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

[Truthmatters]

http://www.whitehouse.gov/sites/default/files/microsites/CEA-3rd-arra-report.pdf


Following implementation of the ARRA, the trajectory of the economy changed materially toward moderating output decline and job loss. Real GDP began rising in the third quarter of 2009 and payroll employment began to grow in the first quarter of 2010.
• The two CEA methods of estimating the impact of the fiscal stimulus suggest that the ARRA has raised the level of GDP as of the first quarter of 2010, relative to what it otherwise would have been, by between 2.5 and 2.9 percent. These estimates are very similar to those of a wide range of other analysts.
• 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.

 

[Conservative]

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?

fallacy? What fallacy?

What in my original response was fallacy, pray tell? The fact your 1st link was from HuffPo? Or the authors name? Or the fact that the author is a liberal blogger, fired from his previous blogging gig? Or the fact that he has no economic, business, or financial experience or training?

Please... explain which of those is a fallacy.

 

[Conservative]

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

Link for each of those please.

 

[Full-Auto]

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





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.

Crony payoffs. you are in a very bad state of confusion.

 

[Claudette]

but you cant do it again huh?

Oh I could but I'm not going to. I've already read it.

Look it up if you want to read it.

 

[Oldstyle]

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





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.

All in their heads? So the costs associated with ObamaCare are a mirage? The DOJ didn't sue Boeing or seize Gibson Guitar's property? Obama didn't initially let the EPA enforce greenhouse gas standards? Didn't lobby for Cap & Trade legislation? Didn't lobby for Card Check? Obama didn't appoint a Czar to regulate executive pay? Obama didn't spend the last 3 YEARS blaming "greedy" corporations for the nations ills? None of that stuff took place, Flay? Is that what your telling me?

Obama bailed out those that supported him in the election. If you didn't then you were the one expected to PAY for those bailouts.

 

[Flaylo]

Liar, Liar pants on fucking fire

http://www.politifact.com/virginia/...nate-group-says-tim-kaines-stimulus-failed-c/

http://www.politifact.com/virginia/...nate-group-says-tim-kaines-stimulus-failed-c/

 

[Claudette]

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.

All in their heads? So the costs associated with ObamaCare are a mirage? The DOJ didn't sue Boeing or seize Gibson Guitar's property? Obama didn't initially let the EPA enforce greenhouse gas standards? Didn't lobby for Cap & Trade legislation? Didn't lobby for Card Check? Obama didn't appoint a Czar to regulate executive pay? Obama didn't spend the last 3 YEARS blaming "greedy" corporations for the nations ills? None of that stuff took place, Flay? Is that what your telling me?

Obama bailed out those that supported him in the election. If you didn't then you were the one expected to PAY for those bailouts.

Don't waste your time on Flylo there OS. He's as brainwashed as TDM.

Everything Barry and his posse have done has been for the good of the American people. He is the greatest.

 

[Flaylo]

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.

All in their heads? So the costs associated with ObamaCare are a mirage? The DOJ didn't sue Boeing or seize Gibson Guitar's property? Obama didn't initially let the EPA enforce greenhouse gas standards? Didn't lobby for Cap & Trade legislation? Didn't lobby for Card Check? Obama didn't appoint a Czar to regulate executive pay? Obama didn't spend the last 3 YEARS blaming "greedy" corporations for the nations ills? None of that stuff took place, Flay? Is that what your telling me?

Obama bailed out those that supported him in the election. If you didn't then you were the one expected to PAY for those bailouts.

There were no huge costs with so called Obama care you lying fucktard, what were they and post them?

What about this if Obama was so anto business

http://www.politifact.com/truth-o-m...air-wasserman-schultz-says-obama-has-signed-/

 

[Conservative]

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.

All in their heads? So the costs associated with ObamaCare are a mirage? The DOJ didn't sue Boeing or seize Gibson Guitar's property? Obama didn't initially let the EPA enforce greenhouse gas standards? Didn't lobby for Cap & Trade legislation? Didn't lobby for Card Check? Obama didn't appoint a Czar to regulate executive pay? Obama didn't spend the last 3 YEARS blaming "greedy" corporations for the nations ills? None of that stuff took place, Flay? Is that what your telling me?

Obama bailed out those that supported him in the election. If you didn't then you were the one expected to PAY for those bailouts.

