CBO: Stimulus saved between 5 to 25 million jobs

[Sundial]

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

Here's a clear picture:

Where's stimulus-inflation you were talking about?

 

[Chris]

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.

Who said anything about new homes or why your son bought?

The fact is that almost HALF the buyers in 2009 were first time home buyers many of whom bought because of the incentive.

 

[Mr Liberty]

Notice how the stimulus kicked in Feb 2009?

I thought it was supposed to keep unemployment below 8%?

Was it a Stock Market stimulus?

Yes. They are going to do it again, when the market drops to about 9000.

 

[Chris]

Notice how the stimulus kicked in Feb 2009?

I thought it was supposed to keep unemployment below 8%?

Was it a Stock Market stimulus?

Yes. They are going to do it again, when the market drops to about 9000.

Which it won't.

The economy is going to pick up next year, especially in the summer.

 

[CrusaderFrank]

Reagan Tax cuts saved between 20 to 80 million jobs

 

[Oddball]

Still trying to run with that totally phony "saved jobs" rubric, are we?

BTW, what did the CBO say about the long term net effect of the succubus on the the economy?

 

[Stephanie]

I thank the president and the Democrats AND Republicans in Congress who voted for it.

And the Chamber of Commerce for supporting it.

SO, you REFUSE TO THANK THE TAXPAYERS...I guess THE Obama and Congress has a damn MONEY TREE they plucked all that money off of.

Stephanie... Chris IS a taxpayer.

yeah and?

 

[Remodeling Maidiac]

I thought it was supposed to keep unemployment below 8%?

Was it a Stock Market stimulus?

Yes. They are going to do it again, when the market drops to about 9000.

Which it won't.

The economy is going to pick up next year, especially in the summer.

Summer of Recovery III The Economy Strikes Back?

 

[Remodeling Maidiac]

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

Here's a clear picture:

Where's stimulus-inflation you were talking about?

I gave you a chart that clearly shows it rising. Ignore it if you like.

 

[Mr Liberty]

I thought it was supposed to keep unemployment below 8%?

Was it a Stock Market stimulus?

Yes. They are going to do it again, when the market drops to about 9000.

Which it won't.

The economy is going to pick up next year, especially in the summer.

We've had this conversation before.
Corporate earnings have dropped 30%.
The stock market is down to $11200 and falling like a rock.
Extremely anti business President.
Real estate market is grossly over supplied.
China is showing signs of economic slow down.
European debt crisis is unsolved and unsustainable.
Inflation is beginning to accelerate.
This looks just like the economy of 1936.
This depression is different than the Great Depression in only that we now have seven billion people in the world. If the slow down reaches our food production, we are in real trouble.
You're wrong, Chris, terribly wrong.

 

[Sundial]

I gave you a chart that shows that inflation is low by historical standards, that it fell sharply just as the stimulus was kicking in, and that it is lower than it normally is. What are you seeing?

 

[Oddball]

I gave you a chart that shows that inflation is low by historical standards, that it fell sharply just as the stimulus was kicking in, and that it is lower than it normally is. What are you seeing?

Gold at $1700
Silver at $32
Oil hovering at $100
Gas at the pump still well over $3.00
Grocery prices going through the roof.

You going to believe some chart put out by people with a vested interest in lining their own pockets or your own lying eyes?

 

[Remodeling Maidiac]

I gave you a chart that shows that inflation is low by historical standards, that it fell sharply just as the stimulus was kicking in, and that it is lower than it normally is. What are you seeing?

We went into deflation shortly after the stimulus began. Since then it has been gradually rising. Is it critical? No. Is it a factor? Yes. Could it become critical? Yes.

No matter how hard you guys try you can't paint everything rosey. The economic condition of this country sucks, period. I see it everyday in my business and at the pump and on my grocery receipts.

 

[The T]

I thought it was supposed to keep unemployment below 8%?

Was it a Stock Market stimulus?

Yes. They are going to do it again, when the market drops to about 9000.

Which it won't.

The economy is going to pick up next year, especially in the summer.

What Brand of Crystal Ball do you have?

 

[Rozman]

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

I also saw a report that said the following.....
Using a template generated from a super computer from three of the largest University's
in the US the number of jobs the Obama administration Stimulus package saved was.

Anywhere from 1 to 100 million.

The accuracy of these super computers is within .00000000001 percent.
The computer programmers are confident that they have generated a report with exceptional accuracy.

When asked for a comment from an Obama administration official the response was that there would be a reply when they all get back from a trip to Mt.Rushmore where the President is posing for his likeness to be carved along side the others.

 

[Sundial]

Yes. They are going to do it again, when the market drops to about 9000.

Which it won't.

The economy is going to pick up next year, especially in the summer.

We've had this conversation before.
Corporate earnings have dropped 30%.
The stock market is down to $11200 and falling like a rock.
Extremely anti business President.
Real estate market is grossly over supplied.
China is showing signs of economic slow down.
European debt crisis is unsolved and unsustainable.
Inflation is beginning to accelerate.
This looks just like the economy of 1936.
This depression is different than the Great Depression in only that we now have seven billion people in the world. If the slow down reaches our food production, we are in real trouble.
You're wrong, Chris, terribly wrong.

