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Obama Heralds 1.1M Private Sector Jobs Created Since Jan.

Goldenboy219 said:
The only ones who care what Obama predicted (i would love to see a link to his 4% annual real growth prediction) are his political opposition. Quarter 3 2009 had 5% real growth, which was entirely driven by stimulus spending. Now imagine a real stimulus package that focused on infrastructure in its entirety, in the tune of $1.5 trillion or more. There would be no need for QEII.
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Stimulus is a fail. A huge giant waste fail.

Stimulus: Still Not Working! - Reason Magazine

........... The stimulus isn’t working because it is based on faulty economics. Using historical spending data, the Harvard economist Robert Barro and recent Harvard graduate Charles Redlick have shown that in the best case scenario, a dollar of government spending produces much less than a dollar in economic growth—between 40 and 70 cents. They also found that if the government spends $1 and raises taxes to pay for it, the economy will shrink by $1.10. In other words, greater spending financed by tax increases hurts the economy. Even if the tax is applied in the future, taxpayers today adjust their consumption and business owners refrain from hiring based on the expectation of future tax increases, which worsen the economy today.

There are other reasons the stimulus bill has hurt rather than helped the economy. Four of every five jobs reported “created or saved” are government jobs. That’s far from the 90 percent private sector jobs the administration promised. Also, the Department of Education claims it has “created or saved” at least seven jobs for every job “created or saved” by any other agency. In other words, federal stimulus funds have been used to keep teachers on state payrolls. By subsidizing public sector employment, the federal government is getting in the way of addressing the issue of overspending in the states.

chart-derugy.jpg
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Conservative said:
Yes, that is normally what happens when a recession ends, the economy grows. The recession ended in June 2009 yet the economy continues to flounder as evidenced by the current economic growth and job creation. Compare the economic results after the recession ended in June 2009 to the economic results after other recessions ended. Obama leadership led to these meager results and why he was shellacked on Nov. 2. Results matter more than rhetoric. Obama lied and the American people woke up.
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This recession was by far the most severe and serious of any business cycle since 1933. link Consumer deleveraging will continue to persist well into 2011. You cannot say that about "other recessions".
 
Eighty Deuce said:
Stimulus is a fail. A huge giant waste fail.
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$253 billion was not a proper stimulus. The Chinese were the first to get the memo, enacting a fiscal stimulus at about 10% of GDP. Would you agree that political pressures prevented a proper stimulus package?
 
Goldenboy219 said:
This recession was by far the most severe and serious of any business cycle since 1933. link Consumer deleveraging will continue to persist well into 2011. You cannot say that about "other recessions".
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Disagree, we had a much different economy in 1933 than we have today with much less population thus less people affected. The 1980 recession was worse due to the affect it had on the American people. Interest rates were over 20% and foreclosures were worse than now because people couldn't make their payments. That isn't the point however nor is that the thread topic. Barack Obama claimed that his stimulus plan would create or save millions of jobs when the real numbers is we have lost 4 million jobs since that stimulus plan was implemented. We need over 4% economic growth to affect employment and we have hit that number once in two years. the obama economic plan was a failure, the stimulus plan was a failure and the American majority woke up on Nov. 2.
 
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Conservative said:
Disagree, we had a much different economy in 1933 than we have today with much less population thus less people affected. The 1980 recession was worse due to the affect it had on the American people. Interest rates were over 20% and foreclosures were worse than now because people couldn't make their payments. That isn't the point however nor is that the thread topic. Barack Obama claimed that his stimulus plan would create or save million jobs when the real numbers is we have lost 4 million jobs since that stimulus plan was implemented. We need over 4% economic growth to affect employment and we have hit that number once in two years. the obama economic plan was a failure, the stimulus plan was a failure and the American majority woke up on Nov. 2.
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The Obama plan was a failure; it was far too small in scale to deal with the recession in its entirety. China enacted a fiscal stimulus of $580 billion in November of 2008, focused on infrastructure, reconstruction, and technological advancement. Something tells me we blew it big time.
 
SE102 said:
The job market is in the pooper. Job creation in the US during the bush years was mostly minimum wage BS. Now this. /meh
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I agree. But I did learn yesterday that not only was our state ranked number three under a democrat governor (something I knew), but actually more people are back to work this year and tax revenues are better than expected. Good thing they threw him out. The incompetent jerk.
 
Boo Radley said:
I agree. But I did learn yesterday that not only was our state ranked number three under a democrat governor (something I knew), but actually more people are back to work this year and tax revenues are better than expected. Good thing they threw him out. The incompetent jerk.
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First of all, neither of you have a clue as to what kind of jobs were created during the Bush years but continue to buy the liberal rhetoric. All you need to do is go to BLS.gov to find out but that would take too much effort.

Then you tout the accomplishments of your Democrat Governor. Interesting that you give your Democrat Gov. credit for creating jobs but blame President Bush for not creating jobs so which is it? So apparently Bush lost jobs but your governor created them?
 
Conservative said:
First of all, neither of you have a clue as to what kind of jobs were created during the Bush years but continue to buy the liberal rhetoric. All you need to do is go to BLS.gov to find out but that would take too much effort.

