New study shows what really works to improve an economy

[boedicca]

Your link NEVER mentioned PERI , you provided no evidence of the claim that it is a front for CAP.

Political Economy Research Institute - SourceWatch

The PERI is under commission by the Center for American Progress.

peri.umass.edu "Center for American Progress" - Google Search

If you search PERI's site, and Center for American Progress; you'll see that every one of their reports (if you read them) cite CAP as a sponsor/commissioner. Additionally, you'll find the page at PERI that describes itself closely interlinked with the CAP.

If all your major work is done for one institute... How else do you describe yourself?

Now I understand you refuse to read anything that doesnt make you feel good about your failed ideas but that doesnt give you a pass on facts.

It'd be better if you understood your sources.

Excellent Ownage on the part of Metternich.

TM once again proves she has no clue about what she is spewing.

 

[onecut39]

And why was that?

Because your ******* moronic Messiah pissed it away. Idiot.

And... for the record.... research doesn't 'show', it suggests.

An editorial in a Twin Cities Suburban newspaper:

Stimulus dollars creating jobs in Minnesota PDF Print
Wednesday, 21 July 2010

by Don Heinzman

A central question for Minnesotans is the effectiveness of spending American Recovery and Reinvestment Act (stimulus) dollars in Minnesota.

Up to now, a little over $3 billion of the $5 billion allocated to state agencies has been allocated, with the program due to expire in 2012.

Most economists agree that were it not for the stimulus money, which is credited for saving or preserving two million jobs, the national unemployment rate would be 11 percent.

In Minnesota, the unemployment rate in June was 6.8 percent, according to the Department of Employment and Economic Development (DEED). That report shows 2.65 million Minnesotans were employed while 202,000 were unemployed.

This compares to a year ago when the unemployment rate in June was 8.4 percent, a recession high. DEED officials report that Minnesota’s unemployment rate, from a year ago to now, has dropped the most of any state in the nation.

Tom Stinson, Minnesota’s State Economist and a professor from the University of Minnesota, said that up to now since the program began last July, 20,000 jobs were directly or indirectly created in Minnesota. It’s projected that when the final results are in at the end of 2012, the federal stimulus money either will have saved on created 40,000 jobs for Minnesotans.

Critics of the program contend the stimulus money hasn’t created enough jobs and many of the jobs are government jobs. The Minnesota Department of Transportation is awarding grants of $586.1 million for infrastructure and most of that money is flowing to private sector jobs.

The Department of Finance and Administration reports that $910 million of stimulus money has been spent on job creation so far.

It has reported that based on 40-hour full-time equivalent jobs created and saved, 11,852 jobs were reported Sept. 29 of last year, 10,300 were reported in January and 8,961 were reported March 31. (The federal government reported that jobs from all grants for March 31 for a three-month period were 11,414).

The public, however, according to polls, is skeptical of results from spending stimulus money.

One observer noted that the public doesn’t realize how bad things were economically and how much worse the state and nation would be without these pump-priming dollars.

What’s not well known and clouding the picture is that well over half of the money spent by state agencies has not been spent for job creation. Instead, well over half has been spent to pay unemployment compensation the state could not afford and for Medicaid, the state’s health care system.

In Minnesota, $1.245 billion in stimulus funds was paid in unemployment benefits and $1.402 billion for Medicaid the state’s health care system. Without those federal dollars, the state would have had to cut expenses or raise revenues.

In addition, without the stimulus money match of $785,265 for education, $2 billion in state funding for K-12 and higher education faced cuts, since the Legislature was not about to raise taxes.

In K-12 education, special education was awarded $189.8 million, Title I to reduce the achievement gap, $94.7 million and K-12 operations, $447.4 million.

With another two years to go, it’s too early to evaluate how many new and saved jobs will be created in Minnesota, but considering the tough economic conditions, Minnesota amazingly is on track to achieve the 40,000 jobs projection.

Editor’s note: Don Heinzman is editorial writer for ECM Publishers Inc.

 

[johnrocks]

The Political Economy Research Institute is a front for the Center for American Progress. They describe themselves as a think-tank that aims for "progressive" values that "critique the policy that stems from conservative values." Obviously, they are not an unbiased source and should be treated as such. This was, after all, the institute which manged to reach the conclusion that radio stations must abide by national and local caps to ownership; yet no other media establishment should face the same restriction. Their reason--I take it straight from the report--was described as "conservative ownership." Furthermore, I could find no peer-review of the paper from the OP and similarly, must take it with more than a healthy dose of salt.

