Moodys economists score the Obama and R econ plans

Discussion in 'Economy' started by Truthmatters, Oct 15, 2011.

  1. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Moody's Economist Says GOP Jobs Bill Would 'Likely Push The Economy Back Into Recession' | ThinkProgress



    Moody’s Analytics estimated that Obama’s American Jobs Act would create 1.9 million jobs, grow the economy by 2 percent and cut unemployment by a percentage point. Their review of the Republicans’ plan is not nearly as favorable. In fact, the Washington Post’s Greg Sargent reports that one Moody’s economist thinks it may damage the economy even more:


    But an economist I spoke to just now said there isn’t enough information in the plan to evaluate whether it could even achieve its goals as Republicans themselves have defined them. He said it won’t help the economy in the short term, and could even make matters worse.

    “I don’t have enough detail to evaluate how many jobs this would create,” Gus Faucher, the director of macroeconomics at Moody’s Analytics, told me. [...]

    “Should we look at regulations and make sure they make sense from a cost benefit standpoint? Certainly. Should we reduce the budget deficit over the long run? Certainly,” Faucher said. “But in the short term, demand is weak, businesses aren’t hiring, and consumers aren’t spending. That’s the cause of the current weakness — and Republican Senate proposals aren’t going to address that in the short term.”
     
    • Thank You! Thank You! x 1
    Last edited: Oct 15, 2011
  2. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    how I wish the republican party would find some ideas that might work
     
  3. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    I guess now you will have to start hating on economists just like you do teachers
     
  4. Samson
    Offline

    Samson Póg Mo Thóin Supporting Member

    Joined:
    Dec 3, 2009
    Messages:
    27,357
    Thanks Received:
    3,742
    Trophy Points:
    245
    Location:
    A Higher Plain
    Ratings:
    +4,210
    What did the Moody's economist have to say in 2007 about the 2008 financial market melt-down?

    :eusa_hand:

    Only a Truthmatters gives any credability to a Moody's economist predictions.
     
  5. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    And there it is.

    Hating economists
     
  6. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    What did the republican party say about the meltdown just before it happened?

    EVERYTHING IS FINE

    that is what they said
     
  7. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,832
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,127
    Please stop.......
     

    Attached Files:

  8. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
  9. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Agencies are sometimes accused of being oligopolists,[15] because barriers to market entry are high and rating agency business is itself reputation-based (and the finance industry pays little attention to a rating that is not widely recognized). Of the large agencies, only Moody's is a separate, publicly held corporation that discloses its financial results without dilution by non-ratings businesses, and its high profit margins (which at times have been greater than 50 percent of gross margin) can be construed as consistent with the type of returns one might expect in an industry which has high barriers to entry.
     
  10. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    where is your economists backing the republicans plan of austerity for recovery?
     

Share This Page