CBO: Stimulus Added Up To 3.3 Million Jobs

Discussion in 'Politics' started by Sundial, Nov 22, 2011.

  1. Sundial
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    Sundial Class Warrior

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    500k - 3.3 million seems like an awful wide range to me. It sounds like they may not be all that confident about what they're doing.
    CBO: Stimulus added up to 3.3M jobs - Josh Boak - POLITICO.com
     
  2. likeabird03
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    likeabird03 Active Member

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    Obviously micromanaging an economy is beyond the governments skill-set if they don't even have a clue about what effects their efforts have.
     
  3. Conservative
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    Conservative Type 40

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    that's a hell of a range. That's like asking your girlfriend how many guys she slept with before you, and having her say 'between 3 and 274'.
     
  4. Teals_Of_Wonder
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    Teals_Of_Wonder BANNED

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    you have to figure in at least a million new jobs in the prostitution field. what else could women do after losing their jobs in AGI, Lehman, and other financial institutions that collapsed thanks to the Obama Recession?
     
  5. ladyliberal
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    ladyliberal Progressive Princess

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    There's another thread based on this report, with a much different premise:

    http://www.usmessageboard.com/politics/195501-cbo-stimulus-a-net-drag-on-the-economy.html

    Naturally, I think Politico's take on the article is much more balanced than that of the Washington Times, but the report itself is fairly easy to skim if one wants to go straight to the source.

    The ranges are very broad. Macroeconomics is an incredibly inexact science, with many simple, fundamental questions (eg, "What would be the Keynesian multiplier of X?") lacking precise answers. The uncertainties are probably even somewhat broader than the CBO claims, since their model is simplified and experts tend to overestimate the precision of their conclusions. In fact, this report revises old numbers which claimed a smaller uncertainty in some values.
     
  6. auditor0007
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    auditor0007 Gold Member

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    God are you a tool.
     
  7. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Except even with these ridiculous ranges the report CLEARLY states that the CURRENT estimate is 200k to 1.1 million. So much for honest headlines.
     
  8. likeabird03
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    likeabird03 Active Member

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    The thing is - even if it created 1.1 million jobs, that's about $700,000.00 per job. Doesn't seem like a very good deal to me.
     

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