Even CNN Recognizes the Stimulus Didn't Do Much for the Country

[The Rabbi]

What the hell are you talking about? Do you even know?

Listen. When even CNN, which has been a notorious cheerleader for TeamObama since the primaries, comes out and reports that his centerpiece legislation has been a failure, then you know it's done. If the best you can do is whine then so be it.

What do you think I am "whining" about? Do you even have a clue? Hint: So far, you are not even close.

Why do you think i care? Do you have something substantive to offer this debate? A link to a study showing the stimulus saved western civilization as we know it?

 

[boedicca]

The CBOs study is a more reliable indication of the issue than 68 economist talking about their own employer.


Go read the CBO score if you want the details

No. If you have pertinent information, have the decency to post it.

The CBO, btw, scores what it is told to score. That's why ObamaCare received a favorable CBO score when the Medicare Actuary said it would actually worsen the deficit.

In the previous post I quoted the CBO's own study that basically said "we guessed on the number based on assumptions about gov't spending."
There was no actual counting, no actual data used to come to the conclusion, which differed from orgs that actually counted numbers.

Thanks. IOW, they scored what they were told to score based on "assumptions about government spending".

 

[Truthmatters]

Recipients report that about 640,000 jobs were created or
retained with ARRA funding through September 2009.2
Such reports, however, do not provide a comprehensive
estimate of the law’s impact on employment in the
United States. That impact may be higher or lower than
the reported number for several reasons (in addition to
any issues about the quality of the data in the reports).3
First, it is impossible to determine how many of the
reported jobs would have existed in the absence of the
stimulus package. Second, the reports filed by recipients
measure only the jobs created by employers who received
ARRA funding directly or by their immediate subcontractors
(so-called primary and secondary recipients), not
by lower-level subcontractors. Third, the reports do not
attempt to measure the number of jobs that may have
been created or retained indirectly as greater income for
recipients and their employees boosted demand for products
and services. Fourth, the recipients’ reports cover
only certain appropriations made under ARRA, which
encompass only about one-quarter of the total amount
spent by the government or conveyed through tax reductions
in ARRA through September 2009. The reports
do not measure the effects of other provisions of the stimulus
package, such as tax cuts and transfer payments to
individuals.
Estimating the

 

[Truthmatters]

No. If you have pertinent information, have the decency to post it.

The CBO, btw, scores what it is told to score. That's why ObamaCare received a favorable CBO score when the Medicare Actuary said it would actually worsen the deficit.

In the previous post I quoted the CBO's own study that basically said "we guessed on the number based on assumptions about gov't spending."
There was no actual counting, no actual data used to come to the conclusion, which differed from orgs that actually counted numbers.

Thanks. IOW, they scored what they were told to score based on "assumptions about government spending".

You just accepted his interpitation because it fit your political view huh?

They used the reporting of the people who recieved the funds and did not just guess like numbnuts claimed

 

[The Rabbi]

That's why the gov't went to the "jobs saved or created" meme. Every job that existed after the stimulus passed could be called a job saved by the stimulus because it is impossible to prove that it would not have in its absence.
IOW, total fabrication.

But the facts on the ground are that Obama promised the unemployment rate would not rise above 8% and it hit above 10% and will remain well above 9%, even on their own count, for the foreseeable future. The culprit is job creation. Under Bush in 2001, the economy lost more jobs than under Obama. And unemployment did not go above about 8% because job creation was brisk. Job creation is not brisk this time because Obama's policies make hiring more expensive and more uncertain.
That is all that needs to be known about this failure.

 

[Againsheila]

I know most of us level headed people already new this but now even CNN is starting to figure this out.... Is hell freezing over?????

Economists say the stimulus didn't help - Apr. 26, 2010

Bash CNN up one side and down the other on a daily basis for being "liberally biased" and then, when they finally say something the cons like, it's, "Even CNN" has figured this out.

Once again, the Republican Noise Machine figures out a way to make lemons out of lemonade.

Oh, come on, the dems do the same thing when Fox says something they want to hear.

When are you gonna figure out that the dems and the reps are the two most corrupt parties in the history of our nation?

 

[uscitizen]

Oh so now only certain kinds of jobs count?

Yes. The private sector is the productive engine in this country. Government PRODUCES NOTHING. Government jobs are transfers of income from the private sector to the public sector. Some of those transfers are worthwhile (i.e., military personnel) - much however is a complete waste of money.

The private sector is not creating jobs. 15M+ people are unemployed. Tax receipts are below budgeted estimate, thus worsening the deficit.

This is why the Democrat Controlled Congress refuses to draft a budget.

the govt creates lots of private sector jobs thru it's military budget.
It also creates lots of private sector jobs thru Medicare and Medicaid in the health care and Pharma industry.
It also creates jobs thru foodstamps in the food and grocery retail industry.

