New CBO Report Finds Up to 2.9 Million People Owe Their Jobs to the Recovery Act

[8537]

Look at the Margin of Error! IT's unfuckingreal!

It's like me saying "tomorrows temperate in New York City will be between -100 and 200 degrees"

The MOE is so fucking huge it makes the study WORTHLESS!

Where are you finding the MoE in that report?

 

[Conservative]

Look at the Margin of Error! IT's unfuckingreal!

It's like me saying "tomorrows temperate in New York City will be between -100 and 200 degrees"

The MOE is so fucking huge it makes the study WORTHLESS!

Where are you finding the MoE in that report?

I think he is referring to this section of the actual CBO report I linked to earlier...

• They raised real (inflation-adjusted) gross domestic product (GDP) by between 0.8 percent and 2.5 percent
• Lowered the unemployment rate by between 0.5 percentage points and 1.6 percentage points
• Increased the number of people employed by between 1.0 million and 2.9 million
• Increased the number of full-time-equivalent jobs by 1.4 million to 4.0 million, as shown in Table 1.

considering they came up with all their numbers by 'modeling', these are a fairly large spread.

 

[Soggy in NOLA]

New CBO Report Finds Up to 2.9 Million People Owe Their Jobs to the Recovery Act


A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 1.0 million and 2.9 million jobs as of June. [1]


In other words, between 1.0 million and 2.9 million people employed in June owed their jobs to the Recovery Act. This estimate, by Congress' non-partisan economic and budget analysts, is more comprehensive than the 550,000 jobs that ARRA recipients reported in July, CBO explains.


While the report focuses primarily on the second quarter of 2011, CBO also includes new projections of the Recovery Act's jobs impact through 2012. It finds that in the current quarter (the third quarter of 2011), there are 0.8 million to 2.5 million more people employed because of ARRA.
The CBO report indicates that ARRA succeeded in its primary goal of protecting the economy during the worst of the recession. As the economy recovers, ARRA's effects will continue to decrease. CBO estimates that ARRA's impact on employment peaked in the third quarter of 2010, when between 1.4 million and 3.6 million people owed their jobs to the Recovery Act.
ARRA Also Boosted Worker Hours, CBO Finds

In addition to saving and creating jobs, ARRA has increased the number of hours worked, CBO has concluded. That is, without ARRA, many full-time workers would have been reduced to part-time status and fewer would have worked overtime. The combination of the increase in jobs and the increase in hours means that ARRA boosted the number of full-time-equivalent jobs by between 1.4 million and 4.0 million as of June, the report estimates. CBO finds that this figure peaked in the third quarter of 2010, and stands at up to 3.4 million full-time equivalent jobs in the current quarter. [2]


Among ARRA's most effective provisions for saving and creating jobs, according to CBO's estimates, are direct purchases of goods and services by the federal government, transfer payments to states (such as extra Medicaid funding), and transfer payments to individuals (such as increased food stamp benefits and additional weeks of unemployment benefits). CBO's estimates indicate that tax cuts are less effective job producers, and tax cuts for higher-income people have very low bang for the buck.

Call me when the unemployment rate is actually lower than when Barry took office.

 

[CrusaderFrank]

Look at the Margin of Error! IT's unfuckingreal!

It's like me saying "tomorrows temperate in New York City will be between -100 and 200 degrees"

The MOE is so fucking huge it makes the study WORTHLESS!

Where are you finding the MoE in that report?

Yeah sorry. You had to drill down to the first sentence to find it.

"A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 1.0 million and 2.9 million jobs as of June"

 

[Conservative]

none of this matters people... they GUESSED at their numbers anyway. Modeling and such, instead of real world data.

 

[J.E.D]

$800 billion (800,000 x $1 million) divided by 2.9 million = over $275k/job.

2/3 of the stimulus was tax cuts, so your calculations are off.

 

[J.E.D]

The OP is a sham but this thread will grow to gigantic size as all the pointless ones always do.

It's a sham to people like you because it proves the right wrong, once again.

 

[Conservative]

$800 billion (800,000 x $1 million) divided by 2.9 million = over $275k/job.

2/3 of the stimulus was tax cuts, so your calculations are off.