Let's take this one at a time.

1. Corporate profits are at an all-time high:

2. The stock market was around 8000 when Obama took office. It's gone up about 40% since then. What point were you trying to make?

3. That Obama is an "extremely anti-business president" is purely a fantasy of the right-wing. There's no evidence to support it, and you've provided none.

4. Real estate is a form of real wealth. To say it's "over-supplied" is equivalent to saying we have too much wealth.

5. "China is showing signs of a slow-down." And?

6. "European debt crisis is unsolvable." Not true... but even if it was... ?

7. "Inflation is beginning to accelerate." Inflation was negative in the most recent month available (Oct. 2011).

8. "This looks just like the economy of 1936." <--- Absurd on its face. Do you know the unemployment rate in 1936? Average wages? Net wealth of households? Anything?

9. "This depression is different than the Great Depression in only that we now have seven billion people in the world." <--- Also absurd. What does the world population have to do with it?

Your score is 0/9.
You are wrong.
Terribly, terribly wrong.

 

[CrusaderFrank]

Which it won't.

The economy is going to pick up next year, especially in the summer.

We've had this conversation before.
Corporate earnings have dropped 30%.
The stock market is down to $11200 and falling like a rock.
Extremely anti business President.
Real estate market is grossly over supplied.
China is showing signs of economic slow down.
European debt crisis is unsolved and unsustainable.
Inflation is beginning to accelerate.
This looks just like the economy of 1936.
This depression is different than the Great Depression in only that we now have seven billion people in the world. If the slow down reaches our food production, we are in real trouble.
You're wrong, Chris, terribly wrong.

Let's take this one at a time.

1. Corporate profits are at an all-time high:

2. The stock market was around 8000 when Obama took office. It's gone up about 40% since then. What point were you trying to make?

3. That Obama is an "extremely anti-business president" is purely a fantasy of the right-wing. There's no evidence to support it, and you've provided none.

4. Real estate is a form of real wealth. To say it's "over-supplied" is equivalent to saying we have too much wealth.

5. "China is showing signs of a slow-down." And?

6. "European debt crisis is unsolvable." Not true... but even if it was... ?

7. "Inflation is beginning to accelerate." Inflation was negative in the most recent month available (Oct. 2011).

8. "This looks just like the economy of 1936." <--- Absurd on its face. Do you know the unemployment rate in 1936? Average wages? Net wealth of households? Anything?

9. "This depression is different than the Great Depression in only that we now have seven billion people in the world." <--- Also absurd. What does the world population have to do with it?

Your score is 0/9.
You are wrong.
Terribly, terribly wrong.

[ame=http://www.youtube.com/watch?v=iu-P_lK-NeU]Steve Wynn - "Obama greatest wet-blanket on jobs and business in my lifetime" - YouTube[/ame]

 

[Sundial]

SO, you REFUSE TO THANK THE TAXPAYERS...I guess THE Obama and Congress has a damn MONEY TREE they plucked all that money off of.

Stephanie... Chris IS a taxpayer.

yeah and?

And... the whole point of the stimulus is getting people working, creating goods and services, adding real wealth to the economy, creating more jobs for others, and paying taxes.

What's so hard to understand?

 

[Oddball]

Keep mainlining that Kool-Aid, Bubba.

 

[The T]

Which it won't.

The economy is going to pick up next year, especially in the summer.

We've had this conversation before.
Corporate earnings have dropped 30%.
The stock market is down to $11200 and falling like a rock.
Extremely anti business President.
Real estate market is grossly over supplied.
China is showing signs of economic slow down.
European debt crisis is unsolved and unsustainable.
Inflation is beginning to accelerate.
This looks just like the economy of 1936.
This depression is different than the Great Depression in only that we now have seven billion people in the world. If the slow down reaches our food production, we are in real trouble.
You're wrong, Chris, terribly wrong.

Let's take this one at a time.

1. Corporate profits are at an all-time high:

2. The stock market was around 8000 when Obama took office. It's gone up about 40% since then. What point were you trying to make?

3. That Obama is an "extremely anti-business president" is purely a fantasy of the right-wing. There's no evidence to support it, and you've provided none.

4. Real estate is a form of real wealth. To say it's "over-supplied" is equivalent to saying we have too much wealth.

5. "China is showing signs of a slow-down." And?

6. "European debt crisis is unsolvable." Not true... but even if it was... ?

7. "Inflation is beginning to accelerate." Inflation was negative in the most recent month available (Oct. 2011).

8. "This looks just like the economy of 1936." <--- Absurd on its face. Do you know the unemployment rate in 1936? Average wages? Net wealth of households? Anything?

9. "This depression is different than the Great Depression in only that we now have seven billion people in the world." <--- Also absurd. What does the world population have to do with it?

Your score is 0/9.
You are wrong.
Terribly, terribly wrong.

Why are you asses harping Ob Corporate profits? YOU act as if it's YOUR money. Get over it. YOU ain't gettin' a dime of it.