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Thread: Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

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    Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

    I'd like some feedback, please. I'm not as good with numbers as I could wish to be.

    Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge - Newsweek

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    Re: Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

    Quote Originally Posted by BDBoop View Post
    I'd like some feedback, please. I'm not as good with numbers as I could wish to be.

    Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge - Newsweek
    This is at the end of the day speculation and theory. Nothing truly solid.

    But I will say for some Republicans and Conservatives out there.

    I'll bet you anything that John McCain would have done a stimulus bill and continually renewed unemployment benefits.

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    Re: Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

    Speaking purely in terms of policy, and putting ideology aside, the Republicans have a rather difficult case to make that they would have actually done better based upon the policies they have suggested. The idea that lower taxes for the wealthiest Americans creates jobs in America simply does not have any evidence to support it. In fact, with increased globalization and lucrative markets in China and India, it might actually be devastating to our job market to allow those tax cuts, because the wealthiest Americans would probably invest it in the infrastructure of our global competitors.

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    Re: Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

    Quote Originally Posted by Jetboogieman View Post
    This is at the end of the day speculation and theory. Nothing truly solid.

    But I will say for some Republicans and Conservatives out there.

    I'll bet you anything that John McCain would have done a stimulus bill and continually renewed unemployment benefits.
    It should probably be moved then, shouldn't be in breaking news I guess. HALP!!

    I just wondered how he came up with:

    Next up is health-care reform. Obama passed it; Republicans want to repeal it "lock, stock, and barrel." The reason, as Senate Minority Leader Mitch McConnell explained in July, is that "we all know that it's going to increase the deficit." Unfortunately for the GOP, though, nonpartisan experts tend to disagree. Just this Tuesday, for example, the CBO released a letter saying that Obama's health-care-reform legislation would "reduce the projected budget deficit by $30 billion over the next 10 years,” while repealing the law would generate "an increase in deficits ... of $455 billion ... over that [same] period." Factor those figures into the equation and the Obama deficit falls to $784 billion. The GOP deficit, meanwhile, rises to $455 billion. Getting warmer.
    The final piece of the puzzle is the Bush tax cuts. Obama wants to extend them for the 95 percent of taxpayers making less than $250,000 a year; Republicans want to extend them for everybody. How will these extensions affect the deficit? Glad you asked. According to data compiled by The Washington Post, "the Democratic proposal would add about $3 trillion to the deficit during the next decade, while the GOP plan would cost $3.7 trillion." That brings the total Obama deficit to $3.784 trillion over 10 years, and its GOP counterpart to—drumroll, please—$4.155 trillion.

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    Re: Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

    Quote Originally Posted by CriticalThought View Post
    because the wealthiest Americans would probably invest it in the infrastructure of our global competitors.
    Is the line I am quoting based on anything specific?

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    Re: Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

    How the hell are you supposed to estimate something like that? A better title would be "wild guessing says...(etc.)".

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    Re: Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

    Quote Originally Posted by Dav View Post
    How the hell are you supposed to estimate something like that? A better title would be "wild guessing says...(etc.)".
    You read it, or no.

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    Re: Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

    Quote Originally Posted by BDBoop View Post
    You read it, or no.
    I skimmed it before posting, yes. I didn't read the whole thing because as far as I could tell it mostly just involves a guy trying to justify his bias-induced wild guess as having been arrived at mathematically and scientifically.

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    Re: Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

    Quote Originally Posted by Dav View Post
    I skimmed it before posting, yes. I didn't read the whole thing because as far as I could tell it mostly just involves a guy trying to justify his bias-induced wild guess as having been arrived at mathematically and scientifically.
    That's what Polling is all about....
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    Re: Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

    Quote Originally Posted by UtahBill View Post
    That's what Polling is all about....
    Not really. I'm sort of a polling junkie though, so I'd be biased to say that. But this isn't polling, it's sheer guesework in a scientific guise.

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