2.9 million was the high end of the CBO's 'guess'. 1 million was the low end of their 'guess'.

so... $266 billion (33.3% of the total you claim was all that was spent directly on jobs)

divided by 1 million jobs = $266,400/job
divided by 2.9 million jobs = $91,862/job

Or somewhere in between there.

Between $91 and $266 thousand dollars of taxpayer money PER JOB, for jobs that most certainly did NOT pay that amount in salary, may or may not have actually been created, may or may not have actually been saved, may or may not have been long term, may or may not have been temporary...

starting to see the picture?

 

[Trajan]

New CBO Report Finds Up to 2.9 Million People Owe Their Jobs to the Recovery Act


A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 1.0 million and 2.9 million jobs as of June. [1]


In other words, between 1.0 million and 2.9 million people employed in June owed their jobs to the Recovery Act. This estimate, by Congress' non-partisan economic and budget analysts, is more comprehensive than the 550,000 jobs that ARRA recipients reported in July, CBO explains.


While the report focuses primarily on the second quarter of 2011, CBO also includes new projections of the Recovery Act's jobs impact through 2012. It finds that in the current quarter (the third quarter of 2011), there are 0.8 million to 2.5 million more people employed because of ARRA.
The CBO report indicates that ARRA succeeded in its primary goal of protecting the economy during the worst of the recession. As the economy recovers, ARRA's effects will continue to decrease. CBO estimates that ARRA's impact on employment peaked in the third quarter of 2010, when between 1.4 million and 3.6 million people owed their jobs to the Recovery Act.
ARRA Also Boosted Worker Hours, CBO Finds

In addition to saving and creating jobs, ARRA has increased the number of hours worked, CBO has concluded. That is, without ARRA, many full-time workers would have been reduced to part-time status and fewer would have worked overtime. The combination of the increase in jobs and the increase in hours means that ARRA boosted the number of full-time-equivalent jobs by between 1.4 million and 4.0 million as of June, the report estimates. CBO finds that this figure peaked in the third quarter of 2010, and stands at up to 3.4 million full-time equivalent jobs in the current quarter. [2]


Among ARRA's most effective provisions for saving and creating jobs, according to CBO's estimates, are direct purchases of goods and services by the federal government, transfer payments to states (such as extra Medicaid funding), and transfer payments to individuals (such as increased food stamp benefits and additional weeks of unemployment benefits). CBO's estimates indicate that tax cuts are less effective job producers, and tax cuts for higher-income people have very low bang for the buck.

and exactly ZERO has changed.

In other words, between 1.0 million and 2.9 million people employed in June owed their jobs to the Recovery Act. This estimate, by Congress' non-partisan economic and budget analysts, is more comprehensive than the 550,000 jobs that ARRA recipients reported in July, CBO explains.

all they have done is massage the original 1.4 to 3.4 million, by sliding the numbers down to 1.0 million and 2.9........they still, cannot get any better than a 200% variance in their calculations, are you kidding or what?

so as I have said before, to be more than fair; lets take the half way point between the 2 original numbers, 2.4 Million, ok, so, these were temp jobs that no longer are extent. and how much did we pay for those jobs, per job?

 

[asterism]

$800 billion (800,000 x $1 million) divided by 2.9 million = over $275k/job.

2/3 of the stimulus was tax cuts, so your calculations are off.

Substantiate that with facts.

Show me where those tax cuts were realized and how it all adds up to 2/3 of the stimulus.

 

[Mr.Nick]

New CBO Report Finds Up to 2.9 Million People Owe Their Jobs to the Recovery Act


A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 1.0 million and 2.9 million jobs as of June. [1]


In other words, between 1.0 million and 2.9 million people employed in June owed their jobs to the Recovery Act. This estimate, by Congress' non-partisan economic and budget analysts, is more comprehensive than the 550,000 jobs that ARRA recipients reported in July, CBO explains.


