View Poll Results: Does Obama want the American Jobs Act of 2011 to pass?

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    9 75.00%
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    4 33.33%
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Thread: Does President Obama want his "new" jobs bill to pass?

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    Re: Does President Obama want his "new" jobs bill to pass?

    Quote Originally Posted by cpwill View Post
    yeah. if a quarter of a trillion from Bush plus Two point Eight Trillion from the Fed plus another Trillion from the first Stimulus didn't do squat, surely all that is missing is another $450 Billion. America is only a tax-credit-for-hiring-a-veteran away from 4% annual growth, no doubt.
    It's not the amount of money it's how it is spent. Also about half of the previous stimulus was tax cuts. I think Obama should have just given up trying to appeal to the republicans very quickly during his term, and when he had an all democratic congress passed a New Deal 2, but that didn't happen, one can dream though.
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    Re: Does President Obama want his "new" jobs bill to pass?

    Quote Originally Posted by cpwill View Post
    yeah. if a quarter of a trillion from Bush plus Two point Eight Trillion from the Fed plus another Trillion from the first Stimulus didn't do squat, surely all that is missing is another $450 Billion. America is only a tax-credit-for-hiring-a-veteran away from 4% annual growth, no doubt.
    Except that those did have significant effects. Sorry, but just saying stuff doesn't make it so. CBO among others all point to the stimulus for example having a definite positive effect on employment and GDP growth.
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    Re: Does President Obama want his "new" jobs bill to pass?

    What jobs bill?

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    Re: Does President Obama want his "new" jobs bill to pass?

    Quote Originally Posted by Your Star View Post
    It's not the amount of money it's how it is spent. Also about half of the previous stimulus was tax cuts. I think Obama should have just given up trying to appeal to the republicans very quickly during his term, and when he had an all democratic congress passed a New Deal 2, but that didn't happen, one can dream though.
    Heck, it took them a year to pass Obamacare even with all three branches.

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    Re: Does President Obama want his "new" jobs bill to pass?

    Quote Originally Posted by Redress View Post
    Except that those did have significant effects. Sorry, but just saying stuff doesn't make it so. CBO among others all point to the stimulus for example having a definite positive effect on employment and GDP growth.
    This is true, one problem was that it wasn't big enough. That the problem was bigger then we thought.
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    Re: Does President Obama want his "new" jobs bill to pass?

    Quote Originally Posted by 1Perry View Post
    Heck, it took them a year to pass Obamacare even with all three branches.
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    Re: Does President Obama want his "new" jobs bill to pass?

    I dont think either side cares what pass's they are in campaign mode and all they are interested in is the voters perceptions.

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    Re: Does President Obama want his "new" jobs bill to pass?

    Quote Originally Posted by Your Star View Post
    It's not the amount of money it's how it is spent.
    not according to the very Keyensian theory upon which the notion of stimulative spending is built. Famously, he suggested you might as well hire people to bury it in jars and then hire people to dig it up. Ben Bernanke has jokingly stated that he might consider flying around the country in a helicopter, just shoveling cash out an open side-door.

    Also about half of the previous stimulus was tax cuts.
    that is incorrect - the second stimulus included tax credits; which operate in the economy the same as government distribution of funds. They don't actually have much positive effect because they do not have alter any long-term considerations; and in a highly leveraged economy (such as - ta da! - ours) the "multiplier effect" is actually negative).

    I think Obama should have just given up trying to appeal to the republicans very quickly during his term, and when he had an all democratic congress passed a New Deal 2, but that didn't happen, one can dream though.
    umm.... he did. when Congress was unfillibusterable they couldn't care less what Republicans thought or did - the debate was wholly within the Democrat Party. Famously, Obamacare came without a Public Option not because the Republican Caucus was unanimously opposed to it, but because Democrat Senators were.
    Last edited by cpwill; 09-18-11 at 02:49 AM.

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    Re: Does President Obama want his "new" jobs bill to pass?

    Quote Originally Posted by Redress View Post
    Except that those did have significant effects. Sorry, but just saying stuff doesn't make it so.
    oh, never would I argue that the Stimulus (and Obamacare) haven't had large effects. quite the opposite:



    The administrations' policies have had quite an impact.

    CBO among others all point to the stimulus for example having a definite positive effect on employment and GDP growth.
    The CBO was ordered to take Romers' magical 1.4 Multiplier Effect and assume that it held... and so that is what they did. In realityland, however, the Stimulus' success can be easily gauged by whether or not it achieved its' predictions. Here in Realityland we call this the "Scientific Method".

    The problem lies with the fact that the entire notion of Stimulative Spending is a Broken Window Fallacy. Never do they ask where the money is coming from, or what it would elsewise be doing.

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    Re: Does President Obama want his "new" jobs bill to pass?

    Quote Originally Posted by cpwill View Post
    I don't think he does - the facts that he hadn't bothered to write it, hadn't bothered to lock on a Democrat Congresscritter to bring it up, and that Harry Reid hasn't scheduled an actual quick vote on it are rather indicative. Obama at this point is out of arrows - the Stimulus failed to do what he thought it would do, the Fed is tapped. He's not going to be able to seriously lower unemployment or increase growth between now and 2012... so what he needs instead, is a counternarrative. He needs a foil so that he can campaign on "If Only They Had Passed My Bill We Would Be In Recovery Right Now"... but (critically), they can't actually pass it, or else the jig is up. So, you pay for the whole thing with tax increases (which you know Republicans will refuse to do), in order to poison-pill it, and viola - you have a campaign stump speech to run against Congress with.

    Obama to propose $1.5 Trillion in Tax Increases

    yeah, I'd say I pretty much called this.



    and apparently he took out the trade deals that he claimed would create jobs "right now"... too bipartisan, I suppose. Don't want to risk those passing .

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