Best Known Economic Research Firms Says Stimulus Added At Least 1.6 Million Jobs

[Modbert]

Economic Scene - Success of Stimulus Bill Is Noteworthy as Another Is Weighed - NYTimes.com

Just look at the outside evaluations of the stimulus. Perhaps the best-known economic research firms are IHS Global Insight, Macroeconomic Advisers and Moody’s Economy.com. They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs. The Congressional Budget Office, an independent agency, considers these estimates to be conservative.

[ame=http://www.youtube.com/watch?v=a8arvEzHsA8]YouTube - Fleetwood Mac - Don't Stop[/ame]

This is great news indeed! I'm sure several members on this board will however will not like this news.

 

[Oddball]

Naturally, people who try to prove positive results with negative evidence fail to show their work.

 

[Modbert]

Naturally, people who try to prove positive results with negative evidence fail to show their work.

So now the CBO is a Socialist Arm of the Democratic Party Dude? The CBO is constantly cited by both sides on here. Just recently, many including yourself I believe cited them on the issue of Health Care Reform.

If they say say it is a conservative estimate that the Stimulus added 2.5 million jobs overall, that's great news. Even if you don't like the stimulus.

 

[Oddball]

Doesn't address the logical fallacy of the situation.

Nor do they seem particularly eager to make estimates on how many jobs were destroyed, by expropriating funds from the private sector and/or inflating the currency.

But that's Keynesian voodoo economics for ya.

 

[Modbert]

Doesn't address the logical fallacy of the situation.

Nor do they seem particularly eager to make estimates on how many jobs were destroyed by expropriating funds from the private sector or inflating the currency.

But that's Keynesian voodoo economics for ya.

Why not make a real argument instead of attacking the best Economic Research Firms in the country and the CBO? Let me guess, they're all in Obama's pocket too as one part of a massive conspiracy?

 

[Oddball]

I'm pointing out where Keynesian witch doctors like to misdirect your attention.

Gubmint bureaucrats love visible "beneficiaries" and invisible casualties

 

[Polk]

Doesn't address the logical fallacy of the situation.

Nor do they seem particularly eager to make estimates on how many jobs were destroyed, by expropriating funds from the private sector and/or inflating the currency.

But that's Keynesian voodoo economics for ya.

Inflation doesn't destroy jobs. The opposite is true, in fact.

 

[Polk]

Doesn't address the logical fallacy of the situation.

Nor do they seem particularly eager to make estimates on how many jobs were destroyed by expropriating funds from the private sector or inflating the currency.

But that's Keynesian voodoo economics for ya.

Why not make a real argument instead of attacking the best Economic Research Firms in the country and the CBO? Let me guess, they're all in Obama's pocket too as one part of a massive conspiracy?

He won't make a real argument because he can't make a real argument.

 

[Oddball]

Whatever, tovarich.

 

[Polk]

Always sizzle from you, never any steak.

 

[Oddball]

G'head...Prove positive results with negative evidence.

I'm waiting.

 

[NYcarbineer]

Doesn't address the logical fallacy of the situation.

Nor do they seem particularly eager to make estimates on how many jobs were destroyed by expropriating funds from the private sector or inflating the currency.

But that's Keynesian voodoo economics for ya.

Why not make a real argument instead of attacking the best Economic Research Firms in the country and the CBO? Let me guess, they're all in Obama's pocket too as one part of a massive conspiracy?

Dude's in the 6% of the population who think they know everything and have all the answers, and yet, oddly, they never win elections beyond the occasional dog warden.

 

[Oddball]

You don't need to know all the answers to see hopelessly flawed logic from a block away.

 

[CrusaderFrank]

Doesn't address the logical fallacy of the situation.

Nor do they seem particularly eager to make estimates on how many jobs were destroyed, by expropriating funds from the private sector and/or inflating the currency.

But that's Keynesian voodoo economics for ya.

It's settled economic science and Krugman is already writing a column about it

 

[NYcarbineer]

One third of the stimulus package was TAX CUTS.

For Republicans to claim that the stimulus has not created any jobs is interesting. They are essentially claiming that tax cuts don't create jobs,

despite the fact that the centerpiece of every Republican idea for economic stimulus is tax cuts.

 

[CrusaderFrank]

One third of the stimulus package was TAX CUTS.

For Republicans to claim that the stimulus has not created any jobs is interesting. They are essentially claiming that tax cuts don't create jobs,

despite the fact that the centerpiece of every Republican idea for economic stimulus is tax cuts.

Tax cuts or tax credits?

 

[Xenophon]

Economic Scene - Success of Stimulus Bill Is Noteworthy as Another Is Weighed - NYTimes.com

Just look at the outside evaluations of the stimulus. Perhaps the best-known economic research firms are IHS Global Insight, Macroeconomic Advisers and Moody’s Economy.com. They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs. The Congressional Budget Office, an independent agency, considers these estimates to be conservative.

[ame=http://www.youtube.com/watch?v=a8arvEzHsA8]YouTube - Fleetwood Mac - Don't Stop[/ame]

This is great news indeed! I'm sure several members on this board will however will not like this news.

If they are the 'best known' why have we never heard of them before?

 

[NYcarbineer]

One third of the stimulus package was TAX CUTS.

For Republicans to claim that the stimulus has not created any jobs is interesting. They are essentially claiming that tax cuts don't create jobs,

despite the fact that the centerpiece of every Republican idea for economic stimulus is tax cuts.

Tax cuts or tax credits?

There is no difference.

 

[CrusaderFrank]

One third of the stimulus package was TAX CUTS.

For Republicans to claim that the stimulus has not created any jobs is interesting. They are essentially claiming that tax cuts don't create jobs,

despite the fact that the centerpiece of every Republican idea for economic stimulus is tax cuts.

Tax cuts or tax credits?

There is no difference.

Seriously?

Do you want to Google first?

 

[xsited1]

Economic Scene - Success of Stimulus Bill Is Noteworthy as Another Is Weighed - NYTimes.com
...

I'm all for job growth, but I'd have to have more information. Usually, the number of jobs created are simply counts provided by state agencies spending stimulus money. State-reported numbers are usually impossible to prove, contain errors and make bogus claims. The stimulus bill cost taxpayers nearly $1 trillion, so even if 2 million "real" jobs were created, that's still half a million dollars per job. That's totally unacceptable and the people who passed the bill should be thrown out of office ASAP.