While the report focuses primarily on the second quarter of 2011, CBO also includes new projections of the Recovery Act's jobs impact through 2012. It finds that in the current quarter (the third quarter of 2011), there are 0.8 million to 2.5 million more people employed because of ARRA.
The CBO report indicates that ARRA succeeded in its primary goal of protecting the economy during the worst of the recession. As the economy recovers, ARRA's effects will continue to decrease. CBO estimates that ARRA's impact on employment peaked in the third quarter of 2010, when between 1.4 million and 3.6 million people owed their jobs to the Recovery Act.
ARRA Also Boosted Worker Hours, CBO Finds

In addition to saving and creating jobs, ARRA has increased the number of hours worked, CBO has concluded. That is, without ARRA, many full-time workers would have been reduced to part-time status and fewer would have worked overtime. The combination of the increase in jobs and the increase in hours means that ARRA boosted the number of full-time-equivalent jobs by between 1.4 million and 4.0 million as of June, the report estimates. CBO finds that this figure peaked in the third quarter of 2010, and stands at up to 3.4 million full-time equivalent jobs in the current quarter. [2]


Among ARRA's most effective provisions for saving and creating jobs, according to CBO's estimates, are direct purchases of goods and services by the federal government, transfer payments to states (such as extra Medicaid funding), and transfer payments to individuals (such as increased food stamp benefits and additional weeks of unemployment benefits). CBO's estimates indicate that tax cuts are less effective job producers, and tax cuts for higher-income people have very low bang for the buck.

The CBO couldn't find a bowling ball in a toilet...

Before people cite CBO claims I would like them to show me C-BO's historical accuracy when it comes to their claims...

Yeah, CBO batting about .073

As a matter of fact, I would love for anyone to post a citation of cbo being correct...

 

[The T]

It isn't government's purpose to create jobs but to create and defend the circumstances for the people to exercise thier liberty to create them themselves.

In other words? Get out of the way. The private sector can do the very same thing touted by the OP without costing the taxpayer one red cent...and produce revenue for the government to boot.

The government is cutting thier own throats to spite themselves for the cost of thier job creation effort. The only thing they are creating is unemployment, and angst toward the government.

This thread is a joke and so is the OP.

 

[hortysir]

New CBO Report Finds Up to 2.9 Million People Owe Their Jobs to the Recovery Act


A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 1.0 million and 2.9 million jobs as of June. [1]


In other words, between 1.0 million and 2.9 million people employed in June owed their jobs to the Recovery Act. This estimate, by Congress' non-partisan economic and budget analysts, is more comprehensive than the 550,000 jobs that ARRA recipients reported in July, CBO explains.


While the report focuses primarily on the second quarter of 2011, CBO also includes new projections of the Recovery Act's jobs impact through 2012. It finds that in the current quarter (the third quarter of 2011), there are 0.8 million to 2.5 million more people employed because of ARRA.
The CBO report indicates that ARRA succeeded in its primary goal of protecting the economy during the worst of the recession. As the economy recovers, ARRA's effects will continue to decrease. CBO estimates that ARRA's impact on employment peaked in the third quarter of 2010, when between 1.4 million and 3.6 million people owed their jobs to the Recovery Act.
ARRA Also Boosted Worker Hours, CBO Finds

In addition to saving and creating jobs, ARRA has increased the number of hours worked, CBO has concluded. That is, without ARRA, many full-time workers would have been reduced to part-time status and fewer would have worked overtime. The combination of the increase in jobs and the increase in hours means that ARRA boosted the number of full-time-equivalent jobs by between 1.4 million and 4.0 million as of June, the report estimates. CBO finds that this figure peaked in the third quarter of 2010, and stands at up to 3.4 million full-time equivalent jobs in the current quarter. [2]


Among ARRA's most effective provisions for saving and creating jobs, according to CBO's estimates, are direct purchases of goods and services by the federal government, transfer payments to states (such as extra Medicaid funding), and transfer payments to individuals (such as increased food stamp benefits and additional weeks of unemployment benefits). CBO's estimates indicate that tax cuts are less effective job producers, and tax cuts for higher-income people have very low bang for the buck.

Is it just coincidence that your copy/paste stopped where it did?

Because I see this in the very next paragraph:

As the new CBO report explains, however, the recipient reports, "do not provide a comprehensive estimate of [ARRA's] impact on U.S. employment." Specifically, the recipient reports covered only about one in five ARRA dollars spent during the second quarter of 2011

Your source appears all official, at a glance, until one realizes that it is a .org site that seeks donations and looks at other articles that blame "Legacy of Bush policies for deficits".

Partisan much??

 

[NYcarbineer]

Rick Perry said the number was ZERO.

Did he accidentally get the retard vaccination?

