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Thread: Republicans block Obama jobs bill

  1. #731
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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Catawba View Post
    Where are the economists that pan the American Jobs Act in favor of the GOP Jobs Plan???
    You seem to think economists matter to me. they are about half as accurate as weather forecasters



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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Catawba View Post
    300 economists agree: We really do need a second stimulus and infrastructure investment. But right-wingers just say No

    Again, where are the economists that say the American Jobs Act won't help the economy? And where are the economists saying the GOP Jobs Plan will have any discernible result???
    It really doesn't matter what 300 goofy economist believe, does it? It is not going to happen. We are not going to borrow or print the money to create a slush fund for the Democrats. Give it up. It is a lie. You know it is a lie. It is a fraud. You know it is a fraud. This is just another way to get money into the hands of democrat politicians.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Catawba View Post
    Where are the economists that pan the American Jobs Act in favor of the GOP Jobs Plan???
    I suspect they are busy working at real jobs. Perhaps they are not point-headed liberals unable to make a real living. What else can they do than support the one term Marxist president Obama's slush fund bill? Maybe they will get some of the pay out.

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    Re: Republicans block Obama jobs bill

    300 socialist economist agree and I am supposed to be impressed?

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Catawba View Post
    According to the news source referenced:

    "Republicans in the US Senate have blocked President Barack Obama's jobs bill in a procedural vote."
    This is actually quite funny. Do you believe that because democrats call it a jobs bill that is has anything to do with private sector jobs? Or are you like the one term Marxist, his very goofy VP, and other democrats who believe that government jobs are just exactly what we need?

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Dickieboy View Post
    Please disregard the previous post...I just realized the article came from a website called 'crooks and liars'. NO wonder it misrepresented the truth.
    LOL. I was going to mention that. The website consists of mostly crooks and liars. Or as they call themselves, Progressives.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by TurtleDude View Post
    You seem to think economists matter to me. they are about half as accurate as weather forecasters
    This is is by some economists from 2003:

    The tax cut plan proposed by President Bush is not the answer to these problems. There is wide agreement that its purpose is a permanent change in the tax structure and not the creation of jobs and growth in the near-term. The permanent dividend tax cut, in particular, is not credible as “short-term stimulus.”


    The administration claims that their proposal “would provide near-term support for the recovery and have a significant effect on the rate of long-term economic growth” (CEA 2/4/03, p. 4). The administration has chosen to emphasize the importance of raising long-term growth rather than short-term stimulus, so we should examine those claims first.


    It is remarkable that the administration’s own analysis (Hubbard 2/4/03; CEA 2/4/03) shows that the administration’s plan is not effective at creating jobs or growth in the long-term. As Figure 3 shows, the administration claims its plan will generate more growth in GDP and in jobs in the first two years than over the first five years. This implies that GDP growth and jobs actually decline in 2005, 2006, and 2007 relative to what we would expect if no plan was implemented at all. In fact, growth in the 2005-07 period declines 0.8%, and there are 701,000 fewer jobs created as a result of the plan. CEA Chair Hubbard’s testimony (see Hubbard Chart 3) shows that the plan has no effect over the four quarters of 2005, suggesting that the Bush plan causes growth to be lower by 0.4% in both 2006 and 2007.


    Congressional Testimony on Jobs and Stimulus | EPI Viewpoints | Economic Policy Institute

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by winston53660 View Post
    In fact, growth in the 2005-07 period declines 0.8%, and there are 701,000 fewer jobs created as a result of the plan. CEA Chair Hubbard’s testimony (see Hubbard Chart 3) shows that the plan has no effect over the four quarters of 2005, suggesting that the Bush plan causes growth to be lower by 0.4% in both 2006 and 2007.
    But the data proves this statement incorrect thus supporting what Turtle said about 'weather forecasters'. Unemployment didn't start to rise until '08. From '05-'07 UE hovered just under 5% (per BLS). The GDP, like UE, didn't start to decline until Q2, 2008 (per BEA). Again, just how accurate are these economist? Either party?

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    Re: Republicans block Obama jobs bill

    Further, the article you cite discusses economic predictions based on the effect of the '03 tax cuts. It is commonly accepted that the decline in GDP and increase in UE was based on the bust of the housing (mortgage) market on various levels. This would appear to totally negate the validity of the economist's predictions in your article.

  10. #740
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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    American Jobs Bill?

    From ABC News, today:
    With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.

    Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.
    Of course you love it when jobs are outsource to other nations. That just shows how radical conservatives have become today. Rooting against Americans.


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