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Thread: US economy creates 243,000 jobs in January

  1. #341
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    So you think cutting SS and Medicare funding is a tax cut?
    Well, that is where I find the large numbers that tell me how much the government has taken from me.

    SS and Medicare aren't long term obligations for the govt? They are an expense and cutting their funding means those IOU's have to be repaid with borrowed or printed dollars.
    And this directly leads to my point. The government is going to print or borrow rather than receive funds from the people expecting to receive a benefit. This Administration is decoupling how we pay for those two programs. Can means testing be far behind? Once that happens we have two more welfare programs.

    Then maybe we can reform them out of existence.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Misterveritis View Post
    Well, that is where I find the large numbers that tell me how much the government has taken from me.


    And this directly leads to my point. The government is going to print or borrow rather than receive funds from the people expecting to receive a benefit. This Administration is decoupling how we pay for those two programs. Can means testing be far behind? Once that happens we have two more welfare programs.

    Then maybe we can reform them out of existence.
    Apparently what many people who support Obama and the payroll tax cut don't seem to understand is that SS and Medicare are funded by the Payroll taxes and either they aren't working and paying payroll taxes or they don't understand that reality. Rather frustrating dealing with liberals these days. Nothing changes their mind including actual facts.

  3. #343
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Right, the stimulus package that as passed and signed in February 2009 that did absolutely nothing to stimulate the private sector. Now it is three years later and you want to take credit for the stimulus working? Seems you and other Obama supporters are the only ones claiming success for a three year old program designed for shovel ready jobs that didn't exist.
    Old propaganda. Man, that propaganda is so old -- how old is it? -- that it's got mold on it. Bo-ring [yawn]

    One year after the stimulus, several independent macroeconomic firms, including Moody's and IHS Global Insight, estimated that the stimulus saved or created 1.6 to 1.8 million jobs and forecast a total impact of 2.5 million jobs saved by the time the stimulus is completed.[77] The Congressional Budget Office considered these estimates conservative.[78] The CBO estimated according to its model 2.1 million jobs saved in the last quarter of 2009, boosting the economy by up to 3.5 percent and lowering the unemployment rate by up to 2.1 percent.[79] The CBO projected that the package would have an even greater impact in 2010.[79] The CBO also said, "It is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package."[80] The CBO's report on the first quarter of 2010 showed a continued positive effect, with an employment gain in that quarter of up to 2.8 million and a GDP boost of up to 4.2 percent.[81]

    American Recovery and Reinvestment Act of 2009 - Wikipedia, the free encyclopedia

  4. #344
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Karl View Post
    Old propaganda. Man, that propaganda is so old -- how old is it? -- that it's got mold on it. Bo-ring [yawn]
    Then tell the Wall Street Journal got it wrong. Please show me a verifiable site that counts saved jobs?

    Review & Outlook:Why the Stimulus Failed - WSJ.com

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Then tell the Wall Street Journal got it wrong. Please show me a verifiable site that counts saved jobs?
    The Wall Street Journal admits that it got it wrong. Perhaps you should vet your own sources:

    The authors are careful to note that such anecdotes do not mean that all of the stimulus was a waste, and they did find some success stories.
    A list of anecdotes -- which is what the WSJ article is -- does not a study make.

    As to your so-called "verifiable sites", I gave you three in my prior post, which you apparently did not read -- Moody's, Global Insight, and the CBO (which your Wall Street Journal article discredits as, apparently, worthless).

    So -- your WSJ source claims that they are right, and everyone else is wrong. This can be equated to the person that says they are sane, it is everyone else that is crazy. Perhaps. But not likely.

    And for whatever it's worth, the source of your WSJ article -- the Mercatus Center -- is reported to be closely affiliated with the infamous Koch Brothers . . . . .

    The Mercatus Center was founded by Rich Fink, who has worked closely with the Koch family foundations and political activities.[2] As of August 2010 he headed Koch Industries’ lobbying operation in Washington DC[2] and is former president of the Koch Family Foundations, which funds a network of market-oriented think tanks and advocacy groups.

    Mercatus Center - Wikipedia, the free encyclopedia

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Karl View Post
    The Wall Street Journal admits that it got it wrong. Perhaps you should vet your own sources:



    A list of anecdotes -- which is what the WSJ article is -- does not a study make.

    As to your so-called "verifiable sites", I gave you three in my prior post, which you apparently did not read -- Moody's, Global Insight, and the CBO (which your Wall Street Journal article discredits as, apparently, worthless).

    So -- your WSJ source claims that they are right, and everyone else is wrong. This can be equated to the person that says they are sane, it is everyone else that is crazy. Perhaps. But not likely.

    And for whatever it's worth, the source of your WSJ article -- the Mercatus Center -- is reported to be closely affiliated with the infamous Koch Brothers . . . . .
    What proves it was a waste are the costs and the results generated, 4.6 trillion added to the debt and the employment is worse than it was before the spending. What is it about liberalism that creates this kind of loyalty? I find it amazing that people like you do not seem to comprehend cost benefit analysis. Your share of the Obama debt is going to be massive when inflation kicks in.

  7. #347
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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Nonesense, Obama didn't get sworn into office in March, 2009. That's when the trend began turning.
    The chart shows bottoming out in Dec-Feb and then it goes on the upswing. The trend was already reversing.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    What proves it was a waste are the costs and the results generated, 4.6 trillion added to the debt and the employment is worse than it was before the spending. [...]
    $4.6 trillion added to the debt proves that the stimulus was a waste, hmm?

    The only thing proven here is the incoherency of your argument.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Harshaw View Post
    The chart shows bottoming out in Dec-Feb and then it goes on the upswing. The trend was already reversing.
    Then we're in agreement -- the trend reversed in March, after the stimulus went into effect.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    What proves it was a waste are the costs and the results generated, 4.6 trillion added to the debt and the employment is worse than it was before the spending. What is it about liberalism that creates this kind of loyalty? I find it amazing that people like you do not seem to comprehend cost benefit analysis. Your share of the Obama debt is going to be massive when inflation kicks in.
    What a pity you can't refrain from absurdities, but suffice it to say, the stimulus did not add $4.6 trillion in debt.

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