Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
If you say it enough times, people might even believe you.The stimulus kept a recession from becoming a depression.
And all of it was caused by Phil Gramm's deregulation of the financial system which created a $516 TRILLION DOLLAR derivative bubble.
I see them every day.
Without the stimulus the housing industry and the automobile insdustry would be in much worst shape.
Tough to admit you are wrong, eh?
GM filed bankruptcy anyway. In the end all it did was to prolong the pain at the taxpayers expense.
Wrong.
The government kept a recession from becoming a depression.
The stimulus kept a recession from becoming a depression.
And all of it was caused by Phil Gramm's deregulation of the financial system which created a $516 TRILLION DOLLAR derivative bubble.
And all of it was caused by Phil Gramm's deregulation of the financial system which created a $516 TRILLION DOLLAR derivative bubble.
Yes I understand that someone who is not fired has a saved job, but how do you calculate those people? It's impossiable.
A saved job?
Easy.
Had the States not gotten additional help from the FEDS they'd be firing even more people then they are right now.
So those people they did not have to fire (like teachers, cops and so forth) still have jobs thanks to the bailout.
The bailout isn't a success, but it's not entirely a failure either.
If it isn't a success than what is it?
What is a saved job? How does one tell if a job is saved?
What is a saved job? How does one tell if a job is saved?
At the end of the academic year at my institution, multiple people were told that thanks to a lack of support from the state jobs would be terminated. In particular, their jobs. Our institution applied for, and received, stimulus money. Not every job put on the line was saved, but many all over campus were.
Those are saved jobs. If you want to track saved jobs, follow the money and look at the payrolls. How short was the company or institution prior to stimulus money, and how many jobs would have had to be terminated in order to cover that shortage.
Yes, the stimulus saved jobs.
There is only one necessary data point to make the "jobs-saved" claim: an accurate measure of expected employment levels in the future. That baseline data is critical to measure what the employment level would be in the absence of the stimulus. Unfortunately for the White House, they cannot possibly know that measurement within any degree of confidence -- and they know it.
To understand just how unknowable this data point is, it's not necessary to be an economist, a mathematician or a statistician.
You only need to know this: the Bureau of Labor Statistics (BLS) - thousands of the most professional and rigorous counters and analyzers of labor data in the history of mankind - makes TWO revisions of employment data for their ESTIMATE of the PREVIOUS month! And even then the reports are mere estimates - an annual benchmark survey is required to reset the nation's payroll baseline.
That is, the best employment statisticians the world has ever known, people whose lives are dedicated to employment data, conducting labor surveys and research, constantly refining their complex models, have a difficult time telling you how many jobs were created in the PAST!
In fact, monthly BLS revisions of past job creation estimates are routinely off by tens of thousands of jobs, and on occasion by more than a hundred thousand jobs. The annual benchmark surveys always reset employment levels by hundreds of thousands of jobs.
And we're supposed to believe that the Council of Economic advisors have acquired the clairvoyant ability to estimate payrolls in the future? Please.
Stats? Links? I've been looking and haven't found any concrete proof.
You cannot concretely measure such a thing, which is why Obama uses it. Since nobody can statistically measure a "saved job", only jobs lost, thus Obama can never be wrong.Measuring those saved is the tricky part.
You cannot concretely measure such a thing, which is why Obama uses it. Since nobody can statistically measure a "saved job", only jobs lost, thus Obama can never be wrong.Measuring those saved is the tricky part.
At Southwest Georgia Community Action Council, director Myrtis Mulkey-Ndawula said she followed the guidelines the Obama administration provided. She said she multiplied the 508 employees by 1.84 - the percentage pay raise they received - and came up with 935 jobs saved.
Since no metric exist by which one can prove that the stimulus saved any jobs, And since it passed another few million people lost their jobs the notion that it created any jobs is also spurious if one looks at total numbers.
Since no metric exist by which one can prove that the stimulus saved any jobs, And since it passed another few million people lost their jobs the notion that it created any jobs is also spurious if one looks at total numbers.
If a business was anticipating layoffs because of less future business and in the meantime got a federally funded contract that required retaining those employees, those would be saved jobs. So yes there are metrics to measure and prove that the stimulus saved certain jobs.
Wow. Thats a stretch, even for you.Since no metric exist by which one can prove that the stimulus saved any jobs, And since it passed another few million people lost their jobs the notion that it created any jobs is also spurious if one looks at total numbers.
If a business was anticipating layoffs because of less future business and in the meantime got a federally funded contract that required retaining those employees, those would be saved jobs. So yes there are metrics to measure and prove that the stimulus saved certain jobs.
What is a saved job? How does one tell if a job is saved?
At the end of the academic year at my institution, multiple people were told that thanks to a lack of support from the state jobs would be terminated. In particular, their jobs. Our institution applied for, and received, stimulus money. Not every job put on the line was saved, but many all over campus were.
Those are saved jobs. If you want to track saved jobs, follow the money and look at the payrolls. How short was the company or institution prior to stimulus money, and how many jobs would have had to be terminated in order to cover that shortage.
Yes, the stimulus saved jobs.
You cannot concretely measure such a thing, which is why Obama uses it. Since nobody can statistically measure a "saved job", only jobs lost, thus Obama can never be wrong.Measuring those saved is the tricky part.
You're saying "concretely", when I think you mean "accurately". You can provide concrete examples of jobs saved that would stand up to investigation, though such evidence will be considered ancedotal on a board like this.
What you can't do is say exactly how many were saved and lost. You can certainly give estimates, but that is all they will be, estimates.
Since no metric exist by which one can prove that the stimulus saved any jobs, And since it passed another few million people lost their jobs the notion that it created any jobs is also spurious if one looks at total numbers.
If a business was anticipating layoffs because of less future business and in the meantime got a federally funded contract that required retaining those employees, those would be saved jobs. So yes there are metrics to measure and prove that the stimulus saved certain jobs.