Corporate America Is Sitting On The Solution To The Jobs Crisis: Report

[Flaylo]

It is already working you fact challenged twit. The ONLY people who think stim doesnt work is tea party clowns.
Ask an economist

Ok I will:
Nearly 100 Economists Say Stimulus Has Failed | RedState

“nearly 100 prominent U.S. economists…are telling President Barack Obama that his economic stimulus has failed and that ‘immediate action is needed to rein in federal spending."

I guess "education means things" right?

From redstate and you fuckers are bitching about HP?

 

[Truthmatters]

Varney contradicts private analysts, economists with claim that stimulus failed | Media Matters for America

 

[Claudette]

Go get the numbers to prove what you claim

I've found it on Google many times and posted it on the board. Look it up yourself.

 

[Flaylo]

A... HuffPo
B... About the OP author...
Froomkin out at Washington Post (UPDATED) - - POLITICO.com

In other words... 'he's a blogger'. He has no financial or economic expertise or training. WTF should I give a shit what he says?

Shithead, I posted another link that you didn't bother to read that had nothing to do with HP.

I wasn't commenting on that link, shithead. I was commenting on the one you quoted from, shithead. Get it, Shithead?

Read the whole post shithead before coming up with fallacy arguments, shithead, got that shithead?

 

[Nic_Driver]

A... HuffPo
B... About the OP author...
Froomkin out at Washington Post (UPDATED) - - POLITICO.com

Washington Post has terminated its relationship with liberal columnist/blogger Dan Froomkin. Froomkin authored the "White House Watch" blog and was told today that the blog had essentially run its course.

In other words... 'he's a blogger'. He has no financial or economic expertise or training. WTF should I give a shit what he says?

So you don't know the difference between blogging about a report and authoring that same report?

How does the authors status as a blogger have any effect on the report he's referencing?

The GOP and their arguments become more hollow with each passing day.

 

[Truthmatters]

Independent and private analysts agree stimulus significantly raised employment over what would have happened otherwise

CEA: ARRA raised employment "by between 2.2 and 2.8 million." In its third quarterly report on the American Recovery and Reinvestment Act of 2009, the Council of Economic Advisers (CEA) stated: "The CEA estimates that as of the first quarter of 2010, the ARRA has raised employment relative to what it otherwise would have been by between 2.2 and 2.8 million. These estimates are similar to those of other analysts, and are broadly consistent with the direct recipient reporting data available for 2009:Q4."

CBO estimates job impact of between 1.2 and 2.8 million. The nonpartisan Congressional Budget Office (CBO) estimated in May that as of the first quarter of 2010, the stimulus package "ncreased the number of people employed by between 1.2 million and 2.8 million," and, "ncreased the number of full-time equivalent jobs by 1.8 million to 4.1 million compared with what those amounts would have been otherwise." CBO also estimated that the unemployment rate would be 0.7 percent to 1.5 percent higher today without the stimulus package.

IHS/Global Insight estimates job impact of 1.7 million. PolitiFact.com stated on February 17 that "sing updated estimates provided to PolitiFact, IHS/Global Insight estimates that 1.7 million jobs will be created or saved by the first quarter of 2010." The CEA report also cites this estimate from IHS/Global Insight.

Moody's Economy.com estimates job impact of 1.9 million. The PolitiFact.com post further stated that "sing updated estimates provided to PolitiFact ... Moody's economy.com estimated that 1.9 million jobs will be created or saved" by the first quarter of 2010. The CEA report also cited this estimate from Moody's Economy.com.

Macroeconomic Advisers estimates job impact of 1.5 million. The CEA report stated that Macroeconomic Advisers estimates that the Recovery Act raised employment by 1.46 million as of the first quarter of 2010, citing an analysis provided to CEA.

Economists say stimulus helped economic recovery

Wall Street Journal: 70 percent of economists surveyed said stimulus helped. The Wall Street Journal reported on March 12 that 38 of the 54 economists it surveyed "said the American Recovery and Reinvestment Act boosted growth and mitigated job losses, while six said the legislation had a net negative effect."