The govt is also responsible for all private sector tax preparation jobs and many accounting jobs to comply with federal regulations.

the list goes on.

 

[Truthmatters]

That's why the gov't went to the "jobs saved or created" meme. Every job that existed after the stimulus passed could be called a job saved by the stimulus because it is impossible to prove that it would not have in its absence.
IOW, total fabrication.

But the facts on the ground are that Obama promised the unemployment rate would not rise above 8% and it hit above 10% and will remain well above 9%, even on their own count, for the foreseeable future. The culprit is job creation. Under Bush in 2001, the economy lost more jobs than under Obama. And unemployment did not go above about 8% because job creation was brisk. Job creation is not brisk this time because Obama's policies make hiring more expensive and more uncertain.
That is all that needs to be known about this failure.

And that was said when talking about a stim package that was larger than the one that was passed huh?

You cant hold him to that claim for that reason

 

[boedicca]

It's not creating jobs; we have net increases in unemployment.

 

[xsited1]

I know most of us level headed people already new this but now even CNN is starting to figure this out.... Is hell freezing over?????

Economists say the stimulus didn't help - Apr. 26, 2010

But it did a lot for Obama supporters!

 

[The Rabbi]

In the previous post I quoted the CBO's own study that basically said "we guessed on the number based on assumptions about gov't spending."
There was no actual counting, no actual data used to come to the conclusion, which differed from orgs that actually counted numbers.

Thanks. IOW, they scored what they were told to score based on "assumptions about government spending".

You just accepted his interpitation because it fit your political view huh?

They used the reporting of the people who recieved the funds and did not just guess like numbnuts claimed

It isn't my interpretation. It is what the CBO said its methodology was. They did not use the reporting of people who received funds, except to note that those reports differed markedly from their own scoring. Can you not read??

Looking at recorded spending to date as well as estimates of the other effects of ARRA on spending and revenues, CBO has estimated the law’s impact on employment and economic output using evidence about how previous similar policies have affected the economy and various mathematical models that represent the workings of the economy.

 

[Truthmatters]

keep ignoring the facts and seeing only what you want to see.

The stimulus has created and saved jobs and the package Obama originally wanted very well would have worked better.

 

[uscitizen]

It's not creating jobs; we have net increases in unemployment.

And the vas majority of economic experts projected a brief dip in the economy back in about 2007. So much for projections and experts.
And never believe a politicians projections.

 

[Truthmatters]

153,000 Florida workers had jobs saved or created by stimulus bill, official says


http://www.usatoday.com/money/economy/2009-10-16-stimulus-jobs-chart_N.htm


Contractors that split $16 billion in federal stimulus money created or saved 30,383 jobs, according to government reports published Thursday. The figure represents only a narrow slice, about 2%, of Obama's $787 billion economic recovery plan. This chart shows by state, the number of jobs created or saved, how much stimulus money awarded and received, and the unemployment rate

 

[The Rabbi]

keep ignoring the facts and seeing only what you want to see.

The stimulus has created and saved jobs and the package Obama originally wanted very well would have worked better.

Yes, that is what you are doing: ignoring the facts (including written statements in an article you linked to initially) and simply insist that you must be right.

 

[The Rabbi]

153,000 Florida workers had jobs saved or created by stimulus bill, official says


Jobs created or saved by stimulus funds - USATODAY.com


Contractors that split $16 billion in federal stimulus money created or saved 30,383 jobs, according to government reports published Thursday. The figure represents only a narrow slice, about 2%, of Obama's $787 billion economic recovery plan. This chart shows by state, the number of jobs created or saved, how much stimulus money awarded and received, and the unemployment rate

Much of Florida's share has gone to schools, which contained the number of layoffs of teachers and other personnel.

from the article posted.
So all the stimulus money did was plug holes in the state budget. How is that helpful to anyone? Next year the money will be spent on the holes will re-appear.

 

[Truthmatters]

City sees new jobs created with stimulus aid - Washington Times

 

[keee keee]

I know most of us level headed people already new this but now even CNN is starting to figure this out.... Is hell freezing over?????

Economists say the stimulus didn't help - Apr. 26, 2010

Bash CNN up one side and down the other on a daily basis for being "liberally biased" and then, when they finally say something the cons like, it's, "Even CNN" has figured this out.

Once again, the Republican Noise Machine figures out a way to make lemons out of lemonade.

Well you know what they say, even a blind squirrel finds an acorn every once in awhile. In this case the blind squirrel happens to be CNN.

Ya it fell out of the tree and hit it in the head!!!! still didn't knock any sense into it.

 

[Truthmatters]

Most Stimulus Jobs created in Central Ohio and Public Sector

 

[keee keee]

They didn't spend most of the money yet saving it to buy the 2010 election. it's a vote stimulus program. only jobs they are saving are theirs. they don't give a shit about the citizens of this country.