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

  1. #41
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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by obvious Child View Post
    Why? It's obvious that such an outcome would happen. Don generally doesn't post the blatantly obvious. Just as Reagan cut military spending down, the impacts from decreased federal outlays reduce activity. What's funny is you thinking that what you posted is ground breaking.
    Then explain what the point of spending billions for a gain that will dissappear in a few months is O Child.
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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by texmaster View Post
    Then explain what the point of spending billions for a gain that will dissappear in a few months is O Child.
    To jump start the economy. Really, this isn't hard at all. Was Bush's bonus depreciation suppose to be the lasting boost to the economy? No. It was to get corporations to spend money on investments which would jump start the economy. No one, I repeat NO ONE argued that the stimulus would last for years. The very WORD stimulus does not suggest what you are saying.

    Wow, temporary spending meant to jump start the economy doesn't last?

    Wait. I don't know what "temporary" means.

    If you think that the stimulus had no beneficial effects, then you must believe Reagan's massive expansion of the military did not cause defense contractors to grow and boost spending down the supply chain. You'd be 100% wrong, but that's your right.
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  3. #43
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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    This number is meaningless it's like spitting in the Ocean and claiming you raised the sea level.


    The following are the figures from National Unemployment Summary of the National Conference of State Legislators.

    Unemployment rose slightly in August, 2010, to 9.6%. Unemployment has largely held steady in 2010, with a 9.7% unemployment rate for the first three months of the year, a slight increase to 9.9% for April, a drop back to 9.7% percent for May and another slight decrease, to 9.5% for June and July.

    http://www.ncsl.org/?tabid=13307

    This clearly says no meaningful change this year so far.

    The stimulus has been a giant waste of billions of Obama bucks.

    L.A. got $111 million dollars and created a whopping 54 whole jobs. And that is typical of how the money has been spend in case after bloody case.

    Obama is a failure in the first damn degree.
    Last edited by Councilman; 09-18-10 at 10:33 PM.

  4. #44
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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by Councilman View Post
    This number is meaningless it's like spitting in the Ocean and claiming you raised the sea level.


    The following are the figures from National Unemployment Summary of the National Conference of State Legislators.

    Unemployment rose slightly in August, 2010, to 9.6%. Unemployment has largely held steady in 2010, with a 9.7% unemployment rate for the first three months of the year, a slight increase to 9.9% for April, a drop back to 9.7% percent for May and another slight decrease, to 9.5% for June and July.

    This clearly says no meaningful change this year so far.

    The stimulus has been a giant waste of billions of Obama bucks.

    L.A. got $111 million dollars and created a whopping 54 whole jobs. And that is typical of how the money has been spend in case after bloody case.

    Obama is a failure in the first damn degree.
    That is a load of bs

    Unless you factor in how bad the economy would or could have been without the stimulus your analysis is pure garbage
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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    we know what would have happened in LA had the stimulus not been passed

    Employment generation disappointing: LA City Controller - International Business Times

    55 city workers would be on extended unemployment

    and the taxpayer would have saved 111M

    do the division---two million dollars per job

    why can't obama say the s-word

    must see video, hilarious: Echo Chamber: The new S-word? - Alexander Trowbridge - POLITICO.com

  6. #46
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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by The Prof View Post
    we know what would have happened in LA had the stimulus not been passed
    That article was a failure to understand the flow of money. What they are looking at is direct spending to save or create specific jobs within those divisions. It completely ignores the impact of the money on the rest of the local economy. That $111 million was spent within the greater LA area. Basically, it's like saying that one jet cost $15 million and only saved 4 jobs at the manufacturing plant while ignoring the fact that the money went down the supply chain, producing jobs at raw material and part manufacters.

    Assuming a 50% MPS, somewhere around I'm venturing $300 million got spent within LA. And that definitely boosted activity within the area.
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  7. #47
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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by Councilman View Post
    Unemployment rose slightly in August, 2010, to 9.6%. Unemployment has largely held steady in 2010, with a 9.7% unemployment rate for the first three months of the year, a slight increase to 9.9% for April, a drop back to 9.7% percent for May and another slight decrease, to 9.5% for June and July.
    Nice job leaving out the fact that layoffs have dramatically declined. Dishonest? Absolutely. Partisan? Absolutely. What does that mean? That people previously who gave up on jobs are now entering the job market. That does not suggest the economy is worse off. It suggests that the economy is getting better. Millions of people don't rejoin the job search if they feel that the economy is worse.

    This clearly says no meaningful change this year so far.
    Um, not really.

    The stimulus has been a giant waste of billions of Obama bucks.
    That's largely because you don't understand economics.

    L.A. got $111 million dollars and created a whopping 54 whole jobs. And that is typical of how the money has been spend in case after bloody case.
    So you believe that the rest of the money literally went nowhere and did not impact the economy at all?

    Tell me, the US buys 100 F-15s from Boeing. Boeing hires 45 people to build the plans. Have only 45 jobs been created? Let's see if you can answer this intelligently.
    "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 Lord Tammerlain View Post
    That is a load of bs

    Unless you factor in how bad the economy would or could have been without the stimulus your analysis is pure garbage
    I will keep that in mind when the Libs whine that the Bush Tax cuts did nothing to help the economy



  9. #49
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    Re: Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    Quote Originally Posted by TurtleDude View Post
    I will keep that in mind when the Libs whine that the Bush Tax cuts did nothing to help the economy
    And who ever said that? Or are you making **** up again?

    What liberals complain about (and fiscal conservatives as well) is that the cost of the tax cuts were massive.
    "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

    it's pretty clear

    According to the report, the Los Angeles Department of Public Works generated only 45.46 jobs (the fraction of a job created or retained correlates to the number of actual hours of work) after receiving $70.65 million, while the target was 238 jobs.

    Similarly, the city’s department of transportation, armed with a $40.8 million fund, created only 9 jobs in place of an expected 26 jobs.

    The audit says the numbers were disappointing due to bureaucratic red tape, absence of competitive bidding for projects in private sectors, inappropriate tracking of stimulus money and a laxity in bringing out timely job reports.
    even the targets cited are obscene, 40.8 for 26 workers is over 1.5M per

    sorry

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