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The stimulus worked and the ONLY people saying it did not is partisan hacks on the right
Really? Are you retarded? btw that's a rhetorical question.
"The stimulus has not created one private sector job." Gov. Rick Scott, 2010
PolitiFact Florida | Rick Scott says the stimulus didn't create a single private sector job
"You know, after the $1 trillion dollars stimulus bill that didnt create any jobs..." Boehner
"The Obama stimulus has been a monumental failure that hasn't created a single job..." Newt Gingrich
Gingrich And Boehner Argue Stimulus Is A Failure That Hasnt Created A Single Job | ThinkProgress
"The last stimulus bill didnt create one new job..." Scott Brown
PolitiFact | Scott Brown says stimulus 'didn't create one new job'
Etc., etc.
No, that was never the issue, except when it was.
I said "create jobs" not "create private sector jobs"
The truth is, the stimulus created temporary jobs....not real jobs. The jobs are only as good as long as the money lasts. It did nothing poisitive for creating permanent private sector jobs.
And no...I am not retarded. To the contrary, I am quite intelligent with a degree from Syracuse University in Economics (Maxwell School of Citizenship) and have run 3 companies of which one I sold after 5 years and the other two are surviving nicely during these difficult times.
You're an idiot and an asshole and if you have a degree from SU you must have sucked cock to get it because you are clueless when it comes to economics.
Did the stimulus work? A review of the nine best studies on the subject - Ezra Klein - The Washington Post
The stimulus worked and the ONLY people saying it did not is partisan hacks on the right
I guess Romer wasnt affiliated with the administration.The Unemployment rate was 8.2% when Obama signed the 'crapulus' bill into law in Fed 2009. We were told it would keep the rate from going above that level.
Since it was signed, the rate was below 9% only 4 of the 28 months that have passed.
Bureau of Labor Statistics Data
It did shit to the rate.
When were you told that stimulus would keep unemployment below 8%??
Lets see the quote
They were never told that, but they've definitely been told to say that.
Translated - they present the facts
we are so accurate in our forecasts we use the variables of million to millions.
Speaking of accuracy...What is the historical accuracy of the CBO? Anyone?
The CBO can only estimate from the figures they are given. Trash in, trash out.
By statute, CBO's baseline projections must estimate the future paths of federal spending and revenues under current law and policies. The baseline is therefore not intended to be a prediction of future budgetary outcomes; instead, it is meant to serve as a neutral benchmark that lawmakers can use to measure the effects of proposed changes to spending and taxes. So for that reason and others, actual budgetary outcomes are almost certain to differ from CBO's baseline projections
CBO's forecasting record.
if you understood the mindset of the American worker, you would understand that a temporary job is no more valuable to the economy than that same empoloyee being on unemployment.
What retard told you that?
So the millions of temporay jobs that come along every holiday season, or every summer when construction ramps up for example,
those jobs are of NO VALUE to the economy...according to you.
You may be the most stupid poster on this forum.
It is basic labor information you dickhead.
One who takes a temporary job but wants a permanent job, sees the temporary job as a means of income that he or she would othewrwise have via unemployment insurance...but as you know, your UI is deferred if working a temporary job.
When one is on a temporary job, as when on UI, one does not spend the same as if he/she were on a permanent job as one knows such income is temporary and thus concern of losing that income exists
So if one only spends 200 a week while on unemployment, and then gets a temp job from tax money...he will still only spend 200 a week
SO nothing changes...tax money is paying him...and he is still spending only 200 a week.
I suggest you understand the mindset of the wage earner before commenting.
You are making an ass of yourself.
I guess Romer wasnt affiliated with the administration.When were you told that stimulus would keep unemployment below 8%??
Lets see the quote
They were never told that, but they've definitely been told to say that.
Barack Obama's Stimulus Plan: Failing by Its Own Measure - TIME
Translated - they present the factswe are so accurate in our forecasts we use the variables of million to millions.
Speaking of accuracy...What is the historical accuracy of the CBO? Anyone?