 

[Conservative]

New CBO Report Finds Up to 2.9 Million People Owe Their Jobs to the Recovery Act


A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 1.0 million and 2.9 million jobs as of June. [1]


In other words, between 1.0 million and 2.9 million people employed in June owed their jobs to the Recovery Act. This estimate, by Congress' non-partisan economic and budget analysts, is more comprehensive than the 550,000 jobs that ARRA recipients reported in July, CBO explains.


While the report focuses primarily on the second quarter of 2011, CBO also includes new projections of the Recovery Act's jobs impact through 2012. It finds that in the current quarter (the third quarter of 2011), there are 0.8 million to 2.5 million more people employed because of ARRA.
The CBO report indicates that ARRA succeeded in its primary goal of protecting the economy during the worst of the recession. As the economy recovers, ARRA's effects will continue to decrease. CBO estimates that ARRA's impact on employment peaked in the third quarter of 2010, when between 1.4 million and 3.6 million people owed their jobs to the Recovery Act.
ARRA Also Boosted Worker Hours, CBO Finds

In addition to saving and creating jobs, ARRA has increased the number of hours worked, CBO has concluded. That is, without ARRA, many full-time workers would have been reduced to part-time status and fewer would have worked overtime. The combination of the increase in jobs and the increase in hours means that ARRA boosted the number of full-time-equivalent jobs by between 1.4 million and 4.0 million as of June, the report estimates. CBO finds that this figure peaked in the third quarter of 2010, and stands at up to 3.4 million full-time equivalent jobs in the current quarter. [2]


Among ARRA's most effective provisions for saving and creating jobs, according to CBO's estimates, are direct purchases of goods and services by the federal government, transfer payments to states (such as extra Medicaid funding), and transfer payments to individuals (such as increased food stamp benefits and additional weeks of unemployment benefits). CBO's estimates indicate that tax cuts are less effective job producers, and tax cuts for higher-income people have very low bang for the buck.

Is it just coincidence that your copy/paste stopped where it did?

Because I see this in the very next paragraph:

As the new CBO report explains, however, the recipient reports, "do not provide a comprehensive estimate of [ARRA's] impact on U.S. employment." Specifically, the recipient reports covered only about one in five ARRA dollars spent during the second quarter of 2011

Your source appears all official, at a glance, until one realizes that it is a .org site that seeks donations and looks at other articles that blame "Legacy of Bush policies for deficits".

Partisan much??

I posted the actual report (a link is buried in the page the OP-in another thread I think- linked to) and noted their 'guessing' and the spread of certain 'guesses'.

I don't really expect the libtards to take notice of the actual report. They prefer the sugar coating their OP source gave it.

 

[Charles_Main]

$800 billion (800,000 x $1 million) divided by 2.9 million = over $275k/job.

2/3 of the stimulus was tax cuts, so your calculations are off.

Bull shit, hell nearly 25% of it alone was direct Bail outs of State Budgets. The Tax cuts were more like 45% of it.

 

[Stephanie]

$800 billion (800,000 x $1 million) divided by 2.9 million = over $275k/job.

EXACTLY.
my gawd

 

[hortysir]

New CBO Report Finds Up to 2.9 Million People Owe Their Jobs to the Recovery Act


A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 1.0 million and 2.9 million jobs as of June. [1]


In other words, between 1.0 million and 2.9 million people employed in June owed their jobs to the Recovery Act. This estimate, by Congress' non-partisan economic and budget analysts, is more comprehensive than the 550,000 jobs that ARRA recipients reported in July, CBO explains.


While the report focuses primarily on the second quarter of 2011, CBO also includes new projections of the Recovery Act's jobs impact through 2012. It finds that in the current quarter (the third quarter of 2011), there are 0.8 million to 2.5 million more people employed because of ARRA.
The CBO report indicates that ARRA succeeded in its primary goal of protecting the economy during the worst of the recession. As the economy recovers, ARRA's effects will continue to decrease. CBO estimates that ARRA's impact on employment peaked in the third quarter of 2010, when between 1.4 million and 3.6 million people owed their jobs to the Recovery Act.
ARRA Also Boosted Worker Hours, CBO Finds

In addition to saving and creating jobs, ARRA has increased the number of hours worked, CBO has concluded. That is, without ARRA, many full-time workers would have been reduced to part-time status and fewer would have worked overtime. The combination of the increase in jobs and the increase in hours means that ARRA boosted the number of full-time-equivalent jobs by between 1.4 million and 4.0 million as of June, the report estimates. CBO finds that this figure peaked in the third quarter of 2010, and stands at up to 3.4 million full-time equivalent jobs in the current quarter. [2]


Among ARRA's most effective provisions for saving and creating jobs, according to CBO's estimates, are direct purchases of goods and services by the federal government, transfer payments to states (such as extra Medicaid funding), and transfer payments to individuals (such as increased food stamp benefits and additional weeks of unemployment benefits). CBO's estimates indicate that tax cuts are less effective job producers, and tax cuts for higher-income people have very low bang for the buck.

