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

  1. #71
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    Re: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    Let's see what we have here.

    Obama is brilliant and he has a few economists that are said to be brilliant as well.

    So with this brain trust in place who is listening to whom in their little circle, or do they agree on what they have done that has failed so miserably, and cost so much and no net jobs to show for it.

    I didn't study economics in college and have never been called brilliant for academic endeavors and I could do better than these maroons have done and so many of those who post here.

    I think it's all about common sense and Obama and those around him don't have the common sense of a rock.

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

    Quote Originally Posted by zimmer View Post
    A job is worth what the employer is willing to pay and the employee is willing to accept.

    .
    Not exactly answering the question I asked. Not that I completely disagree with you. But try answering with the context in which it was asked.

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

    Quote Originally Posted by Boo Radley View Post
    how much is a job worth?
    you have to ask?

    LOL!

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

    Quote Originally Posted by obvious Child View Post
    Not according to the hacks here.



    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.



    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.

    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.
    Thats exactly the point. Government wastes the money before it spends it, the more money you give government the more they waste. They only multiply the money after they waste a good portion of it. If it stayed in the economy it goes to work no matter where it is.

    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.
    Uhh, strawman? No one is saying cut everything, but government has its hands in way too many things and is trying to do too much.

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

    Quote Originally Posted by OpportunityCost View Post
    Thats exactly the point. Government wastes the money before it spends it, the more money you give government the more they waste.
    That depends how you define waste.

    They only multiply the money after they waste a good portion of it. If it stayed in the economy it goes to work no matter where it is.
    This is why your earlier arguments failed. You did and contiune to fail to account for the fact that the money was for all intensive purposes, removed from the economy. The idiocy of taking opportunity cost to the cult status you've taken it to assumes that it will ALWAYS be used. That was not the case in 2008 or 2009 where money basically sat under beds collecting dust. Rather then take the absolute standing on how opportunity cost works, look at what the resources were doing before the event.

    You still have not addressed my original point. Nor has anyone else.

    Uhh, strawman? No one is saying cut everything, but government has its hands in way too many things and is trying to do too much.
    Did you read the budget the Democrats almost got the GOP house to pass? 70% for effective purposes is everything.
    "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

    So, I guess I'm to take from this thread that the airline industry is the least efficient producer of jobs on the face of this planet?

    The defense industry is similarly awful, those jobs cost a lot.

    Man, the medical industry... we should just get rid of it entirely. Those jobs cost ****loads.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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

    Quote Originally Posted by Deuce View Post
    So, I guess I'm to take from this thread that the airline industry is the least efficient producer of jobs on the face of this planet?

    The defense industry is similarly awful, those jobs cost a lot.

    Man, the medical industry... we should just get rid of it entirely. Those jobs cost ****loads.
    What you oughta take from this thread, is that there's no way to fix the unemployment problem, if the government has to spend $278,000 per job.

    There aren't enough wealthy people in the world to tax and make up all that government spending.

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

    here's how gao defines waste, a full HALF TRILLION dollars worth

    GAO Finds Massive Waste, Duplication - FoxBusiness.com

    "most [the waste] coming in fiscal years 2009 to 2010 and going forward"

    For instance, the U.S. has 15 different agencies overseeing food-safety laws, 25 separate programs on health information systems, and 80 programs for economic development. The GAO says there are potentially 35 duplicative programs on infrastructure. And it questions the $58 billion spent annually on 100 surface transportation projects.
    furthermore:

    Congress has routinely failed to at minimum probe and then stop redundant programs. The GAO says just five of 47 job training and employment programs had been evaluated for efficiencies. “Little is known about the effectiveness of most programs,” the GAO said in its report. The government also spent $62.5 billion on 18 food assistance programs, but “little is known about the effectiveness of [11 of the 18 programs] because they have not been well studied,” the GAO said.
    no more money for managers so morose

    by the way, cap and trade (thankfully, it's expired, the us simply could not sustain another blow of such magnitude) "would cost up to $200 billion a year, the us treasury says, or $1,800 per american household"

    "and there is an estimated half a trillion dollars in tax hikes over ten years in the health reform bill," obamacare

    fyi

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

    Quote Originally Posted by apdst View Post
    What you oughta take from this thread, is that there's no way to fix the unemployment problem, if the government has to spend $278,000 per job.

    There aren't enough wealthy people in the world to tax and make up all that government spending.
    Nobody has suggested eliminating unemployment entirely through stimulus funding, so, thanks for that info I guess.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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

    Give me $278,000, and I will give you an entire business w/jobs........

    Give Obama $278,000, he will give you temporary work and postpone unemployment for one bloated union slob.........
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