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Thread: Stimulus jobs overstated by thousands

  1. #11
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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by tjinta ibis View Post
    And then there is the other side of the story:

    The stimulus bill has helped the economy come out of recession. Live with it! Of course you guys wanted the economy to tank so bad...
    We're out of recession but the unemployment rate is still rising. Please explain just how that works.


    source

    U.S. Unemployment Rate Rises to 9.8 Percent in September
    By Arkansas Business Staff
    10/2/2009 7:30:39 AM

    The U.S. unemployment rate rose to 9.8 percent in September, the highest since June 1983, according to a report Friday by the U.S. Department of Labor's Bureau of Labor Statistics.

    The unemployment rate was 9.7 percent in August......

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by Ockham View Post
    Yep. Taxpayers paid $24,000 for your car. Think you got a $4,500 break on it - you didn't. That was fake.
    And hundreds of thousands of used cars have been destroyed and lower income people are paying more for a used car to take them to work because the prices have gone up, of course.

    And now we're going to give $250 to my grandmother and everybody who gets social security. Grandma has never spent a s/s check in her life. She just uses her retirement money from her old job.

    Maybe that money should go to peope who bought a used car since the cash for clunkers deal.

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by Dutch View Post
    We're out of recession but the unemployment rate is still rising. Please explain just how that works.
    I'm not an economist but they've always been saying that increased employment lags behind an economic recovery. Companies may be doing better, but they're not doing well enough to hire back more people. Also consumers, for various reasons, are not spending yet, and it's this that drives the economy. Many people have decided to save more, cut down on credit, and especially not buy big ticket items.

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by rebelbuc View Post
    I guess that you don't think it possible that continued deficit spending can cause the collapse of the US. Just as the family must tighten its belt, do things the hard way, eat beans, and live modestly, reduced spending is the key to save the US from insolvency.
    I'm not worried about the collapse of the US economy due to debt. We've been through big debt before. Almost all economists (except those paid off by the right) say that govt spending has to happen to keep the economy from collapsing. I prefer to focus on Obama having saved a huge collapse due to bank collapses, and further loss of jobs, by backing the TARP and pushing thru stimulus bill. I think(hope) Paul Krugman knows more than I and you about this.

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by Alex View Post
    "An early progress report on President Barack Obama's economic recovery plan overstates by thousands the number of jobs created or saved through the stimulus program, a mistake that White House officials promise will be corrected in future reports.

    The government's first accounting of jobs tied to the $787 billion stimulus program claimed more than 30,000 positions paid for with recovery money. But that figure is overstated by least 5,000 jobs, according to an Associated Press review of a sample of stimulus contracts.

    The AP review found some counts were more than 10 times as high as the actual number of jobs; some jobs credited to the stimulus program were counted two and sometimes more than four times; and other jobs were credited to stimulus spending when none was produced."

    The report goes on to state that there is no evidence the White House did this intentionally and they will fix the numbers. The White House says it was aware of the problem, but they did not seem to publicly fix it until now, when the AP found the errors.

    Were the numbers inflated intentionally or was it an honest mistake? What could have caused the error? Is the government trying to make it seem like the stimulus money is working when it really is not?

    Stimulus jobs overstated by thousands - Yahoo! News
    We don't even need a study to know that the claims made by this Administration are beyond farcical considering the FACT that the economy has been shedding jobs by the hundreds of thousands every month.

    Thank you for the reminder however of how truly stupid the current Democrat controlled Government is.

    Let us remember that these are the smartest people on the block, who railed about Bush's incompetence and Republican deficit spending, who told us that they would be fiscally responsible, who told us they could balance the budget and who told us they can prosecute a war far more intelligently than Bush can.
    Last edited by Truth Detector; 10-29-09 at 02:43 PM.

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by drz-400 View Post
    what if I was able to buy a car because of cash for clunkers? Is that fake?
    Who do you think will be paying for that $4,500 giveaway?

    I am stunned that Americans think that the Government can print and borrow money for asinine giveaway programs that do NOTHING to actually help the economy and believe that in the long run we all do not pay for it.

    This is nothing but a very temporary and poorly thought out re-bound and will only dig us into an already DEEP hole and getting DEEPER every minute.

    The current interest on the National Debt which is climbing by millions every minute is approximately $500 MILLION per DAY. I want the Libruls who ranted about Republican deficit spending but now defend the $1.4 trillions to think about this figure.

    If you don't believe me, just look up what the current US Federal Budget for interest on the debt is.

    http://www.gpoaccess.gov/usbudget/fy09/pdf/hist.pdf

    The interest is projected at $487 billion; you can ignore the attempts to mask interest on the debt by the Government attempting to offset it with trust fund money. They canít cover those either so the interest on the debt is much higher than their projections and predictions.

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by sazerac View Post
    And hundreds of thousands of used cars have been destroyed and lower income people are paying more for a used car to take them to work because the prices have gone up, of course.

    And now we're going to give $250 to my grandmother and everybody who gets social security. Grandma has never spent a s/s check in her life. She just uses her retirement money from her old job.

    Maybe that money should go to peope who bought a used car since the cash for clunkers deal.
    But don't you know Sazerac, we can all feel GOOD because now the environment is safer without those old clunkers.

    We cannot judge Librul programs for their results; that is not what they are about. Libruls want to be judged on how much they CARE and how it makes them FEEL dontchyaknow.

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by tjinta ibis View Post
    I'm not an economist but they've always been saying that increased employment lags behind an economic recovery. Companies may be doing better, but they're not doing well enough to hire back more people. Also consumers, for various reasons, are not spending yet, and it's this that drives the economy. Many people have decided to save more, cut down on credit, and especially not buy big ticket items.
    The reasons for this is because the American consumer knows that they may not have a job tomorrow and when the bill comes do for all this deficit spending, they may not be able to keep their jobs.

    In addition, the American consumer has seen the value of their 401K more than cut in half, the value of their homes drop precipitously and the Federal Government spend money like there is no tomorrow KNOWING that they will be getting the bill sooner or later.

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by tjinta ibis View Post
    I'm not worried about the collapse of the US economy due to debt. We've been through big debt before. Almost all economists (except those paid off by the right) say that govt spending has to happen to keep the economy from collapsing. I prefer to focus on Obama having saved a huge collapse due to bank collapses, and further loss of jobs, by backing the TARP and pushing thru stimulus bill. I think(hope) Paul Krugman knows more than I and you about this.
    Bank collapses have not ended; they are on the rise.

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    Re: Stimulus jobs overstated by thousands

    Quote Originally Posted by tjinta ibis View Post
    I'm not worried about the collapse of the US economy due to debt. We've been through big debt before. Almost all economists (except those paid off by the right) say that govt spending has to happen to keep the economy from collapsing. I prefer to focus on Obama having saved a huge collapse due to bank collapses, and further loss of jobs, by backing the TARP and pushing thru stimulus bill. I think(hope) Paul Krugman knows more than I and you about this.
    You either did not read what I wrote or didn't bother to let it sink in. Doesn't it make sense... it's the model that responsible citizens follow every day... but most politicians are not so responsible.
    Obama lied... Ambassador Stevens died!

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