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Thread: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

  1. #61
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    Re: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    but that was the whole point of the stimulus, silly

    LOL!

    qe, anyone?

    2.7 trillion dollars worth?

  2. #62
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    Re: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    Government doesn't create jobs, every attempt to costs us more private sector jobs.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

  3. #63
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    Re: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    Quote Originally Posted by Lachean View Post
    Government doesn't create jobs, every attempt to costs us more private sector jobs.
    If that's the case why would Obama invest almost a trillion dollars in creating jobs???? Was it stupid??? YES.... it was stupid.

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    Re: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    Quote Originally Posted by Boo Radley View Post
    Simple question, how much is a job worth? All games aside, what number would you accept?
    I would not accept any number because on top of the wasted money these "jobs" cost even if you stretch the idea that they created jobs they are mostly temporary.

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    Re: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    Quote Originally Posted by Camlon View Post
    while under Bush the Congress was mostly Democratic.
    Check the internet before making statements like that. Bush had a solid Republican legislature from January 3, 2003 – January 3, 2007. Furthermore, he had a Republican house between January 3, 2001 – January 3, 2003. Only in the last 2 years of his last term did he actually have a Democrat Legislature. Amusingly, the worst abuses were between that 1/3/03 and 1/3/07.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    Look pbrauer and Deuce, none of the detractors here have the balls to take on post #54 and #56. Not surprisingly.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    Quote Originally Posted by obvious Child View Post
    I'm far more interested in the indirect job creation/saving.

    The idiotic assumption underlying Zimmer's stupid argument is that those who had jobs created/saved incurred no taxes and spent no money. Now, I don't know where he's from, but people I know spend money merely to eat and house themselves, both often incur taxes in some form. Therefore, the base assumption which ends at the saved job itself is rather idiotic as it ignores basic human behavior.

    We know for a fact that when Defense industries get huge contracts, they pick up additional employees and increase raw material orders. Those new employees then spend money as normal folk do. The indirect impact of that spending either preserves jobs or creates new ones. This is basic concept of economic multipliers.

    What is super amusing is that Zimmer's argument effectively says multipliers don't exist. While people like him argue that tax cuts expand the economy because people have more money to spend, thus creating layers of new activity. He's basically denying multipliers exists while in other threads promoting them as why tax cuts work.

    Finding people who are internally consistent is becoming quite difficult.
    Multiplication is fine, how much of it gets wasted between the tax payer and recipient? How many different bureaucracies are we supporting when those dollars could be better spent?

    Point being, government is just a huge middleman, the multiplication occurs after government uses part of it. That reduces the efficiency of the multiplication, but we dont really know by how much.

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    Re: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    Quote Originally Posted by OpportunityCost View Post
    Multiplication is fine
    Not according to the hacks here.

    how much of it gets wasted between the tax payer and recipient? How many different bureaucracies are we supporting when those dollars could be better spent?
    You do realize nothing of that actually addresses what I wrote no? My point is that the calculation is wrong because it relies upon assumptions that are basically bat**** crazy.

    Point being, government is just a huge middleman, the multiplication occurs after government uses part of it. That reduces the efficiency of the multiplication, but we dont really know by how much.
    Well, yes. The government uses the money to spend and generate the initial economic activity which in turns generates layers upon layers. True at many levels governments are taking their cuts in various forms of taxes, but that's not exactly what you make it out to be. Sure if we cut all taxation from the economic layers we might get more activity, but at the same time we might get less as the funds to provide the framework for functioning economies goes down the tubes. Capitalism quickly descends into Anarchy and then economic Despotism without a regulatory framework.

    My original point still stands. The stated cost per job is exceptionally stupid as it requires no taxes to be levied and no income to be spent by those saved or created jobs.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  9. #69
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    Re: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    Quote Originally Posted by pbrauer View Post
    I like the cartoon. What was the cost of materials and machinery used to make it? What was it's value after completed? Did the workers earn enough to buy stuff?

    I hope you see the stupidity of this simple calculation, I really do.
    Obviously that monument in the cartoon was worthless.

    ROTFLOL... at least we have a Leftist admit he finds useless government created work... useful. One honest stooge amongst them.

    I have an idea... let's send all unemployed to some massive field with shovels, and have them just dig holes... for no particular reason. They will require tools, machinery, fuel and the like. Then I look forward to you explanation on the usefulness of said holes.

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    when you have NO MORAL COMPASS.

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    Re: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    Quote Originally Posted by Boo Radley View Post
    Simple question, how much is a job worth? All games aside, what number would you accept?
    A job is worth what the employer is willing to pay and the employee is willing to accept.

    .
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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