This institute I don't personally care for because, for all of its declarations of public accountability and progressive idealism, refuses to disclose who contributes to the institution. This was brought up by Politico and ever since then I've noticed (such as this article) most of their articles seems to be catering towards a certain established interest. In short, they aren't acting like progressives; they're just a front for the Democrat machine.

Nice job of uncovering the connection
Thread killed or should be.

 

[SFC Ollie]

NEW? I don't think so, it's the same old progressive Democrat BS that bigger government and more spending will cure all our ills.

BULL SHIT

 

[CountofTuscany]

Republicans Voting Against Stimulus Then Asked Obama for Money - Bloomberg

The republicans repetedly claimed tax cuts work and spending doesnt.

They fought for reductions in the stim package and then would turn arround and voted against it anyway.

They then turned arround and held their hands out for the money.


Why didnt they fight FOR our economy instead of just voting against the dems?

Because they wanted the package to fail because they place party over country.

Mute point. They voted for what they felt was right. The democrats didn't need the Republican vote and put their bill through with out them. The point here is their bill didn't do what they claimed it would. I can't fault the Republicans for this. Their recommendations were not included in the bill. We don't know if they would or would not have made a difference.

I think had the Democrats done what they said they were going to do we would have seen better results.

 

[The Rabbi]

And why was that?

Because your ******* moronic Messiah pissed it away. Idiot.

And... for the record.... research doesn't 'show', it suggests.

An editorial in a Twin Cities Suburban newspaper:

Stimulus dollars creating jobs in Minnesota PDF Print
Wednesday, 21 July 2010

by Don Heinzman

A central question for Minnesotans is the effectiveness of spending American Recovery and Reinvestment Act (stimulus) dollars in Minnesota.

Up to now, a little over $3 billion of the $5 billion allocated to state agencies has been allocated, with the program due to expire in 2012.

Most economists agree that were it not for the stimulus money, which is credited for saving or preserving two million jobs, the national unemployment rate would be 11 percent.

In Minnesota, the unemployment rate in June was 6.8 percent, according to the Department of Employment and Economic Development (DEED). That report shows 2.65 million Minnesotans were employed while 202,000 were unemployed.

This compares to a year ago when the unemployment rate in June was 8.4 percent, a recession high. DEED officials report that Minnesota’s unemployment rate, from a year ago to now, has dropped the most of any state in the nation.

Tom Stinson, Minnesota’s State Economist and a professor from the University of Minnesota, said that up to now since the program began last July, 20,000 jobs were directly or indirectly created in Minnesota. It’s projected that when the final results are in at the end of 2012, the federal stimulus money either will have saved on created 40,000 jobs for Minnesotans.

<snip>

What a ******* load of bullshit. "Most economists" do not agree that. Most economists recognize that it was a boondoggle from the get go. There were 200, including Nobel Prise winners, who wrote exactly that when this crap was first proposed. And "most economists" does not include either Christine Romer, who bailed on the administration or Peter Orszag, who did the same.
And the fact that he parrots the "saved or created" meme tells you which team he's batting for.

 

[Quantum Windbag]

New Study: Funding Public Services is the Best Route to Prosperity Talking Union


The New England states, can no longer afford to spend scarce resources on tax credits and other business giveaways. Instead, the region needs to focus its economic development efforts on rebuilding neglected infrastructure and improving education for people at all levels, from pre-school youngsters to older adult workers.

Those are the conclusions of a new study released today by economist Jeffrey Thompson of the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst. Thompson’s paper is based on his extensive analysis of research on what works and doesn’t work to create jobs and strengthen state and regional economies. It suggests a better approach to economic development, one that the New England states should pursue as they slowly dig out from the Great Recession that began in late 2007.

 

[Quantum Windbag]

New Study: Funding Public Services is the Best Route to Prosperity Talking Union


The New England states, can no longer afford to spend scarce resources on tax credits and other business giveaways. Instead, the region needs to focus its economic development efforts on rebuilding neglected infrastructure and improving education for people at all levels, from pre-school youngsters to older adult workers.

Those are the conclusions of a new study released today by economist Jeffrey Thompson of the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst. Thompson’s paper is based on his extensive analysis of research on what works and doesn’t work to create jobs and strengthen state and regional economies. It suggests a better approach to economic development, one that the New England states should pursue as they slowly dig out from the Great Recession that began in late 2007.