Lies, all lies! You're just part of the vast right wing conspiracy to make Obama look bad. You made it all up! It never happened (puts fingers in ears) LALALALALA I am not listening... LALALALALA

 

[kiwiman127]

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.

Like today (of course today is much worse), one of the reasons the unemployment rate dropped was because of unemployed people giving up and they stopped looking for jobs.
The Work Force Participation Rate never got close to the work force participation rate where it was prior to the rec cession of 2001. The chart below clearly shows that as a fact.

 

[Conservative]

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.

All in their heads? So the costs associated with ObamaCare are a mirage? The DOJ didn't sue Boeing or seize Gibson Guitar's property? Obama didn't initially let the EPA enforce greenhouse gas standards? Didn't lobby for Cap & Trade legislation? Didn't lobby for Card Check? Obama didn't appoint a Czar to regulate executive pay? Obama didn't spend the last 3 YEARS blaming "greedy" corporations for the nations ills? None of that stuff took place, Flay? Is that what your telling me?

Obama bailed out those that supported him in the election. If you didn't then you were the one expected to PAY for those bailouts.

There were no huge costs with so called Obama care you lying fucktard, what were they and post them?

What about this if Obama was so anto business

PolitiFact | DNC Chair Wasserman Schultz says Obama has signed bills with 17 small business tax cuts

The Real Cost Of ObamaCare
Health Reform: The linchpin of ObamaCare 2.0 is that 31 million uninsured will be covered at little added cost. But in fact, White House estimates for low costs are based on little more than accounting tricks.

The president's plan "puts our budget and economy on a more stable path by reducing the deficit by $100 billion over the next 10 years — and about $1 trillion over the second decade — by cutting government overspending and reining in waste, fraud and abuse," the White House says on its Web site.

Sound too good to be true? It is.

None of the numbers can be believed. The plan is a result of blatantly dishonest accounting for the real costs of the program, while grossly overstating its benefits. Americans should know the actual 10-year cost is closer to $2 trillion over 10 years, not the $950 billion claimed, when all the actual costs are toted up.

How can there be such a wide gap? Mainly because the president's plan doesn't provide benefits until the second half of the first decade. So it pretends that it will "only" cost $950 billion. But once the program kicks in, the full 10-year cost of benefits will be included — at a real current cost of $2 trillion or more.

Or, as columnist Charles Krauthammer, himself a trained physician, told Fox News' Bill O'Reilly: "It's a trick. The way the Democrats got under (the spending limit imposed by Obama) was by making 98% of the expenditures, the benefits that you and I would get under the bill, occur in the second half of the decade."

That's not all the numbers trickery. Take the plan's so-called "doctor fix." Under current law, physicians are slated for a 21% cut in Medicare fees this year. Those cuts, if enacted, would lead to many doctors leaving Medicare. A proposed "fix" will cost some $229 billion over 10 years. But that new cost won't be included as part of the health care bill. Only phony Medicare "cuts" will.

Then there's the promise to remove new taxes on so-called "Cadillac Care" health plans. Originally, Democrats wanted to exclude only their pet unions from these new taxes. But after a huge outcry, the exclusion has been extended to most taxpayers.

Now, only the rich will be hit with these grossly unfair levies. But the cost of excluding the others doesn't appear to be accounted for.

 

[Oldstyle]

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.

All in their heads? So the costs associated with ObamaCare are a mirage? The DOJ didn't sue Boeing or seize Gibson Guitar's property? Obama didn't initially let the EPA enforce greenhouse gas standards? Didn't lobby for Cap & Trade legislation? Didn't lobby for Card Check? Obama didn't appoint a Czar to regulate executive pay? Obama didn't spend the last 3 YEARS blaming "greedy" corporations for the nations ills? None of that stuff took place, Flay? Is that what your telling me?

Obama bailed out those that supported him in the election. If you didn't then you were the one expected to PAY for those bailouts.

There were no huge costs with so called Obama care you lying fucktard, what were they and post them?

What about this if Obama was so anto business

PolitiFact | DNC Chair Wasserman Schultz says Obama has signed bills with 17 small business tax cuts

Lying fucktard? YOUR OWN ARTICLE cites costs associated with ObamaCare. Are you always this stupid?