Then you tout the accomplishments of your Democrat Governor. Interesting that you give your Democrat Gov. credit for creating jobs but blame President Bush for not creating jobs so which is it? So apparently Bush lost jobs but your governor created them?
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Yes, I know, Bush was God, and all problems were someone else's fault. I got that.

Moving on. :coffeepap
 
Boo Radley said:
Yes, I know, Bush was God, and all problems were someone else's fault. I got that.

Moving on. :coffeepap
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don't see a response to my post. Where in BLS.gov does it show that most of the jobs created during the Bush years were minimum wage jobs?
 
Boo Radley said:
I agree. But I did learn yesterday that not only was our state ranked number three under a democrat governor (something I knew), but actually more people are back to work this year and tax revenues are better than expected. Good thing they threw him out. The incompetent jerk.
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Guess you better tell the Bureau of Labor Statistics they got it wrong

Bureau of Labor Statistics Data
 
Conservative said:
don't see a response to my post. Where in BLS.gov does it show that most of the jobs created during the Bush years were minimum wage jobs?
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we had the slowest job growth form 2000 to 2008 since the depression........and the jobs we added were service type jobs. why is it you feel the need to blame all of our current woes on obama? we didn't get into this situation overnioght, and we won't get out overnight. bush was absolutely no good for the country, and now we are paying the price for his short-sighted and plainly stupid policies.
 
liblady said:
we had the slowest job growth form 2000 to 2008 since the depression........and the jobs we added were service type jobs.
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That's obama's fault. :coffeepap
 
Boo Radley said:
Yes, I know, Bush was God, and all problems were someone else's fault. I got that.

Moving on. :coffeepap
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i've noticed you making alot of these kinds of responses, inevitably followed by the "coffeepap" smiley.

have you finally fallen so low that you are actually utilizing VoR's debate tactics?
 
Conservative said:
Did you read the current charts and look at 2010 numbers through August?
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Yep and ahd the word Preliminary. As I was talking to the republicna majority leader at the state level, and he said better than EXPECTED. Meaning better than the Preliminary estimates.
 
liblady said:
we had the slowest job growth form 2000 to 2008 since the depression........and the jobs we added were service type jobs. why is it you feel the need to blame all of our current woes on obama? we didn't get into this situation overnioght, and we won't get out overnight. bush was absolutely no good for the country, and now we are paying the price for his short-sighted and plainly stupid policies.
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Obviously you don't understand the numbers, Clinton left Bush with a recession and then we had 9/11 which liberals want to ignore. Bush tax rate cuts went into effect in July 2003 so check out the job creation between 2003 and Demember 2007. Since this thread is about Obama I don't blame you from diverting back to Bush as you ignore the Obama numbers, 4 million jobs LOST since the stimulus plan passed. How do those job numbers compare to Bush? Did Bush lose 4 million jobs in 2008?
 
cpwill said:
i've noticed you making alot of these kinds of responses, inevitably followed by the "coffeepap" smiley.

have you finally fallen so low that you are actually utilizing VoR's debate tactics?
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As i told you earlier, I'm meet those I speak with on their terms. If anyone wants to behave as Conmservative does, I'll respond in kind. If someone actually wants to debate honestly, I'll do back flips and dig in. A few actually do that here. And I do enjoy them. But, while I drink my coffee and read my paper, I don't mind chatting with folks, even conservative. But let's not confuse it with debate.

:coffeepap
 
cpwill said:
here you go ;) that might help.
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and i have to say, every time i see that chart, i laugh at how some people forget the reagan years.....and expect obama to fix all the problems bush left in one fell swoop.
 
liblady said:
and i have to say, every time i see that chart, i laugh at how some people forget the reagan years.....and expect obama to fix all the problems bush left in one fell swoop.
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He's the messiah.
 
liblady said:
and i have to say, every time i see that chart, i laugh at how some people forget the reagan years.....and expect obama to fix all the problems bush left in one fell swoop.
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Have you found that documented 600 billion dollar increase in the debt that will occur because of the tax cuts for the wealthy?

I wonder what people like you think the role of Congress is in the political process including legislative and govt. spending? You claim that Bush left Obama a mess but haven't explained what the Democrat controlled Congress of which Obama was part of did during that mess Bush created? I would love to know how someone could inherit something they helped create?

I anxiously await proof that the extension of the Bush tax cuts for the rich will cause a 600 billion dollar deficit? If you truly have any interest in verifying the rhetoric, why don't you go to the following site and get the actual revenue and then explain to us all how tax revenue went up AFTER the tax cuts when as liberals claim it should have gone down.

Current Report: Combined Statement of Receipts, Outlays, and Balances of the United States Government (Combined Statement): Publications & Guidance: Financial Management Service
 
If government spending is cut in half by next year, what does that do to the unemployment rate?
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interesting question: what happened when the Harding administration pursued such a course?
 
liblady said:
and i have to say, every time i see that chart, i laugh at how some people forget the reagan years.....and expect obama to fix all the problems bush left in one fell swoop.
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see, that's funny because I see that chart and note your hyperbole about the Bush years is rather.... ludicrous.
 
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