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Thread: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by Boo Radley View Post
    Saved while the money was there. No one suggests the stimulus is a long term plan.
    You mean to say that the US President admitted this was only a short term plan? That giving these people money was just a substitute for unemployment insurance or welfare?

    What kind of plan it that when it only involves giving money away? It is neither a short term or long term solution. It is just a hugely expensive boomdoggle and people who support this craziness should have their heads examined as soon as Obamacare arrives,

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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by Grant View Post
    You mean to say that the US President admitted this was only a short term plan? That giving these people money was just a substitute for unemployment insurance or welfare?

    What kind of plan it that when it only involves giving money away? It is neither a short term or long term solution. It is just a hugely expensive boomdoggle and people who support this craziness should have their heads examined as soon as Obamacare arrives,
    You should listen more. There was a short term effort and long term effort. Stimulus is always short term.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    OK, so after billions of dollars spent on the short term plan they are right back where they started.

    Whats the long term plan?

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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by Grant View Post
    OK, so after billions of dollars spent on the short term plan they are right back where they started.

    Whats the long term plan?
    Not sure we're back where we started, but I would agree we need to hear more about a long term plan. I also note the government can't really fix the economy and it is kind of silly on our part for wanting them to. But, he is suppose to lead, and he should have a long term plan.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by Boo Radley View Post
    I mention those because we can clearly point to those. We do not know and might have trouble showing others. But if that money wasn't in the mix, being spent, it is reasoanable to assume more people and not less would be unemployed or hurting.

    That said, what would you and others be saying if he did not sign a stimulus package and we were here or worse now?
    The same rants that they are saying now: "President Obama is doing nothing to help pave the way for recovery". Ya know, the usual partisan hackery.
    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: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by Goldenboy219 View Post
    The same rants that they are saying now: "President Obama is doing nothing to help pave the way for recovery". Ya know, the usual partisan hackery.
    Wonder if it has anything to do with actual results? Let us know when we get back to those terrible Bush years when total unemployment at the height of the recession was 12.0 million including discouraged workers.

    Please note unemployment by month in 2009 and then in 2010. In spite of spending over a trillion dollars unemployment is up each month of 2010 vs. 2009 and that is what the American people are seeing and feeling. Rhetoric doesn't trump reality except in the liberal world. Almost 4 million more unemployed today than when Bush left office and Bush didn't spend over a trillion dollars on a stimulus plan that was supposed to hold unemployment to 8%.

    Unemployment per bls.gov.


    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2008 7628 7435 7793 7631 8397 8560 8895 9509 9569 10172 10617 11400
    2009 11919 12714 13310 13816 14518 14721 14534 14993 15159 15612 15340 15267
    2010 14837 14871 15005 15260 14973 14623 14599 14860

    Discouraged workers
    2008 467 396 401 412 400 420 461 381 467 484 608 642
    2009 734 731 685 740 792 793 796 758 706 808 861 929
    2010 1065 1204 994 1197 1083 1207 1185 1110

    Unemployed + Discouraged
    2008 8095 7831 8194 8043 8797 8980 9356 9890 10036 10656 11225 12042
    2009 12653 13445 13995 14556 15310 15514 15330 15751 15865 16420 16201 16196
    2010 15902 16075 15999 16457 16056 15830 15784 15970

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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by Grant View Post
    You mean to say that the US President admitted this was only a short term plan?
    When did he ever argue otherwise? Or are you just so big of a hack you didn't notice that? When was any recession spending meant to be permanent?

    That giving these people money was just a substitute for unemployment insurance or welfare?
    Spending money on projects is not giving people money. Furthermore, unemployment insurance was keeping retail alive for months. It was extremely amusing to watch people call for ends to unemployment insurance and attacking Obama on unemployment without understanding how unemployment insurance was keeping millions of retail workers employed. I agree with many Republicans that the Department of Education is a disaster. Their own epic failures to put real simple economic principles together is a sign of that.

    What kind of plan it that when it only involves giving money away? It is neither a short term or long term solution. It is just a hugely expensive boomdoggle and people who support this craziness should have their heads examined as soon as Obamacare arrives,
    Define giving money away.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by obvious Child View Post
    When was any recession spending meant to be permanent?
    When demo's have the purse strings.


    Spending money on projects is not giving people money.
    Nonsense, this Presidents agenda has been nothing if not payback to political allies.

    Furthermore, unemployment insurance was keeping retail alive for months. It was extremely amusing to watch people call for ends to unemployment insurance and attacking Obama on unemployment without understanding how unemployment insurance was keeping millions of retail workers employed.
    What kind of backward arse thinking is that? Look, tell me how unemployment payments that at top rates come in around $250.00 per week, are equal in spending power retail wise, to a job that brings in $1000.00 per week?

    I agree with many Republicans that the Department of Education is a disaster. Their own epic failures to put real simple economic principles together is a sign of that.
    Yet demo's tout that continuing to pour money into that broken system is a success....Not often at all do we hear a demo say that we need to structurally change the models in education, but rather that we need to continually increase the amount of money poured into that broken system.

    Boo Radley asked earlier to another poster if he was in favor of doing away with teacher pensions, I say hell yeah! I don't get a pension, why should teachers be privileged?

    Define giving money away.
    Propping up union pensions.


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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by j-mac View Post
    When demo's have the purse strings.




    Nonsense, this Presidents agenda has been nothing if not payback to political allies.



    What kind of backward arse thinking is that? Look, tell me how unemployment payments that at top rates come in around $250.00 per week, are equal in spending power retail wise, to a job that brings in $1000.00 per week?



    Yet demo's tout that continuing to pour money into that broken system is a success....Not often at all do we hear a demo say that we need to structurally change the models in education, but rather that we need to continually increase the amount of money poured into that broken system.

    Boo Radley asked earlier to another poster if he was in favor of doing away with teacher pensions, I say hell yeah! I don't get a pension, why should teachers be privileged?



    Propping up union pensions.


    j-mac
    In spite of all the rhetoric from the Obama Administration about everything headed in the RIGHT direction the actual results say something entirely different. These are the numbers that the Obama Administration want people to ignore.

    Unemployment up every month of 2010 vs. 2009
    Debt increase of 3 trillion in his first two years of office
    No Budget for fiscal year 2011 which begins October 1
    4 million more unemployed today vs when he took office.
    GDP Growth for second qtr. revised downward to 1.6%
    Declining poll numbers showing a massive disconnect between Obama rhetoric and the American people's perception of the economy.
    Recession reported to have ended in June 2009 prior to any "benefit" of the Obama stimulus plan

    So until Obama supporters address the actual facts their rhetoric shows how out of touch with reality they really are.

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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    So, conservatives think government is the answer, so Obama must be to blame. There are no toher factors, right?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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