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

[boedicca]

TM is too dense to realize she is just proving our points. The Stimulus money went to government (cf. public employee union pay offs).

It is not creating private sector jobs.

Case closed.

 

[The Rabbi]

Most Stimulus Jobs created in Central Ohio and Public Sector

Thats a negative to your argument btw.
But from that same website:

Earlier this week, the website, which has an $84 million budget, listed 10 additional congressional districts in Ohio that received federal stimulus money: 00, 20, 21, 99, 69, 87, 85, 49, 54, 56. According to the site these 10 phantom districts created 11 jobs costing a total of more than $5.3 million. Those 11 jobs are now listed in the “unassigned congressional district” column.

After national media pressure, the Recovery Accountability and Transparency Board began purging Recovery.org ? Tracking Economic Recovery Spending by reassigning the 440 phantom congressional districts nationwide to “unassigned congressional district” columns or correcting the data. The senior White House appointee overseeing the stimulus transparency website dismisses the errors; the problems, “are relatively few and don’t change the fundamental conclusions one can draw from the data,” G. Edward DeSeve said.

So they are creating jobs even where there are no congressional districts? Wow, what a recovery!. Call it "millions of citizens saved or created."

 

[Truthmatters]

The CBO says it saved and created jobs, the people said it created jobs in their area and now all of the sudden you guys have gone from saying it didnt create jobs to saying it only created Gov jobs?

You see you people cant ever keep track of what you say form one minute to the next.

It created jobs and now you have been forced to admitt it.

THANKS

 

[xsited1]

Most Stimulus Jobs created in Central Ohio and Public Sector

From your link:

The more the 17,000 jobs cost the government $5,041,060,256 in Ohio or $294,885.07 per job.

The average cost per job in the 15th district is $103,420.23 and $886,547.80 in the 11th district.

So say you made $50k per year and you were going to lose your job. The government sends money so you can keep your job for another 5 years. That's $250k. That's great, eh? And who says there's no free lunch!!!! It's Obama money! It doesn't have to be paid back!

 

[Truthmatters]

You are correct - but not for the reason you think. The Stimulus was not designed to help corporations; it was designed to prop up state and local governments.

As a job creator, it's a bust.

Forgot what you were claiming huh?

 

[The Rabbi]

The CBO says it saved and created jobs, the people said it created jobs in their area and now all oif the sudden you guys have gone from sayong it didnt create jobs to saying it only created Gov jobs?

You see you people cant ever keep tr4ack of what you say form one minute to the next.

It created jobs and know you have been forced to admitt it.

THANKS

Please. Don't try to put words in our mouths or change the argument. The links you have posted prove conclusively the stimulus was an utter failure. It failed to stop increases in the unemployment rate. It failed to create jobs because much of the money was spent on government jobs that produce no wealth and are not sustainable. States used the money to plug budget gaps that will recur next year. Or the jobs were simply fictitious.
No, if the truth matters to "Truth Matters" then you will do the decent thing and admit the truth, which is that the stimulus failed.

 

[Truthmatters]

Only in your rabid mind rabbi.

The CBO said it created jobs , individual states and cities have said it saved and created jobs.

Its also not done yet.

your reports of doom are a bit to early, it shows your complete bias on the subject.


Where is the quote for anyfuckingone claiming it would end unemployment in a year?

 

[boedicca]

You are correct - but not for the reason you think. The Stimulus was not designed to help corporations; it was designed to prop up state and local governments.

As a job creator, it's a bust.

Forgot what you were claiming huh?

I claimed it hasn't created jobs.

With unemployment rising and 15M counted as officially unemployed, I stand firm by my claim.

All you've provided is government pablum that the stimulus was used to fund government jobs for a horrifically large amount of money.

Where is the limit of 8% unemployment we were promised if the Stimulus passed?

 

[George Costanza]

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?

I honestly cannot recall an instance where Fox News said something the Democrats agreed with.

 

[Truthmatters]

You are correct - but not for the reason you think. The Stimulus was not designed to help corporations; it was designed to prop up state and local governments.

As a job creator, it's a bust.

Forgot what you were claiming huh?

I claimed it hasn't created jobs. And you were wrong

With unemployment rising and 15M counted as officially unemployed, I stand firm by my claim. Then you are insane and ignoring the facts

All you've provided is government pablum that the stimulus was used to fund government jobs for a horrifically large amount of money. Only in your partisan warped mind

Where is the limit of 8% unemployment we were promised if the Stimulus passed?

Why do you pretend this has not been addressed several times by me in this fucking thread?

It created jobs even if you are so partisan you cant admitt it.

Where in the hell is the quote from anyone saying this bill or anything short of MAGIC could end unemployment in a year?

 

[Vast LWC]

It's not the study that's faulty, it's the conclusion.