Isn't this what we were told the main focus of the Economic Stimulus Package would be? It was all about rebuilding what they called our crumbling infrastructure. We were going to create jobs by rebuilding a neglected America. I was all for it, but it never materialized. A token dollar amount was allocated to this cause.

Don't be such a cynic, the Republicans messed it up because they didn't like it because Bush lost the election. Anyone would know that if they had ever read anything TM had ever said, because that is all TM ever says.

 

[iamwhatiseem]

We'll see if your still singing the same tune after the Democrats bail out union pensions with our taxes.
It's gonna happen.

 

[syrenn]

Note the very few replys to real information on what works?

Its union real. That means its a only to further the union agenda. Dues.

No one replys TM because your a nut case.

 

[code1211]

And why was that?

I'm not at all sure. Wasn't the reason explained to those of you that so ardently support the people who proposed, approved of, passed and signed this legislation? The Trillion dollare Failed Stimulus was supposed to have done exactly what you are saying is the prescription for recovery.

The reasonable explanation of why the stimulus has been a success was withheld from the rest of us so all we can judge it on is the results which is a long list of dismal waste and failure.

Since you support it, there must be some reasons that are not apparent.

What are they?

 

[code1211]

Republicans Voting Against Stimulus Then Asked Obama for Money - Bloomberg

The republicans repetedly claimed tax cuts work and spending doesnt.

They fought for reductions in the stim package and then would turn arround and voted against it anyway.

They then turned arround and held their hands out for the money.


Why didnt they fight FOR our economy instead of just voting against the dems?

Because they wanted the package to fail because they place party over country.

I don't favor tax cuts either.

That said, the Republicans voted against this Grand Theft: Government for the same reason that i wash my hands after scooping poop out of kitty litter. I don't want any part of that on my hands.

If you see someone trying to burn down your house and fight stop them, is that just obstructionism or is in some way an effort to save your house?

 

[code1211]

Note the very few replys to real information on what works?

The way to stimulate the economy is to stimulate spending. We actually saw this happen in the real world when the Cash for Clunkers program was initiated. There was real world, real measurable, real increase in the economy.

As soon as this was noticed by the administration, they did everything that was needed to dismantle it.

Kind of makes you wonder what the real goals of this administration are, doesn't it? If not, it should.

 

[California Girl]

did either of you actually read the study?

Yep. Did you bother to research what has happened, economically, in countries where the public sector has grown disproportionately to the private sector?

And... yet again.... you take a baised study and march lock step with what that study "shows"... It shows jack shit other than the researchers allowed their bias to influence their results.

Bad science does not 'show' anything. Anyone who knows even a little about research knows better than to state that a study 'shows' anything. Studies 'suggest' they do not 'show'... That is fact.

 

[Middleman]

New Study: Funding Public Services is the Best Route to Prosperity Talking Union


The New England states, can no longer afford to spend scarce resources on tax credits and other business giveaways. Instead, the region needs to focus its economic development efforts on rebuilding neglected infrastructure and improving education for people at all levels, from pre-school youngsters to older adult workers.

Those are the conclusions of a new study released today by economist Jeffrey Thompson of the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst. Thompson’s paper is based on his extensive analysis of research on what works and doesn’t work to create jobs and strengthen state and regional economies. It suggests a better approach to economic development, one that the New England states should pursue as they slowly dig out from the Great Recession that began in late 2007.

I'm all for it if it's done right. I've seen some idiotic projects in my neck of the woods, however.

 

[Middleman]

And why was that?

Because your ******* moronic Messiah pissed it away. Idiot.

And... for the record.... research doesn't 'show', it suggests.

I don't trust 'research' done by some academic in Massachusetts who has never had a real job.

 

[code1211]

And why was that?

Because your ******* moronic Messiah pissed it away. Idiot.

And... for the record.... research doesn't 'show', it suggests.

An editorial in a Twin Cities Suburban newspaper:

Stimulus dollars creating jobs in Minnesota PDF Print
Wednesday, 21 July 2010

by Don Heinzman

A central question for Minnesotans is the effectiveness of spending American Recovery and Reinvestment Act (stimulus) dollars in Minnesota.

Up to now, a little over $3 billion of the $5 billion allocated to state agencies has been allocated, with the program due to expire in 2012.

Most economists agree that were it not for the stimulus money, which is credited for saving or preserving two million jobs, the national unemployment rate would be 11 percent.

<snip>
.

If ifs and buts were candy and nuts, what a Merry Christmas we'd all have.

The goal of the Stimulus according too those who were perpetrating the fraud, was to maintain unemployment below 8%. Measuring success by their own standards, they failed.

