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Stimulus Boosted Jobs in 2nd Quarter, CBO Says

whether they stimulate or excite or create or save or responsibly pay down debt or depress direly job creation, those tantalizing tax cuts on the hoity toit just aren't a-gonna transpire

the caucus will not come along

6 upstairs and 38 on pelosi's temporary carpet are signed on

Nancy Pelosi keeps losing Democrats on tax cuts - Jonathan Allen - POLITICO.com

and that's BEFORE november

the party's gonna lose some 50 seats in six weeks, as well as the gavel

do you think they're gonna move before the election?

do it during recess?

dream on
 
TurtleDude said:
do you think the dems are serious about cutting spending? one of the major reasons why I oppose the dem scheme to only hike taxes on those who already pay too much of the taxes is that it leads those not facing tax hikes to continue to demand more spending since they don't have to pay for it (at least not now)
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Pray tell, why do you always change the subject when someone points out how your argument is total crap? Nothing in your post was relevant to Lord T's post showing how your argument was total bollocks.
 
Grant said:
And what do you think this difference might be?
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Depends on the tax. It is extremely stupid to say that raising/lowering taxes will always bring in more or bring in less

Does **** on a stick always taste good to you?
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Looking to get banned I see.

Yeah, I'll bet you were.
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Keep it up. I'd love to see "BANNED" under your name.
 
obvious Child said:
Pray tell, why do you always change the subject when someone points out how your argument is total crap? Nothing in your post was relevant to Lord T's post showing how your argument was total bollocks.
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with all due respect, you strike me as extremely immature
 
The Prof said:
with all due respect, you strike me as extremely immature
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Says the person who rarely types a complete sentence and uses LOL in many posts. Thanks for showing your hypocrisy.
 
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donsutherland1 said:
Three quick points:

1. CBO used "various mathematical models" to assess revenue/spending-related effects to gain an understanding of the fiscal stimulus program's macroeconomic impact. Additional data related to output and employment was not helpful in assessing the macroeconomic impact for the reasons CBO stated. Moreover, CBO has no doubts that the economy would have been worse without the stimulus, as it concluded that the stimulus provided a minimum of a 1.7% boost to real GDP and 0.7 percentage point reduction to the unemployment rate.

2. CBO's findings are reasonably similar to research that was recently released by economists Alan Blinder and Mark Zandi, who used separate modeling. They found that the fiscal stimulus boosted 2010 real GDP by 3.4% (CBO's estimate: 1.7% to 4.5%), kept the unemployment rate 1.5 percentage points lower (CBO's estimate: 0.7 to 1.8 percentage points lower), and added almost 2.7 million jobs to U.S. payrolls (CBO's estimate: 1.4 million to 3.3 million jobs).

3. CBO is non-partisan. It responds to requests from Democratic and Republican Members of the House and Senate.
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Um, could you repeat that in English for us idiots? :mrgreen:
 
donsutherland1 said:
Today, The Wall Street Journal reported:



Stimulus Boosted Jobs in 2nd Quarter, CBO Says - WSJ.com

For those who are interested, the full CBO report can be found at:

http://www.cbo.gov/ftpdocs/117xx/doc11706/08-24-ARRA.pdf

Note: One may have to cut and paste the CBO's URL in one's address bar in order to access the report.

CBO's estimates of the stimulus plan's effects in 2010 Q2 were:

- The stimulus raised real GDP by 1.7% to 4.5%
- The stimulus lowered the unemployment rate by 0.7 percentage points to 1.8 percentage points
- The stimulus increased the number of employed persons by 1.4 million to 3.3 million
- The stimulus increased the number of full-time equivalent jobs by 2.0 million to 4.8 million vs. what would otherwise have been the case

In any case, this latest assessment should provide ample ammunition for a continuation of the debate concerning what contribution the economic stimulus made.
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Weren't the temporary census workers hired in the 2nd quarter? And, in the 3rd quarter, when unemployment numbers spiked, we were told that the reason was that all the census workers were laid off?

Bottom line is, the US job market lost 293,000 jobs during the Recovery Summer.
 
bottom line's a bitch
 
apdst said:
Weren't the temporary census workers hired in the 2nd quarter? And, in the 3rd quarter, when unemployment numbers spiked, we were told that the reason was that all the census workers were laid off?

Bottom line is, the US job market lost 293,000 jobs during the Recovery Summer.
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chart1.png



Don,t look like these are census jobs to me.Oh, and the graph pretty well says it all doesn't it?

The private sector added 67,000 jobs in August, with some of the strongest gains in health care, food service and temporary help, according to the Labor Department.

http://www.nytimes.com/2010/09/04/business/economy/04jobs.html?_r=1
 
donc said:
chart1.png



Don,t look like these are census jobs to me.Oh, and the graph pretty well says it all doesn't it?

The private sector added 67,000 jobs in August, with some of the strongest gains in health care, food service and temporary help, according to the Labor Department.

http://www.nytimes.com/2010/09/04/business/economy/04jobs.html?_r=1
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So, tell us, how does the addition of 67,000 jobs offset the loss of 293,000 jobs. Cain't wait to hear this.

Temporary help? Really, man?!?

BTW, be sure and use a back brace, when carrying all that water. Safety first, dude!
 
donc said:
chart1.png



Don,t look like these are census jobs to me.Oh, and the graph pretty well says it all doesn't it?