The study was conducted among 68 people who held economic-related jobs in private firms, and asked if those firms had benefitted from the stimulus.

Most of the group asked happened to say that the stimulus had no benefit to their company, but 27% said it DID have a benefit to their company.

That is by no means a valid study to determine if the the stimulus had an effect on the economy at large, but even if it was, a 27% yes answer (without anyone saying that the stimulus had a negative effect on their business) is a positive result, not a negative one.

But CNN went for the more controversial headline.

 

[The Rabbi]

Forgot what you were claiming huh?

I claimed it hasn't created jobs. And you were wrong

With unemployment rising and 15M counted as officially unemployed, I stand firm by my claim. Then you are insane and ignoring the facts

All you've provided is government pablum that the stimulus was used to fund government jobs for a horrifically large amount of money. Only in your partisan warped mind

Where is the limit of 8% unemployment we were promised if the Stimulus passed?

Why do you pretend this has not been addressed several times by me in this fucking thread?

It created jobs even if you are so partisan you cant admitt it.

Where in the hell is the quote from anyone saying this bill or anything short of MAGIC could end unemployment in a year?

There was no net creation of jobs. For every job allegedly created by the stimulus, probably 4 or 5 were lost in the downturn. That is why the program was a failure.

 

[The Rabbi]

Only in your rabid mind rabbi.

The CBO said it created jobs , individual states and cities have said it saved and created jobs.

Its also not done yet.

your reports of doom are a bit to early, it shows your complete bias on the subject.


Where is the quote for anyfuckingone claiming it would end unemployment in a year?

How about here?:

“If we do not move swiftly,“ on the package “an economy that is already in crisis will be faced with catastrophe,“ Obama told Democrats who were attending their annual retreat at the Kingsmill resort in James City County.

“Millions more Americans will lose their jobs. Homes will be lost. Families will go without health care. Our crippling dependence on foreign oil will continue. That is the price of inaction.“

Obama, in Williamsburg, urges passage of stimulus plan | Richmond Times-Dispatch

 

[boedicca]

It's pretty simple. Unemployment is much higher - and the absolute number of the unemployed is much higher.

Any claims that the Stimulus created a meaningful number of jobs are just smoke and mirrors. The net cost to the economy and individuals has been horrific.

 

[PatekPhilippe]

It's not the study that's faulty, it's the conclusion.

The study was conducted among 68 people who held economic-related jobs in private firms, and asked if those firms had benefitted from the stimulus.

Most of the group asked happened to say that the stimulus had no benefit to their company, but 27% said it DID have a benefit to their company.

That is by no means a valid study to determine if the the stimulus had an effect on the economy at large, but even if it was, a 27% yes answer (without anyone saying that the stimulus had a negative effect on their business) is a positive result, not a negative one.

But CNN went for the more controversial headline.

Yes...it's only faulty when it doesn't say what you want to hear....makes perfect sense!!!!

 

[hyakku]

LOL, this survey has 68 people, all from one lobbying firm, all representing private entities. Hardly a legitimate study of an entire range of social scientists, but let's just play your game and say that this "study" is legit:

In that case, it says 27% of these guys said they did see stimulus funds help, and the others said it made no difference. According to this study then, the stimulus funds helped creating jobs, period. This isn't really debatable according to you all, since you have been trumpeting this study all day.

In addition, the point of the jobs bill was to save or create jobs, not enhance or increase payroll pay (though that was supposed to be a relatively minute part of the bill in possible places, mostly public sector in this case), yet 30% of private sector economists expect it to? This is actually a GOOD thing, I don't know how CNN spun it as a BAD thing.

It's pretty telling that most of you didn't read the article at all, as the headline was designed to do exactly what its accomplishing, stir up emotional feelings in the dolts that can't read words with the number of letters any more than the grade they dropped out of high school in. Good thing it's just the usual asses making mules off themselves.

Here's another title for the article that would immediately cause all of you asshats to retract your previous statement: A Quarter of Private Sector Economists say the Stimulus is Creating Jobs, a Third Foresee Payroll Increases.

Oh, suddenly the study doesn't look so good right? Lol, fucking idiots.

 

[boedicca]

It's pretty clear you didn't read our comments.

Just sayin'.

 

[The Rabbi]

It's pretty clear you didn't read our comments.

Just sayin'.

Nor the original article.
Just sayin'.

 

[Flopper]

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

Unlike some news organization I could mention, CNN reports news.

 

[oreo]

Now we've got to remember that 787 BILLION dollars in the so-called stimulus bill "may" have saved some jobs--- We just don't know where they were "saved." On the federal government web-site we learned that stimulus dollars were sent to congressional districts that didn't even exist---

"Massive government spending has never created long term private sector job growth."

We and future generations will be paying for this for many-many decades.