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There was no promise of an an unemployment rate of less than 8%. There was an economic projection, not a goal, nor a promise of anything.
The report projected that the stimulus plan proposed by Obama would create between three and four million jobs by the end of 2010. The report also includes a graphic predicting unemployment rates with and without the stimulus. Without the stimulus (the baseline), unemployment was projected to hit about 8.5 percent in 2009 and then continue rising to a peak of about 9 percent in 2010. With the stimulus, they predicted the unemployment rate would peak at just under 8 percent in 2009.
Look at the actual report.
http://www.thompson.com/images/thompson/nclb/openresources/obamaeconplanjan9.pdf
There was no promise of an an unemployment rate of less than 8%. There was an economic projection, not a goal, nor a promise of anything.Hmmm.,...and please tell me who those private forecasters were.
Did they identify them...or are they "un-named sources".
Jeez...I give up.
The posted quote is directly from the Romer report that you claimed is unimpeachable irrefutable absolutely reliable proof that an 8% unemployment rate was promised.
Are you saying that report's information cannot be trusted as reliable?
The report projected that the stimulus plan proposed by Obama would create between three and four million jobs by the end of 2010. The report also includes a graphic predicting unemployment rates with and without the stimulus. Without the stimulus (the baseline), unemployment was projected to hit about 8.5 percent in 2009 and then continue rising to a peak of about 9 percent in 2010. With the stimulus, they predicted the unemployment rate would peak at just under 8 percent in 2009.
Look at the actual report.
http://www.thompson.com/images/thompson/nclb/openresources/obamaeconplanjan9.pdf
again...
I guess that includes Christina Romer, huh...
Outgoing Obama Admin Economist admits Stimulus Failed
...and the current VP...
Slow Joe Biden Says Stimulus Failed Because Economy was Worse than Thought
...and Sen. Landrieu...
Sen. Mary Landrieu (D-LA) Admits That Obamas Stimulus Has Fallen Short Of Expectations
Dip shit.The only people who doubt the stimulus worked are right wing hacks.
The same ones who deny science to retain their historically failed ideas.
Hmmm.,...and please tell me who those private forecasters were.
Did they identify them...or are they "un-named sources".
Jeez...I give up.
The posted quote is directly from the Romer report that you claimed is unimpeachable irrefutable absolutely reliable proof that an 8% unemployment rate was promised.
Are you saying that report's information cannot be trusted as reliable?
I am saying that when a politician or a staff member sites "un-named" sources for the reason they should push a policy, I have reason to doubt the need for the policy.
FYI....posting it a second time will result in the exact same response you got from the first time
The posted quote is directly from the Romer report that you claimed is unimpeachable irrefutable absolutely reliable proof that an 8% unemployment rate was promised.
Are you saying that report's information cannot be trusted as reliable?
I am saying that when a politician or a staff member sites "un-named" sources for the reason they should push a policy, I have reason to doubt the need for the policy.
FYI....posting it a second time will result in the exact same response you got from the first time
She cited the wide variations in forecasts to make the point that they could NOT promise 8% unemployment.
There was no promise of an an unemployment rate of less than 8%. There was an economic projection, not a goal, nor a promise of anything.Hmmm.,...and please tell me who those private forecasters were.
Did they identify them...or are they "un-named sources".
Jeez...I give up.
The posted quote is directly from the Romer report that you claimed is unimpeachable irrefutable absolutely reliable proof that an 8% unemployment rate was promised.
Are you saying that report's information cannot be trusted as reliable?
The report projected that the stimulus plan proposed by Obama would create between three and four million jobs by the end of 2010. The report also includes a graphic predicting unemployment rates with and without the stimulus. Without the stimulus (the baseline), unemployment was projected to hit about 8.5 percent in 2009 and then continue rising to a peak of about 9 percent in 2010. With the stimulus, they predicted the unemployment rate would peak at just under 8 percent in 2009.
Look at the actual report.
http://www.thompson.com/images/thompson/nclb/openresources/obamaeconplanjan9.pdf
Absolutely. On the second page of the report it says "It should be understood that all of the estimates presented in this memo are subject to significant margins of error." Economic projections are not promises or goals. They're just estimates. No one could project exactly how much unemployment would decline.There was no promise of an an unemployment rate of less than 8%. There was an economic projection, not a goal, nor a promise of anything.
The report projected that the stimulus plan proposed by Obama would create between three and four million jobs by the end of 2010. The report also includes a graphic predicting unemployment rates with and without the stimulus. Without the stimulus (the baseline), unemployment was projected to hit about 8.5 percent in 2009 and then continue rising to a peak of about 9 percent in 2010. With the stimulus, they predicted the unemployment rate would peak at just under 8 percent in 2009.
Look at the actual report.
http://www.thompson.com/images/thompson/nclb/openresources/obamaeconplanjan9.pdf
So, you're saying that the report the Obama administration used to push the stimulus...
the one with the 'unemployment rate would peak at just under 8 percent in 2009' chart...
was just a projection and not meant to reflect reality?
