I said "create jobs" not "create private sector jobs"

The truth is, the stimulus created temporary jobs....not real jobs. The jobs are only as good as long as the money lasts. It did nothing poisitive for creating permanent private sector jobs.

And no...I am not retarded. To the contrary, I am quite intelligent with a degree from Syracuse University in Economics (Maxwell School of Citizenship) and have run 3 companies of which one I sold after 5 years and the other two are surviving nicely during these difficult times.

You're an idiot and an asshole and if you have a degree from SU you must have sucked cock to get it because you are clueless when it comes to economics.

 

[Jarhead]

A private sector job is still a job

if you understood the mindset of the American worker, you would understand that a temporary job is no more valuable to the economy than that same empoloyee being on unemployment.

What retard told you that?

So the millions of temporay jobs that come along every holiday season, or every summer when construction ramps up for example,

those jobs are of NO VALUE to the economy...according to you.

You may be the most stupid poster on this forum.

It is basic labor information you dickhead.

One who takes a temporary job but wants a permanent job, sees the temporary job as a means of income that he or she would othewrwise have via unemployment insurance...but as you know, your UI is deferred if working a temporary job.

When one is on a temporary job, as when on UI, one does not spend the same as if he/she were on a permanent job as one knows such income is temporary and thus concern of losing that income exists

So if one only spends 200 a week while on unemployment, and then gets a temp job from tax money...he will still only spend 200 a week

SO nothing changes...tax money is paying him...and he is still spending only 200 a week.

I suggest you understand the mindset of the wage earner before commenting.

You are making an ass of yourself.

 

[NYcarbineer]

Nice try...but the unemployment rate was already over 8% when the stimulus passed

The Unemployment rate was 8.2% when Obama signed the 'crapulus' bill into law in Fed 2009. We were told it would keep the rate from going above that level.

Since it was signed, the rate was below 9% only 4 of the 28 months that have passed.

Bureau of Labor Statistics Data

It did shit to the rate.

When were you told that stimulus would keep unemployment below 8%??

Lets see the quote

They were never told that, but they've definitely been told to say that.