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Thread: CBO: Stimulus hurts economy in the long run

  1. #101
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    Naw, these results are what the liberals were looking for. The more they can keep dependent the more power they get


    25 million unemployed or under employed Americans in 2011(bls.gov)154.1 X 16.2% Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics : U.S. Bureau of Labor Statistics

    14.8 million unemployed PLUS Discouraged workers Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics : U.S. Bureau of Labor Statistics

    2.2 million fewer jobs(bls.gov) Notice: Data not available: U.S. Bureau of Labor Statistics ln : U.S. Bureau of Labor Statistics

    4.4 trillion added to the debt in less than 3 years(U.S. Treasury Site) Government - Historical Debt Outstanding – Annual Government - Debt to the Penny (Daily History Search Application)

    1/21/2009 6,307,084,792,840.85 4,317,968,751,468.94 10,625,053,544,309.70

    11/22/2011 10,326,530,350,389.40 4,721,461,154,539.92 15,047,991,504,929.30

    Down grade of U.S. Credit rating(S&P)

    Rising Misery index 7.83 to 12.53 The United States Misery Index By Year

    38-44% JAR and well over 50-55% disapproval ratings(Gallup)
    Gallup Daily: Obama Job Approval

    US Poverty Hits Record High: 1 in 6 Americans Living Below Poverty Line | Economy Watch
    Report: Poverty hits record level - MJ Lee - POLITICO.com

    “Fast and Furious”, “Wide Receiver”

    Solyndra, Fisker, and Crony Capitalism Jobs Panel Member Whose Solar Firm Won Loan Guarantees Raises 'Conflict Of Interest' Concerns | Fox News

    Solyndra solar power company shuts down 15 months after Obama visit
    Solyndra solar power company shuts down 15 months after Obama visit

    The Tonopah Solar company in Harry Reid's Nevada is getting a $737 million loan from Obama's DOE.
    The project will produce a 110 megawatt power system and employ 45 permanent workers.
    That's costing us just $16 million per job.

    One of the investment partners in this endeavor is Pacific Corporate Group (PCG).
    The PCG executive director is Ron Pelosi who is the brother of Nancy's husband.
    But there is nothing wrong here, is there?

    U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News

    U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News

    Stimulus failure

    Review & Outlook:Why the Stimulus Failed - WSJ.com
    I've said it for years: the poor man's party has nothing to gain from their being fewer poor people.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  2. #102
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by apdst View Post
    I've said it for years: the poor man's party has nothing to gain from their being fewer poor people.
    You not only said it for years,you've said it twice...in this thread.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  3. #103
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    Re: CBO: Stimulus hurts economy in the long run

    In the end, conservatives on this board have long recognized that CBO scoring has benefited the group, or person that gives it the data to score. This is a major reason why over the years their projections have nearly always ended in a re estimation of their original score, because they are usually not allowed to independently research their facts, but can only work off of what is provided to them as parameters.


    For example, take Obama's Health Care bill....

    There are a number of problems associated with CBO’s estimates. Some have to do with the games Congress itself plays with numbers. In the case of highly complex programs like health care, a myriad of variables can throw estimates off. In fact, the government’s track record for estimating health-care program costs is poor.

    Congress usually asks CBO to judge a bill’s budget impact over 10 years. In the case of health-care reform, Congress is seeking to fudge the budget impact of the program by starting the program in 2013. But the CBO’s 10-year estimates start with 2010, so that they actually include costs for seven program years.

    Read more: Congressional Budget Office consistently wrong on health-care estimates | The Daily Caller

    So that CBO is now coming back after the fact and saying 'ooops, sorry, we got it wrong' is really no surprise at all.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by treedancer View Post
    You not only said it for years,you've said it twice...in this thread.
    A post so nice, it was worth sayin' twice.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  5. #105
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by AdamT View Post
    Anyone can find an outlier paper to support a given position. The vast majority of economists would disagree wtih the UCLA paper.

    Did FDR’s New Deal policies really prolong the Great Depression? Will Obama’s policies have a similar effect? « Rebel
    What makes his source more of an outlier than yours?
    If you expect people to be rational, you aren't being rational.

  6. #106
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by MrVicchio View Post
    Since it was Gvoernment edicts like "You WILL loan to people that cannot afford houses" and "Freddie and Fannie will buy your toxic" mortgages that caused the housing bubble to forment and explode, it appears once again, you have failed in your quest to exound the virtues of Central Planning, Government Control and Communism.
    The last word of your post turned a good post into a bad post.
    If you expect people to be rational, you aren't being rational.

  7. #107
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by AdamT View Post
    Ninety-nine economists contradict them and one supports them
    link please
    Last edited by mpg; 11-25-11 at 06:50 PM.
    If you expect people to be rational, you aren't being rational.

  8. #108
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by mpg View Post
    The last word of your post turned a good post into a bad post.
    It may not be full blown, but tenants exist.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  9. #109
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by mpg View Post
    What makes his source more of an outlier than yours?
    It simply is, insofar as it is a minority position. It has also been beaten down rather thoroughly. Misrepresenting the Recovery from the Great Depression « Uneasy Money

  10. #110
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by j-mac View Post
    Here we go with the "MOST" agree meme....This is an elementary tactic that the only objective to use it is to stifle debate, and not have to debate differing points of view. It is pure Allenski tactic and should be dismissed at best, and taken as a concession of loss of argument in your part in the debate. Nice try though.


    j-mac
    Really? Is that what you would say if most doctors diagnosed you with cancer? Or most scientists concluded that a food aditive was carcinogenic? Or if the vast majority of climatologists had concluded that anthropogenic global warming was a real problem?

    Pointing out that most experts say X, Y, or Z is not intended to stifle debate. It is simply a fact relevant to the debate. It only offends you because you generally find yourself inexpertly arguing points that most experts do not support.

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