The CBO can only estimate from the figures they are given. Trash in, trash out.
By statute, CBO's baseline projections must estimate the future paths of federal spending and revenues under current law and policies. The baseline is therefore not intended to be a prediction of future budgetary outcomes; instead, it is meant to serve as a neutral benchmark that lawmakers can use to measure the effects of proposed changes to spending and taxes. So for that reason and others, actual budgetary outcomes are almost certain to differ from CBO's baseline projections
CBO's forecasting record.
Nice try...but the unemployment rate was already over 8% when the stimulus passed
The Unemployment rate was 8.2% when Obama signed the 'crapulus' bill into law in Fed 2009. We were told it would keep the rate from going above that level.
Since it was signed, the rate was below 9% only 4 of the 28 months that have passed.
Bureau of Labor Statistics Data
It did shit to the rate.
It kept the rate from going to 11% or more.
The Unemployment rate was 8.2% when Obama signed the 'crapulus' bill into law in Fed 2009. We were told it would keep the rate from going above that level.
Since it was signed, the rate was below 9% only 4 of the 28 months that have passed.
Bureau of Labor Statistics Data
It did shit to the rate.
When were you told that stimulus would keep unemployment below 8%??
Lets see the quote
They were never told that, but they've definitely been told to say that.
keep lying , the stimulus wokred and the only people who say it didnt are partisan hacks
keep lying , the stimulus wokred and the only people who say it didnt are partisan hacks
Is that why new unemployment applications rose this past week to 417,000? Some stimulus!Obama's 2009 stimulus is still boosting jobs
The $825 billion economic stimulus law signed by President Obama in February 2009 is still having a positive impact on the economy some 30 months later, according to the nonpartisan Congressional Budget Office.
In its latest quarterly report, the agency said the law's combination of aid to states and localities, public works projects, tax cuts and other spending increased the number of people with jobs by 1 million to 2.9 million between April and June of this year.
It said the law lowered the unemployment rate for that quarter by 0.5 to 1.6 percentage points -- meaning the rate could have been above 10% without the law's stimulative provisions. And it said the law boosted economic growth in that quarter by 0.8% to 2.5%.
And to think....EVERY Republican voted against the stimulus
keep lying , the stimulus wokred and the only people who say it didnt are partisan hacks
Partisan hacks, business owners, democrats, republicans, economists...heck...even Obama said the shovel ready jobs were not as shovel ready as he expected.....I guess that was him saying "it worked like a charm".
TM....your posts are humorous.
I guess Romer wasnt affiliated with the administration.They were never told that, but they've definitely been told to say that.
Barack Obama's Stimulus Plan: Failing by Its Own Measure - TIME
You've obviously never read the actual report.
keep lying , the stimulus wokred and the only people who say it didnt are partisan hacks
Is that why new unemployment applications rose this past week to 417,000? Some stimulus!Obama's 2009 stimulus is still boosting jobs
The $825 billion economic stimulus law signed by President Obama in February 2009 is still having a positive impact on the economy some 30 months later, according to the nonpartisan Congressional Budget Office.
In its latest quarterly report, the agency said the law's combination of aid to states and localities, public works projects, tax cuts and other spending increased the number of people with jobs by 1 million to 2.9 million between April and June of this year.
It said the law lowered the unemployment rate for that quarter by 0.5 to 1.6 percentage points -- meaning the rate could have been above 10% without the law's stimulative provisions. And it said the law boosted economic growth in that quarter by 0.8% to 2.5%.
And to think....EVERY Republican voted against the stimulus
The Unemployment rate was 8.2% when Obama signed the 'crapulus' bill into law in Fed 2009. We were told it would keep the rate from going above that level.
Since it was signed, the rate was below 9% only 4 of the 28 months that have passed.
Bureau of Labor Statistics Data
It did shit to the rate.
It kept the rate from going to 11% or more.
no one....NO ONE...predicted the rate was going to 11%.
Not one economists on the left and not one on the right.
So I find that rationalization as a sign of "what the fuck did we do wrong"......