 

[Conservative]

All in their heads? So the costs associated with ObamaCare are a mirage? The DOJ didn't sue Boeing or seize Gibson Guitar's property? Obama didn't initially let the EPA enforce greenhouse gas standards? Didn't lobby for Cap & Trade legislation? Didn't lobby for Card Check? Obama didn't appoint a Czar to regulate executive pay? Obama didn't spend the last 3 YEARS blaming "greedy" corporations for the nations ills? None of that stuff took place, Flay? Is that what your telling me?

Obama bailed out those that supported him in the election. If you didn't then you were the one expected to PAY for those bailouts.

There were no huge costs with so called Obama care you lying fucktard, what were they and post them?

What about this if Obama was so anto business

PolitiFact | DNC Chair Wasserman Schultz says Obama has signed bills with 17 small business tax cuts

Lying fucktard? YOUR OWN ARTICLE cites costs associated with ObamaCare. Are you always this stupid?

that was a rhetorical question... right?

 

[Flaylo]

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.

All in their heads? So the costs associated with ObamaCare are a mirage? The DOJ didn't sue Boeing or seize Gibson Guitar's property? Obama didn't initially let the EPA enforce greenhouse gas standards? Didn't lobby for Cap & Trade legislation? Didn't lobby for Card Check? Obama didn't appoint a Czar to regulate executive pay? Obama didn't spend the last 3 YEARS blaming "greedy" corporations for the nations ills? None of that stuff took place, Flay? Is that what your telling me?

Obama bailed out those that supported him in the election. If you didn't then you were the one expected to PAY for those bailouts.

Don't waste your time on Flylo there OS. He's as brainwashed as TDM.

Everything Barry and his posse have done has been for the good of the American people. He is the greatest.

shithead, can you say strawman argument? You're the one that can't fucking worth a shit because you have your head shoved so far up your dumb ass like most right wing hacks.

 

[Oldstyle]

"We think there's room for critics to note that in addition to the 17 tax cuts enumerated by the White House, there are there are also some tax increases in the health care law that will fall on some of the same small business owners that got tax cuts. Some health care law tax increases won't go into effect for a couple years."

That's from YOUR cite, Sparky...would you like to apologize for calling me a liar?

 

[Claudette]

All in their heads? So the costs associated with ObamaCare are a mirage? The DOJ didn't sue Boeing or seize Gibson Guitar's property? Obama didn't initially let the EPA enforce greenhouse gas standards? Didn't lobby for Cap & Trade legislation? Didn't lobby for Card Check? Obama didn't appoint a Czar to regulate executive pay? Obama didn't spend the last 3 YEARS blaming "greedy" corporations for the nations ills? None of that stuff took place, Flay? Is that what your telling me?

Obama bailed out those that supported him in the election. If you didn't then you were the one expected to PAY for those bailouts.

Don't waste your time on Flylo there OS. He's as brainwashed as TDM.

Everything Barry and his posse have done has been for the good of the American people. He is the greatest.

shithead, can you say strawman argument? You're the one that can't fucking worth a shit because you have your head shoved so far up your dumb ass like most right wing hacks.

LMAO. From you I take that as a compliment.

Your so blinded by your belief in Barry that you can't see the forrest for the trees.

Anyone who doesn't agree with you is a shithead or a fucktard. Your as bad as TDM who calls everyone that doesn't agree with her a fucking idiot.

Your both great for comic relief.

Carry on.

 

[Flaylo]

"We think there's room for critics to note that in addition to the 17 tax cuts enumerated by the White House, there are there are also some tax increases in the health care law that will fall on some of the same small business owners that got tax cuts. Some health care law tax increases won't go into effect for a couple years."

That's from YOUR cite, Sparky...would you like to apologize for calling me a liar?

They haven't went into effect yet dick head so its dumb for you to make your shitty claim.

 

[Intense]

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 A GROUP FROM MASS WITH ZERO PRIVATE SECTOR EXPERIENCE IS GOING TO SAVE THE WORLD.

So, Another group with zero private sector experience is going to attempt to save the economy again, with other peoples money.

 

[kiwiman127]

OK, we have established that the author of the piece is a liberal blogger and the piece appeared in the Huff Post.
Has anyone actually read the report that Froomkin used for his blog? It seems that those who are attacking the source of the OP haven't mentioned the actual report that is the centerpiece of the OP.
Here is the link to the report, how about we focus on the actual report?
It's not quite like Obama's stimulus at all, it's about private business investing in themselves and the US.
http://www.peri.umass.edu/fileadmin/pdf/published_study/PERI_19Million.pdf