Absolutely. On the second page of the report it says "It should be understood that all of the estimates presented in this memo are subject to significant margins of error." Economic projections are not promises or goals. They're just estimates. No one could project exactly how much unemployment would decline.There was no promise of an an unemployment rate of less than 8%. There was an economic projection, not a goal, nor a promise of anything.
The report projected that the stimulus plan proposed by Obama would create between three and four million jobs by the end of 2010. The report also includes a graphic predicting unemployment rates with and without the stimulus. Without the stimulus (the baseline), unemployment was projected to hit about 8.5 percent in 2009 and then continue rising to a peak of about 9 percent in 2010. With the stimulus, they predicted the unemployment rate would peak at just under 8 percent in 2009.
Look at the actual report.
http://www.thompson.com/images/thompson/nclb/openresources/obamaeconplanjan9.pdf
So, you're saying that the report the Obama administration used to push the stimulus...
the one with the 'unemployment rate would peak at just under 8 percent in 2009' chart...
was just a projection and not meant to reflect reality?
What was certain was that if you send hundreds of billions to the states and local communities to save and create jobs, it will have a positive effect on unemployment as it did in this case.
In critiquing an economic decision by government, the question should be asked what were the alternatives considering the circumstances at the time. We could have lowered interest rates except they were at or near zero. We could have had a massive tax cut instead of the relatively minor payroll tax cut. However, due to the huge deficits caused by previous tax cuts and TARP plus economists warning that business might not respond, it would not have been logical to pursue this. With job disappearing at a rate of 600,000/mo and likely to reach a million if no action were soon. The only reasonable option was the job stimulus bill.
The only people who doubt the stimulus worked are right wing hacks.
The same ones who deny science to retain their historically failed ideas.
The ONLY people claiming the stimulus did not work are partisan hacks.
Every other unbiased source says they worked.
yeah thats why business, since the stimulus, is down 30%....because it worked so good?
Thats why unemployment is still at 9%
Thats also why the markets are so volitile.
Or was the intention of the administration and democrat congress to hurt the economy? That would be the only way you can say it worked.
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
enjoy the soma.
The car industry is now one of the few areas in the economy doing well.
If Obama had not bailed them out where would we be?
So we should consider economic estimates a lie if they are not 100% correct?Absolutely. On the second page of the report it says "It should be understood that all of the estimates presented in this memo are subject to significant margins of error." Economic projections are not promises or goals. They're just estimates. No one could project exactly how much unemployment would decline.So, you're saying that the report the Obama administration used to push the stimulus...
the one with the 'unemployment rate would peak at just under 8 percent in 2009' chart...
was just a projection and not meant to reflect reality?
What was certain was that if you send hundreds of billions to the states and local communities to save and create jobs, it will have a positive effect on unemployment as it did in this case.
In critiquing an economic decision by government, the question should be asked what were the alternatives considering the circumstances at the time. We could have lowered interest rates except they were at or near zero. We could have had a massive tax cut instead of the relatively minor payroll tax cut. However, due to the huge deficits caused by previous tax cuts and TARP plus economists warning that business might not respond, it would not have been logical to pursue this. With job disappearing at a rate of 600,000/mo and likely to reach a million if no action were soon. The only reasonable option was the job stimulus bill.
In other words... they lied. They used false information... made up numbers to push their agenda.
Had Republicans done that, Dems would be screaming Holy Hell.
The only people who doubt the stimulus worked are right wing hacks.
The same ones who deny science to retain their historically failed ideas.
Just think
EVERY Republican voted against saving our auto industry
So we should consider economic estimates a lie if they are not 100% correct?Absolutely. On the second page of the report it says "It should be understood that all of the estimates presented in this memo are subject to significant margins of error." Economic projections are not promises or goals. They're just estimates. No one could project exactly how much unemployment would decline.
What was certain was that if you send hundreds of billions to the states and local communities to save and create jobs, it will have a positive effect on unemployment as it did in this case.
In critiquing an economic decision by government, the question should be asked what were the alternatives considering the circumstances at the time. We could have lowered interest rates except they were at or near zero. We could have had a massive tax cut instead of the relatively minor payroll tax cut. However, due to the huge deficits caused by previous tax cuts and TARP plus economists warning that business might not respond, it would not have been logical to pursue this. With job disappearing at a rate of 600,000/mo and likely to reach a million if no action were soon. The only reasonable option was the job stimulus bill.
In other words... they lied. They used false information... made up numbers to push their agenda.
Had Republicans done that, Dems would be screaming Holy Hell.
"So when someone says it "Worked" They are being very Generous. It Most Certainly did not keep Unemployment below% as we were Promised. It has never came close to adding the 500k Jobs a month we were Promised. Only a small Percentage of new Jobs created since the Stimulus are Private Sector Jobs."
Of course it worked. The % was 7.8 when it passed. The gov't has lost 500k jobs,so THAT's BS too. Turn off the BS.
"What friggen cracks me up...Obama BAILED out ONE CAR company but that means HE SAVED THE AUTO INDUSTRY..my gawd.."
One? Why do we even talk to you brainwashed morons?
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