The private sector added 67,000 jobs in August, with some of the strongest gains in health care, food service and temporary help, according to the Labor Department.

http://www.nytimes.com/2010/09/04/business/economy/04jobs.html?_r=1
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What, exactly, is your graph supposed to be showing? That there was ONE quarter of gains in the labor market over the past two years with declines yet again in the current quarter? LOL
 
apdst said:
So, tell us, how does the addition of 67,000 jobs offset the loss of 293,000 jobs. Cain't wait to hear this.
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YAWN. :2wave:

Current Employment Statistics - CES (National)

Total nonfarm payroll employment increased by 144,000 in August to 131.5
million, seasonally adjusted. Over the year, payroll employment has risen by
1.7 million, with slightly more than half the gain (885,000) occurring from
March through May of this year. Since May, nonfarm employment has risen by
313,000, as revised. In August, there were job gains in health care and so-
cial assistance, financial activities, and professional and technical services.

CES Net Birth/Death Model
 
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donc said:
YAWN. :2wave:

Current Employment Statistics - CES (National)

Total nonfarm payroll employment increased by 144,000 in August to 131.5
million, seasonally adjusted. Over the year, payroll employment has risen by
1.7 million, with slightly more than half the gain (885,000) occurring from
March through May of this year. Since May, nonfarm employment has risen by
313,000, as revised. In August, there were job gains in health care and so-
cial assistance, financial activities, and professional and technical services.

CES Net Birth/Death Model
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BUT, there were 293,000 jobs lost this summer...LMAO!!!! Don't strain yourself carrying all that water, man!
 
obvious Child said:
Has turtledude ever blamed Republicans? For anything? I can't think of a single post.
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I cannot remember anything of the sort. When asked about republican spending, his response usually begins with, "but the democrats........"
 
obvious Child said:
Has turtledude ever blamed Republicans? For anything? I can't think of a single post.
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yeah, yeah, yeah....Conservatives back Republican ideas, and Liberals back demo ideas...Congratulations you have been promoted to 'Master of the Obvious"....

Now I have some questions, because I am not an econ grad, or am I anything close to understanding some of the arguments coming from supporters of Obama these days....

1) If Obama's administration, and indeed Obama himself is out there touting how say, August saw a 144,000 jobs increase in non farming sectors, but reports come out at the same time saying things like the 293,000 jobs lost this summer, or monthly unemployment rates show some 500,000 people collecting unemployment at a steady rate and that number not falling....

a) How can you trumpet that as a success?

b) How much did every one of those 144,000 Jobs cost in real dollars per job spent by the tax payer?

c) What is the earning of these people supposedly employed through Obama's wonderful spending spree? Are they earning as much as before they lost their job?


2) We have heard in this thread, as well as numerous other places at different times during the economic debate in this country how things would have been worse had Obama not borrowed more money from the Chinese along with printing his own money at record rates, and buying our own debit through Treasuries which I have heard will, not might, not could, but will lead to hyper inflation when Obama's economists slight of hand tricks run out.

a) How do you accurately measure a "SAVED" job?

b) How can liberals continue to point at the Bush Administration as the totally wrong way to go about all things economic, when Obama's plans have put things in overdrive?

c) How does spending something like a million dollars to create one $30K per year job that only lasts 8 months count as real job creation?

We'll start here. I am truly looking for some explanations. I confess that I am probably ignorant when it comes to economics on a macro scale, but I do a budget for my own house, and am wondering just how this smoke and mirror show that Obama is putting out is supposed to do anything but destroy our country.

Thanks.

j-mac
 
We can and have shown that education jobs were saved. And once that stimulus money was gone, so were the jobs.
 
nyt, aug 17: the recently passed emergency aid for teachers is NOT being used to hire teachers in school districts across the country, from california to new jersey

http://www.nytimes.com/glogin?URI=h...pQ7BfNtQ7BQ7B9tQ5D-N-0T9qQ20xtJQ5D3t@Q7BA3x05

instead, usd's are taking these millions and applying them towards shoring up local budgets badly broken, ie, they're being used to underwrite a few more months of local obligations to TEACHER PENSIONS such as, here in CA, strs, of which i am one prodigiously overpromised member

don't forget that the "payfor" for this plugging of PUBLIC PENSIONS came at the cost of CUTS TO FOOD STAMPS, already seriously overstrained in, y'know, times like these

Ezra Klein - Senate cutting food stamps to pay for Medicaid and teacher funding

wapo's ezra klein, by the way, is the founder of the notoriously revealing and immediately defuncted JOURNO LIST

food stamps are the difference for quite a few of your neighbors, they're how a lot of americans are able barely to get thru this month

U.S. Food-Stamp Recipients Reach Record 35.1 Million (Update1) - Bloomberg

retired teachers, in cheerful contrast, are doing even better than uaw's who've wound up their careers

it is what it is---the priorities of the party in power exposed

read more, talk less
 
So you're arging that if new stimulus isn't being used, the previous stimulus wasn't? Are you serious?

Report says stimulus preserved education jobs

Report says stimulus saved education jobs, but deficits loom - washingtonpost.com

Stimulus saved special ed jobs in Minn., for now

http://minnesota.publicradio.org/display/web/2010/02/17/special-education-stimulus/

Schools brace as stimulus funds near expiration

Schools brace as stimulus funds near expiration

Pensions are another issue, and one we've been down before. Do you think we shouldn't have a pension plan for teachers?
 
So you're arging that if new stimulus isn't being used, the previous stimulus wasn't? Are you serious?

Report says stimulus preserved education jobs

Report says stimulus saved education jobs, but deficits loom - washingtonpost.com

Stimulus saved special ed jobs in Minn., for now

Stimulus saved special ed jobs in Minn., for now | Minnesota Public Radio NewsQ

Schools brace as stimulus funds near expiration

Schools brace as stimulus funds near expiration

Pensions are another issue, and one we've been down before. Do you think we shouldn't have a pension plan for teachers?
 
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