ABC News: Most on panel of economists "think the economy would be worse" without the stimulus. ABC News reported on February 18 that "most" of the economists on its panel "think the economy would be worse today without the big aid package, which totaled $787 billion and was signed into law by President Obama on Feb. 17, 2009."

NABE: 83 percent say stimulus raised GDP. A February survey of 203 members of the National Association for Business Economics [NABE] found that, "[e]ighty-three percent believe that GDP is currently higher than it would have been without the 2009 stimulus package (ARRA)."

USA Today: Surveyed economists said "stimulus package saved jobs." USA Today reported on January 25:


President Obama's stimulus package saved jobs -- but the government still needs to do more to breathe life into the economy, according to USA TODAY's quarterly survey of 50 economists.

Unemployment would have hit 10.8% -- higher than December's 10% rate -- without Obama's $787 billion stimulus program, according to the economists' median estimate. The difference would translate into another 1.2 million lost jobs

 

[Truthmatters]

Go get the numbers to prove what you claim

I've found it on Google many times and posted it on the board. Look it up yourself.

No you have been reading hack sites that fill your brain with lies

 

[Nic_Driver]

Funny results on the stim.

If it were working the country should be booming by now.

It ain't.

And the Bush Tax cuts brought unprecedented job growth to America.

The UE throughout Bush's terms in office was around 6% until just before he left office when it was around 7%. Everyone who wanted a job had one. Hell. I had two.

The tax cuts were suposed to expire. I do believe Barry and Congress extended them.

The GOP held the middle class hostage to force Obama's hand.

 

[Claudette]

Go get the numbers to prove what you claim

I've found it on Google many times and posted it on the board. Look it up yourself.

No you have been reading hack sites that fill your brain with lies

LMAO Your so full of shit TDM.

As I said. Look it up yourself.

 

[Sallow]

Funny results on the stim.

If it were working the country should be booming by now.

"Working" means delivering the results designed. The stimulus was designed to create 2-3 million jobs at a time when we needed 10-12 million. It worked.

It was no more designed to restore full prosperity than it was to give people the ability to fly without airplanes.

Which is funny..because although it succeeded..conservatives still bray on about failure.

Heck..they don't even give Obama credit for killing Osama bin Laden.

 

[Flaylo]

I've found it on Google many times and posted it on the board. Look it up yourself.

No you have been reading hack sites that fill your brain with lies

LMAO Your so full of shit TDM.

As I said. Look it up yourself.

The burdeen of proof is on you, shithead.

 

[Full-Auto]

Thats the best fucking argument you have? You fucking suck big time, these people are economists

Your academics were hired for economic policy before they were run out of town.

When will you present a valid argument.

Now quit sucking Obamas dick would you aswipe.

Can't make a coherent argument? Get the dick out of your mouth shithead.

Ive already owned you. Dont start crying now.


Your boys have zero street cred.

 

[Claudette]

No you have been reading hack sites that fill your brain with lies

LMAO Your so full of shit TDM.

As I said. Look it up yourself.

The burdeen of proof is on you, shithead.

Not hardly. I've looked it up before and posted it. If you asshats are so sure its false then look it up yourself. I'll wait.

 

[Flaylo]

Your academics were hired for economic policy before they were run out of town.

When will you present a valid argument.

Now quit sucking Obamas dick would you aswipe.

Can't make a coherent argument? Get the dick out of your mouth shithead.

Ive already owned you. Dont start crying now.


Your boys have zero street cred.

Fucktard, go stand in the corner, I don't have time for class clownish dickheads like you.

 

[Flaylo]

LMAO Your so full of shit TDM.

As I said. Look it up yourself.

The burdeen of proof is on you, shithead.

Not hardly. I've looked it up before and posted it. If you asshats are so sure its false then look it up yourself. I'll wait.

