CBO: Stimulus saved between 5 to 25 million jobs

[DSGE]

Except that doesn't consider the counter-factual that the Federal Reserve would have done more monetary stimulus...

The Fed effectively does inflation targeting (it's not in the mandate but they've announced that they aim for an inflation rate of about 2 percent), and when you have an inflation targeting central bank the fiscal multiplier is roughly zero.

 

[Neotrotsky]

The train has fallen off the tracks

S&P credit downgrade under Papa Obama

Truth is hard for the Left





The 7 most illuminating economic charts of 2011

The real unemployment rate. The official (U-3) unemployment rate is 8.6 percent. But the labor force has been shrinking as discouraged workers have been disappeared by government statisticians rather than counted as unemployed. But what if they weren’t? What if the Labor Department added those folks back into the numbers? Well, you would get this:

Also


The underwhelming Obama recovery. When you compare the current recovery to those of the past, it looks pretty anemic. And it doesn’t matter if you look at GDP growth or unemployment (via The Economist).

 

[Stephanie]

I guess he had to jet off to Hawaii to figure out this winter strategy..

All the Republicans need to run on is..............Are you better off TODAY than you were when the Obama and his comrades in arms took office.

That is why you won't see the OBama running on his record and you will see more game playing like this TWO MONTH extension being played by him and the Democrats. Then we get to see the progressive lapdog media coming out with glowing articels about HOW THE OBAMA won won won...instead of the amercian people won.

 

[Neotrotsky]

President Downgrade

 

[Sundial]

Neo: Why does the first chart use a baseline of 3 instead of 0?
Why does the second chart leave out the 2001 recession?
What is the "American Interprise Institute"?

 

[Neotrotsky]

If you feel they are wrong
then please show us why

Merry Xmas

 

[Listening]

I guess he had to jet off to Hawaii to figure out this winter strategy..

All the Republicans need to run on is..............Are you better off TODAY than you were when the Obama and his comrades in arms took office.

That is why you won't see the OBama running on his record and you will see more game playing like this TWO MONTH extension being played by him and the Democrats. Then we get to see the progressive lapdog media coming out with glowing articels about HOW THE OBAMA won won won...instead of the amercian people won.

Operation "Occupy Oahu" is now underway.

 

[Sundial]

Neo: Why does the first chart use a baseline of 3 instead of 0?
Why does the second chart leave out the 2001 recession?
What is the "American Interprise Institute"?

Answers: 1. To make growth look like decline.
2. Because the recovery from the first Bush recession was slower than this one.
3. Apparently a right-wing propaganda organization.

 

[Rozman]

21 months of private sector job growth.
GDP has been growing since 2009.
The stock market has doubled since 2009.
Americans net worth is up $9 trillion dollars since 2009.
Americans paid off $1 trillion dollars of personal debt in the last few years.
Auto sales were up 13.9% in November.
Pending home sales were up 10% in October.
Retail sales were up 16% over the Thanksgiving weekend.
Unemployment is down to 8.6%
The deficit problem has been solved with the expiration of the Bush tax cuts in Dec. of 2012 and the automatic spending cuts that kick in in Jan. of 2013.

The train is leaving the station...

Then why is the chosen one trying to go with another Stimulus plan?

 

[Toddsterpatriot]

Neo: Why does the first chart use a baseline of 3 instead of 0?
Why does the second chart leave out the 2001 recession?
What is the "American Interprise Institute"?

Obama's failure would look much better if the baseline was 0.