CBO: Stimulus saved between 5 to 25 million jobs

My clients told me.

You would have to be pretty stupid to think that giving people an $8,000 tax incentive would not be pretty motivating.

Even IF your being honest its no different than the cash for clunkers program. It was a shot of adrenaline that had 0 lasting effects and served to help no one that truly needed help. You know, the poor and people who lost their jobs. It was a complete waste of our money and only served to lengthen our trip to the bottom.

It's you're, not your.

No, it was not a waste of money.

When an economy is in a deflationary spiral, the government MUST be the demand of last resort.

The stimulus turned the economy around, and it has been moving slowly in the right direction ever since.

The stimulus was meant to reverse an economic collapse and prime the economic pump with an influx of cash. It was successful at both

What Republicans object to is the stimulus ran it's course and stopped helping the economy.
 
dow_jones_industrial_average_during_the_obama_administration.png

Notice how the stimulus kicked in Feb 2009?
 
Chris don't for get all the records Obama's set!

First downgrade ever
Debt
Deficits
Poverty
Homelessness
Food Stamps
Unemployment
 
Even IF your being honest its no different than the cash for clunkers program. It was a shot of adrenaline that had 0 lasting effects and served to help no one that truly needed help. You know, the poor and people who lost their jobs. It was a complete waste of our money and only served to lengthen our trip to the bottom.

It's you're, not your.

No, it was not a waste of money.

When an economy is in a deflationary spiral, the government MUST be the demand of last resort.

The stimulus turned the economy around, and it has been moving slowly in the right direction ever since.

The stimulus was meant to reverse an economic collapse and prime the economic pump with an influx of cash. It was successful at both

What Republicans object to is the stimulus ran it's course and stopped helping the economy.

oh it had a lasting effect. It's called inflation and we are paying for it everyday.
 
Even IF your being honest its no different than the cash for clunkers program. It was a shot of adrenaline that had 0 lasting effects and served to help no one that truly needed help. You know, the poor and people who lost their jobs. It was a complete waste of our money and only served to lengthen our trip to the bottom.

It's you're, not your.

No, it was not a waste of money.

When an economy is in a deflationary spiral, the government MUST be the demand of last resort.

The stimulus turned the economy around, and it has been moving slowly in the right direction ever since.

The stimulus was meant to reverse an economic collapse and prime the economic pump with an influx of cash. It was successful at both

What Republicans object to is the stimulus ran it's course and stopped helping the economy.

wtf? wheres this success? prime what? a 2% gdp and 9% unemployment? is that it? wheres the 'recovery' ?
 
President Barack Obama’s 2009 economic stimulus bill which was passed in Congress during the first month of his Administration and which received opposition from all but three Congressional Republicans has thus far resulted in the employment for 5 million or more Americans according to the Congressional Budget Office’s 2011 third quarter ARRA accounting report released on Tuesday.

“The American Recovery and Reinvestment Act” (ARRA) was passed and enacted in February of 2009 and contained approximately $800 billion in stimulus programs, tax cuts and tax incentives to help the economy, which at the time was losing almost one million jobs a month.

In the CBO report, “Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from July 2011 Through September 2011,” a breakdown by year shows that the ARRA created or saved from 5 million to 25.4 million jobs from March 2009 through September 2011, as follows:

2009:a low estimate of .9 million jobs to a high estimate of 3.6 million jobs
2010:a low estimate of 2.6 million jobs to a high estimate of 13.2 million jobs
2011:a low estimate of 1.5 million jobs to a high estimate of 8.6 million jobs

In addition, according to the CBO, the stimulus is expected to help create or save another .3million to 2 million jobs in the fourth quarter of 2011, another .8 million to 4.6 million jobs in 2012.

CBO states Obama economic stimulus created or saved 5 million or more jobs - National liberal | Examiner.com

:lmao: we cant prove it by anything measurable. CERTAINLY NOT WITH HARD NUMBERS.
 
It definitely saved my job.

And I don't work for the government.

You do know that half the stimulus was tax cuts, right?

how did it save your job, exactly?

The first time home buyers tax incentive.

It saved the real estate industry.






Say what??? Foreclosures are at an alltime high, property values have dropped 50 to 60 percent and that is your version of "saved".

You're clueless.
 
4th time- how did it save your job?

Once the first time home buyers tax incentive kicked in, people started buying again.

Artificial GDP numbers. Not to mention that first time buyers had so little impact I am laughing at you.

Guess what.. I build them.

First-time home buyers reached the highest market share on record during the past year, according to the latest consumer survey of home buyers and sellers. The study was released here today at the 2009 REALTORS® Conference & Expo.

The 2009 National Association of Realtors® Profile of Home Buyers and Sellers is the latest in a series of large national NAR surveys evaluating demographics, preferences, marketing and experiences of recent home buyers and sellers. Among national surveys, NAR’s Profile of Home Buyers and Sellers is unprecedented in size and scope.

Paul Bishop, NAR vice president of research, said several factors have been at play. “Tax incentives, record high affordability conditions and a pent-up demand brought a record share of first-time home buyers into the market,” he said. “These buyers are critical to housing and a general economic recovery because the market always heals from the bottom up – they absorb inventory, free existing owners to make a trade and stimulate related goods and services.”