Sure you did.

 

[Full-Auto]

Can't make a coherent argument? Get the dick out of your mouth shithead.

Ive already owned you. Dont start crying now.


Your boys have zero street cred.

Fucktard, go stand in the corner, I don't have time for class clownish dickheads like you.

Do you have something other then an opinion from GUESSAMATICIANS?

 

[Oldstyle]

Corporate America Is Sitting On The Solution To The Jobs Crisis: Report

Corporate America is sitting right on top of the solution to the nation's employment crisis, according to a new report from a group of University of Massachusetts economists.

If America's largest banks and non-financial companies would just loosen their death-grip on a chunk of the $3.6 trillion in cash they're hoarding and move it into productive investments instead, the report estimates that about 19 million jobs would be created in the next three years, lowering the unemployment rate to under 5 percent.


"There is no reason that the U.S. needs to remain stuck in a long-term unemployment crisis," Robert Pollin, lead author of the report and co-director of the Political Economy Research Institute, said in a statement accompanying the report's release Tuesday.

"Getting the banks and corporations to move their hoards into productive investments and job creation requires carrots and sticks -- policies such as a new round of government spending stimulus as well as taxes on the banks' excess reserves -- that can both strengthen overall market demand and unlock credit markets for small businesses," Pollin said.

Link to the report


http://www.peri.umass.edu/fileadmin/pdf/published_study/PERI_19Million.pdf

Repugs will still blame Obama and mythological job killing legislation without any proof and ignore that businesses hoarding cash are the real fault.

So the "answer" to a business community that is reluctant to invest under an Administration that they view as anti-business, is to tax them to force investment?

Oh, and let's throw in some more "stimulus" spending while we're at it!

It's time to face the fact that this President doesn't understand business and isn't trusted by business. The "solution" to the unemployment crisis is to elect someone who doesn't think that the private sector is an ATM card to support a progressive agenda.

 

[Claudette]

The burdeen of proof is on you, shithead.

Not hardly. I've looked it up before and posted it. If you asshats are so sure its false then look it up yourself. I'll wait.

Sure you did.

I sure did. It wasn't that hard to find. Hell, even and asshat could find it no problem.

 

[Truthmatters]

but you cant do it again huh?

 

[Flaylo]

Corporate America Is Sitting On The Solution To The Jobs Crisis: Report

Corporate America is sitting right on top of the solution to the nation's employment crisis, according to a new report from a group of University of Massachusetts economists.

If America's largest banks and non-financial companies would just loosen their death-grip on a chunk of the $3.6 trillion in cash they're hoarding and move it into productive investments instead, the report estimates that about 19 million jobs would be created in the next three years, lowering the unemployment rate to under 5 percent.


"There is no reason that the U.S. needs to remain stuck in a long-term unemployment crisis," Robert Pollin, lead author of the report and co-director of the Political Economy Research Institute, said in a statement accompanying the report's release Tuesday.

"Getting the banks and corporations to move their hoards into productive investments and job creation requires carrots and sticks -- policies such as a new round of government spending stimulus as well as taxes on the banks' excess reserves -- that can both strengthen overall market demand and unlock credit markets for small businesses," Pollin said.

Link to the report


http://www.peri.umass.edu/fileadmin/pdf/published_study/PERI_19Million.pdf

Repugs will still blame Obama and mythological job killing legislation without any proof and ignore that businesses hoarding cash are the real fault.

So the "answer" to a business community that is reluctant to invest under an Administration that they view as anti-business, is to tax them to force investment?

Oh, and let's throw in some more "stimulus" spending while we're at it!

It's time to face the fact that this President doesn't understand business and isn't trusted by business. The "solution" to the unemployment crisis is to elect someone who doesn't think that the private sector is an ATM card to support a progressive agenda.

The adminsitration hasn't been anti-business, its all in their fucking heads. had Obama been anti-business there would have been no more bailouts.