This article now explains that the Failed Stimulus propped up the failing economy by limiting the failure to to only 80% of the disaster that could have occurred in their most recent vision of doom if the program which they planned, proposed, passed and signed had been ignored.

Isn't it funny how no matter how many more times you cut the end off of the board, the darn thing is still too short?

 

[Middleman]

How about studying the effect of the nation living within its means, and not spending more than it takes in?

 

[California Girl]

And why was that?

Because your ******* moronic Messiah pissed it away. Idiot.

And... for the record.... research doesn't 'show', it suggests.

I don't trust 'research' done by some academic in Massachusetts who has never had a real job.

The first question I ask when it comes to 'research' (and I deal with research a LOT), is who funded it. Second, who worked on it. Third, What methodolgy was used. Fourth, what did previous research suggest. And, then what were the outcomes - ALL the outcomes - not just bits of it. etc etc etc. You ask these questions because research never 'shows' anything..... No legitimate researchers would use that term. Ever. Because research is never clear cut or absolute.

Only a total partisan would think otherwise.

 

[California Girl]

And why was that?

Because your ******* moronic Messiah pissed it away. Idiot.

And... for the record.... research doesn't 'show', it suggests.

[SIZE=""]
An editorial in a Twin Cities Suburban newspaper:

Stimulus dollars creating jobs in Minnesota PDF Print
Wednesday, 21 July 2010

by Don Heinzman

A central question for Minnesotans is the effectiveness of spending American Recovery and Reinvestment Act (stimulus) dollars in Minnesota.

Up to now, a little over $3 billion of the $5 billion allocated to state agencies has been allocated, with the program due to expire in 2012.

Most economists agree that were it not for the stimulus money, which is credited for saving or preserving two million jobs, the national unemployment rate would be 11 percent.

In Minnesota, the unemployment rate in June was 6.8 percent, according to the Department of Employment and Economic Development (DEED). That report shows 2.65 million Minnesotans were employed while 202,000 were unemployed.

This compares to a year ago when the unemployment rate in June was 8.4 percent, a recession high. DEED officials report that Minnesota’s unemployment rate, from a year ago to now, has dropped the most of any state in the nation.

Tom Stinson, Minnesota’s State Economist and a professor from the University of Minnesota, said that up to now since the program began last July, 20,000 jobs were directly or indirectly created in Minnesota. It’s projected that when the final results are in at the end of 2012, the federal stimulus money either will have saved on created 40,000 jobs for Minnesotans.

Critics of the program contend the stimulus money hasn’t created enough jobs and many of the jobs are government jobs. The Minnesota Department of Transportation is awarding grants of $586.1 million for infrastructure and most of that money is flowing to private sector jobs.

The Department of Finance and Administration reports that $910 million of stimulus money has been spent on job creation so far.

It has reported that based on 40-hour full-time equivalent jobs created and saved, 11,852 jobs were reported Sept. 29 of last year, 10,300 were reported in January and 8,961 were reported March 31. (The federal government reported that jobs from all grants for March 31 for a three-month period were 11,414).

The public, however, according to polls, is skeptical of results from spending stimulus money.

One observer noted that the public doesn’t realize how bad things were economically and how much worse the state and nation would be without these pump-priming dollars.

What’s not well known and clouding the picture is that well over half of the money spent by state agencies has not been spent for job creation. Instead, well over half has been spent to pay unemployment compensation the state could not afford and for Medicaid, the state’s health care system.

In Minnesota, $1.245 billion in stimulus funds was paid in unemployment benefits and $1.402 billion for Medicaid the state’s health care system. Without those federal dollars, the state would have had to cut expenses or raise revenues.

In addition, without the stimulus money match of $785,265 for education, $2 billion in state funding for K-12 and higher education faced cuts, since the Legislature was not about to raise taxes.

In K-12 education, special education was awarded $189.8 million, Title I to reduce the achievement gap, $94.7 million and K-12 operations, $447.4 million.

With another two years to go, it’s too early to evaluate how many new and saved jobs will be created in Minnesota, but considering the tough economic conditions, Minnesota amazingly is on track to achieve the 40,000 jobs projection.

Editor’s note: Don Heinzman is editorial writer for ECM Publishers Inc.[/SIZE]

So what?

It's an editorial... an opinioin piece.... You think that counters what I say? LOL.

And... for the record.... enlarging the font doesn't make your point any more valid.... Idiot. And, where the hell is the link - read the T&Cs of this site. LINK!