The number of first-time home buyers rose to 47 percent of all home sales from 41 percent of transactions in last year’s study, and was the highest on record dating back to 1981. The previous high was 44 percent in 1991. “It’s interesting to note the last cyclical peak of first-time home buyers was during the last noteworthy economic downturn, with first-time buyers starting the chain reaction that led the nation out of recession,” Bishop said.

NAR Survey Shows First-Time Home Buyers Set Record in Past Year
 
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It's you're, not your.

No, it was not a waste of money.

When an economy is in a deflationary spiral, the government MUST be the demand of last resort.

The stimulus turned the economy around, and it has been moving slowly in the right direction ever since.

The stimulus was meant to reverse an economic collapse and prime the economic pump with an influx of cash. It was successful at both

What Republicans object to is the stimulus ran it's course and stopped helping the economy.

oh it had a lasting effect. It's called inflation and we are paying for it everyday.

The Consumer Price Index for All Urban Consumers (CPI-U) decreased
0.1 percent in October on a seasonally adjusted basis, the U.S.
Bureau of Labor Statistics reported today


Consumer Price Index Summary
 
Once the first time home buyers tax incentive kicked in, people started buying again.

Artificial GDP numbers. Not to mention that first time buyers had so little impact I am laughing at you.

Guess what.. I build them.

First-time home buyers reached the highest market share on record during the past year, according to the latest consumer survey of home buyers and sellers. The study was released here today at the 2009 REALTORS® Conference & Expo.

The 2009 National Association of Realtors® Profile of Home Buyers and Sellers is the latest in a series of large national NAR surveys evaluating demographics, preferences, marketing and experiences of recent home buyers and sellers. Among national surveys, NAR’s Profile of Home Buyers and Sellers is unprecedented in size and scope.

Paul Bishop, NAR vice president of research, said several factors have been at play. “Tax incentives, record high affordability conditions and a pent-up demand brought a record share of first-time home buyers into the market,” he said. “These buyers are critical to housing and a general economic recovery because the market always heals from the bottom up – they absorb inventory, free existing owners to make a trade and stimulate related goods and services.”

The number of first-time home buyers rose to 47 percent of all home sales from 41 percent of transactions in last year’s study, and was the highest on record dating back to 1981. The previous high was 44 percent in 1991. “It’s interesting to note the last cyclical peak of first-time home buyers was during the last noteworthy economic downturn, with first-time buyers starting the chain reaction that led the nation out of recession,” Bishop said.

NAR Survey Shows First-Time Home Buyers Set Record in Past Year

My son being of those counted. Guess what? It wasnt the buyer credit. It was the fallen prices. KEEP FISHING.......... The overwhelming majority were existing homes.
 
The stimulus was meant to reverse an economic collapse and prime the economic pump with an influx of cash. It was successful at both

What Republicans object to is the stimulus ran it's course and stopped helping the economy.

oh it had a lasting effect. It's called inflation and we are paying for it everyday.

The Consumer Price Index for All Urban Consumers (CPI-U) decreased
0.1 percent in October on a seasonally adjusted basis, the U.S.
Bureau of Labor Statistics reported today


Consumer Price Index Summary

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave

2011 1.63% 2.11% 2.68% 3.16% 3.57% 3.56% 3.63% 3.77% 3.87% 3.53% NA NA NA 2010 2.63% 2.14% 2.31% 2.24% 2.02% 1.05% 1.24% 1.15% 1.14% 1.17% 1.14% 1.50% 1.64% 2009 0.03% 0.24% -0.38% -0.74% -1.28% -1.43% -2.10% -1.48% -1.29% -0.18% 1.84% 2.72% -0.34% 2008 4.28% 4.03% 3.98% 3.94% 4.18% 5.02% 5.60% 5.37% 4.94% 3.66% 1.07% 0.09% 3.85% 2007 2.08% 2.42% 2.78% 2.57% 2.69% 2.69% 2.36% 1.97% 2.76% 3.54% 4.31% 4.08% 2.85% 2006 3.99% 3.60% 3.36% 3.55% 4.17% 4.32% 4.15% 3.82% 2.06% 1.31% 1.97% 2.54% 3.24% 2005 2.97% 3.01% 3.15% 3.51% 2.80% 2.53% 3.17% 3.64% 4.69% 4.35% 3.46% 3.42% 3.39% 2004 1.93% 1.69% 1.74% 2.29% 3.05% 3.27% 2.99% 2.65% 2.54% 3.19% 3.52% 3.26% 2.68% 2003 2.60% 2.98% 3.02% 2.22% 2.06% 2.11% 2.11% 2.16% 2.32% 2.04% 1.77% 1.88% 2.27% 2002 1.14% 1.14% 1.48% 1.64% 1.18% 1.07% 1.46% 1.80% 1.51% 2.03% 2.20% 2.38% 1.59% 2001 3.73% 3.53% 2.92% 3.27% 3.62% 3.25% 2.72% 2.72% 2.65% 2.13% 1.90% 1.55% 2.83% 2000 2.74% 3.22% 3.76% 3.07% 3.19% 3.73% 3.66% 3.41% 3.45% 3.45% 3.45% 3.39% 3.38%

Current Inflation

Well that's a jumbled mess. Cut n paste is a bitch on this phone. Check the link
 
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