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Thread: Republicans block Obama jobs bill

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Bob Blaylock View Post
    If that were true, then they would step aside, and let the President and his lackeys continue to trash the economy with no opposition from them.
    If that were true they would block a jobs bill that economists say would significantly reduce unemployment and boost GDP, drastically reducing the chance of a double-dip recession next year.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by AdamT View Post
    If that were true they would block a jobs bill that economists say would significantly reduce unemployment and boost GDP, drastically reducing the chance of a double-dip recession next year.
    Nobody says that.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Chappy View Post
    Once again conservatives in Congress demonstrate that they are a greater threat to the well being of the nation that bin Laden ever was.
    Shameful. Absolutely shameful.
    Michael J Petrilli-"Is School Choice Enough?"-A response to the recent timidity of American conservatives toward education reform. https://nationalaffairs.com/publicat...-choice-enough

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    Re: Republicans block Obama jobs bill

    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by 1Perry View Post
    Nobody says that.
    The libs can always rely on a handful of failed keynesian economists to endorse any and all borrow and spend bills. adamt listed one source and this what they actually wrote...

    Because these initiatives are planned to expire by the end of 2012 — except for the infrastructure spending, which has a longer tail — the GDP and employment effects are expected to be temporary.
    •That is, these proposals will pull forward increases in GDP and employment, not permanently raise their level

    So what they are saying is if the fed gov't borrows a bunch of money and spends it quickly, the GDP numbers will be artificially higher during the spending period. What these econtards don't factor into the equation is the drop in GDP in later periods when the higher taxes and debt service costs become a drain on the economy.

    Porkulus II is dead. BO knew the bill wouldn't pass, he simply wanted a campaign slogan.
    I love the smell of burning moonbat in the morning.

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    Re: Republicans block Obama jobs bill

    These are hacks. Not economists. Here we go.

    BMO Nesbitt Burns: “Still, if the tax cut proposals are passed in Congress, and if at least half end up spurring demand, the plan would provide a decent boost to 2012 GDP growth. Instead of growing a modest 2.5 per cent, as we currently anticipate, the economy could grow 3.25 per cent, putting a more meaningful dent in the unemployment rate, which we believe will fall from 9.1 per cent currently to 8.5 per cent by the end of next year, in the absence of stimulus. Importantly, the tax cuts would meaningfully reduce recession odds, which are currently pegged at roughly one-in-three.”

    This is the same arguement for the first stimulus that was going to lower unemployment but did the opposite. The arguement goes like this. "If this stimulus does all the things we predicted the first one would do but didn't, then we will get these results".

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by conservativeguy View Post
    The libs can always rely on a handful of failed keynesian economists to endorse any and all borrow and spend bills. adamt listed one source and this what they actually wrote...

    So what they are saying is if the fed gov't borrows a bunch of money and spends it quickly, the GDP numbers will be artificially higher during the spending period. What these econtards don't factor into the equation is the drop in GDP in later periods when the higher taxes and debt service costs become a drain on the economy.

    Porkulus II is dead. BO knew the bill wouldn't pass, he simply wanted a campaign slogan.
    It was indeed a presidential re-election bill.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by 1Perry View Post
    These are hacks. Not economists. Here we go.

    BMO Nesbitt Burns: “Still, if the tax cut proposals are passed in Congress, and if at least half end up spurring demand, the plan would provide a decent boost to 2012 GDP growth. Instead of growing a modest 2.5 per cent, as we currently anticipate, the economy could grow 3.25 per cent, putting a more meaningful dent in the unemployment rate, which we believe will fall from 9.1 per cent currently to 8.5 per cent by the end of next year, in the absence of stimulus. Importantly, the tax cuts would meaningfully reduce recession odds, which are currently pegged at roughly one-in-three.”



    This is the same arguement for the first stimulus that was going to lower unemployment but did the opposite. The arguement goes like this. "If this stimulus does all the things we predicted the first one would do but didn't, then we will get these results".
    Are you saying the $800 billion Porkulus I didn't keep unemployment well below 8%, as promised?

    unemployment-rate-obama-stimulus.jpg
    I love the smell of burning moonbat in the morning.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by conservativeguy View Post
    Are you saying the $800 billion Porkulus I didn't keep unemployment well below 8%, as promised?

    unemployment-rate-obama-stimulus.jpg
    Hypotheticals aren't really helpful.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Chappy View Post

    Once again conservatives in Congress demonstrate that they are a greater threat to the well being of the nation that bin Laden ever was.
    Conservatives prove yet again they don't want the economy to improve while Obama is president.

    What's bad for America is good for Conservatives.

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