Is it just coincidence that your copy/paste stopped where it did?

Because I see this in the very next paragraph:

As the new CBO report explains, however, the recipient reports, "do not provide a comprehensive estimate of [ARRA's] impact on U.S. employment." Specifically, the recipient reports covered only about one in five ARRA dollars spent during the second quarter of 2011

Your source appears all official, at a glance, until one realizes that it is a .org site that seeks donations and looks at other articles that blame "Legacy of Bush policies for deficits".

Partisan much??

I posted the actual report (a link is buried in the page the OP linked to) and noted their 'guessing' and the spread of certain 'guesses'.

I don't really expect the libtards to take notice of the actual report. They prefer the sugar coating their OP source gave it.

Thanks for your diligence, man.

Sorry I missed it..


I also noticed you tried real math with them.
I've tried that route dozens of times. They don't get math.
They get e-mails

 

[rdean]

New CBO Report Finds Up to 2.9 Million People Owe Their Jobs to the Recovery Act


A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 1.0 million and 2.9 million jobs as of June. [1]


In other words, between 1.0 million and 2.9 million people employed in June owed their jobs to the Recovery Act. This estimate, by Congress' non-partisan economic and budget analysts, is more comprehensive than the 550,000 jobs that ARRA recipients reported in July, CBO explains.


While the report focuses primarily on the second quarter of 2011, CBO also includes new projections of the Recovery Act's jobs impact through 2012. It finds that in the current quarter (the third quarter of 2011), there are 0.8 million to 2.5 million more people employed because of ARRA.
The CBO report indicates that ARRA succeeded in its primary goal of protecting the economy during the worst of the recession. As the economy recovers, ARRA's effects will continue to decrease. CBO estimates that ARRA's impact on employment peaked in the third quarter of 2010, when between 1.4 million and 3.6 million people owed their jobs to the Recovery Act.
ARRA Also Boosted Worker Hours, CBO Finds

In addition to saving and creating jobs, ARRA has increased the number of hours worked, CBO has concluded. That is, without ARRA, many full-time workers would have been reduced to part-time status and fewer would have worked overtime. The combination of the increase in jobs and the increase in hours means that ARRA boosted the number of full-time-equivalent jobs by between 1.4 million and 4.0 million as of June, the report estimates. CBO finds that this figure peaked in the third quarter of 2010, and stands at up to 3.4 million full-time equivalent jobs in the current quarter. [2]


Among ARRA's most effective provisions for saving and creating jobs, according to CBO's estimates, are direct purchases of goods and services by the federal government, transfer payments to states (such as extra Medicaid funding), and transfer payments to individuals (such as increased food stamp benefits and additional weeks of unemployment benefits). CBO's estimates indicate that tax cuts are less effective job producers, and tax cuts for higher-income people have very low bang for the buck.

Call me when the unemployment rate is actually lower than when Barry took office.

Every president takes office in January. But the previous president's budget lasts until September. When Obama took office, the US was losing jobs at the rate of 750,000 a month. It why Bush threw money at the banks during his last days as president. On the last day of Bush budget, unemployment was at 10.1%. On the last day of Clinton's last budget, unemployment was at 5.3%.

Try to get past your hatred of the black man and figure out what that means.

Under Bush:

http://www.economicpopulist.org/content/24-million-jobs-lost-due-china-2001-2008

 

[Remodeling Maidiac]

The OP is a sham but this thread will grow to gigantic size as all the pointless ones always do.

It's a sham to people like you because it proves the right wrong, once again.

It doesnt prove anything, its just pure speculation and conjecture based on the parrimeters given to them by an outside entity. No fact based analysis at all.

You happen to think its true because it fits your wish list for our jackass of a president.

Were not all as shallow as you