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Stimulus Boosted Jobs in 2nd Quarter, CBO Says

la city controller wendy greuel testifies that 111M of stimu... err, recovery act dollars "created or saved" exactly 45 jobs

that's a price of 2M per

Employment generation disappointing: LA City Controller - International Business Times

worse, she continues, her dept of transportation TARGETED an entire 26 positions to be rescued from unemployment at a PROJECTED cost of 40.8M, or 1.57M each

that was the dept's GOAL

unfortunately, the city of angels came up far short, only 9 opportunities were realized for the 40.8

it is what it is

the arithmetic of ruin
 
Bust requires that we have an exact standard with exact numbers. I don't think we have either. All I can say with certainty is that it did save some education jobs. There is no doubt about that. And I can say no matter who we elected, there would have been a stimulus. I can also say we'd be just as angery, if not more so, if the president and congress did not try a stimulus. History shows us that quite clearly.
 
saturday:

Real Clear Markets - Video - Home Foreclosure Tidal Wave?

5 million more coming

no news, here, for those who've been reading the monthlies the last 2 years

bust

no wonder obtuse obama can't say the suddenly obscene s-word in polite company

read more, talk less, don't be lazy, it's the only way to progress
 
All I can say with certainty is that it did save some education jobs. There is no doubt about that.

You keep saying that like it means something. Saving a handful of education jobs for the cost of about $800 billion out of a labor force of over 150 million people with an unemployment rate of around 10 percent doesn't mean hardly anything. Teachers are important, but its not like we would have lost all our teachers (or even the significant majority of them) otherwise, and given the price tag you need to do far better than a few hundred (maybe a couple thousand) teachers who had their jobs saved. Keep some perspective.
 
yeah, yeah, yeah....Conservatives back Republican ideas, and Liberals back demo ideas...Congratulations you have been promoted to 'Master of the Obvious"

That would be a failure upon your thinking. Republican ideas vary just as much as Democrat ideas. Obamacare is little more then a tweaked platform that the Republicans themselves proposed a decade or so back. Right now it has virtually no support by Republicans and Conservatives. Obama is pushing a R&D credit that is an amped up version of the R&D the GOP enacted when they held power. It's not getting much play by Republicans. Each party backs what it believes will get it the most bang at the moment. Republicans say the stimulus has failed and was nothing more then a liberal handout despite the ugly fact that the stimulus has many identical policies Bush and the GOP enacted following 9/11. It has really nothing to do with the actual ideas and platforms each party has. It has everything to do with what each party believes will gather it the most utility at the current moment. Obama getting bashed by Republicans for enacting their own policies is a sign of that.

Now I have some questions, because I am not an econ grad, or am I anything close to understanding some of the arguments coming from supporters of Obama these days

Then you should ask someone else. I didn't vote for him and I have stated repetitively that the stimulus did not work well. Merely because I honestly and objectively look at the subject does not mean I support Obama merely because the facts right now do not support your ideological bias.

a) How can you trumpet that as a success?

What are we comparing it to? Compared to January 2007, that's a huge success. Are the numbers good? hardly. But they have been much worse. Some of us have memories longer then a Goldfish's. Some people do not.

b) How much did every one of those 144,000 Jobs cost in real dollars per job spent by the tax payer?

Bad question. How many of those jobs were caused by tax payer dollars? You first assume what you want without proving your assumption. You have begged the question and done so in a blatant way that demands me to point out your dishonesty.

c) What is the earning of these people supposedly employed through Obama's wonderful spending spree? Are they earning as much as before they lost their job?

See above. Another fallacy based question.

a) How do you accurately measure a "SAVED" job?

Good question. That requires a provable counter-factual. Is Obama blowing some smoke on the level of jobs "saved?" Absolutely. But the belief that spending that much cash and nothing happening is pretty insane. Furthermore, the number of jobs likely saved from the stabilization of the banking/financial sector is likely in the millions.

b) How can liberals continue to point at the Bush Administration as the totally wrong way to go about all things economic, when Obama's plans have put things in overdrive?

That is your opinion. Not based on fact. Furthermore, if we examine the job losses, they are declining over time and job gains are increasing, even when we strip out census jobs. Learn the difference between opinions and facts. What is more interesting is watching anti-Bush people bash Bush's policies without realizing Obama has adopted many of them and sold them to the same people as the path to success.

c) How does spending something like a million dollars to create one $30K per year job that only lasts 8 months count as real job creation?

It doesn't. But that million dollars is clearly not creating just one job. If you believe that to be true, then you must also believe that every time a firm gets a huge order and hires lots of people and boosts demand from suppliers, suppliers don't change their labor demands. Like Boeing getting an order for 80 747s, putting a massive order for parts in and part suppliers not changing anything on their end.

We'll start here. I am truly looking for some explanations.

Given your questions, that is patently false. You are looking to hit Obama on anything. If you were honest, you wouldn't have replaced facts with opinions. Nor would you have used multiple fallacy questions.

I will tolerate your antics for now. But the kids gloves are off.
 
We can and have shown that education jobs were saved. And once that stimulus money was gone, so were the jobs.

Then there were no real jobs.

The government was only giving them money to keep them temorarily busy.
 
Then there were no real jobs.

The government was only giving them money to keep them temorarily busy.

Saved while the money was there. No one suggests the stimulus is a long term plan.
 
You keep saying that like it means something. Saving a handful of education jobs for the cost of about $800 billion out of a labor force of over 150 million people with an unemployment rate of around 10 percent doesn't mean hardly anything. Teachers are important, but its not like we would have lost all our teachers (or even the significant majority of them) otherwise, and given the price tag you need to do far better than a few hundred (maybe a couple thousand) teachers who had their jobs saved. Keep some perspective.

I mention those because we can clearly point to those. We do not know and might have trouble showing others. But if that money wasn't in the mix, being spent, it is reasoanable to assume more people and not less would be unemployed or hurting.

That said, what would you and others be saying if he did not sign a stimulus package and we were here or worse now?
 
Saved while the money was there. No one suggests the stimulus is a long term plan.

You mean to say that the US President admitted this was only a short term plan? That giving these people money was just a substitute for unemployment insurance or welfare?

What kind of plan it that when it only involves giving money away? It is neither a short term or long term solution. It is just a hugely expensive boomdoggle and people who support this craziness should have their heads examined as soon as Obamacare arrives,
 
You mean to say that the US President admitted this was only a short term plan? That giving these people money was just a substitute for unemployment insurance or welfare?

What kind of plan it that when it only involves giving money away? It is neither a short term or long term solution. It is just a hugely expensive boomdoggle and people who support this craziness should have their heads examined as soon as Obamacare arrives,

You should listen more. There was a short term effort and long term effort. Stimulus is always short term.
 
OK, so after billions of dollars spent on the short term plan they are right back where they started.

Whats the long term plan?
 
OK, so after billions of dollars spent on the short term plan they are right back where they started.

Whats the long term plan?

Not sure we're back where we started, but I would agree we need to hear more about a long term plan. I also note the government can't really fix the economy and it is kind of silly on our part for wanting them to. But, he is suppose to lead, and he should have a long term plan.
 
I mention those because we can clearly point to those. We do not know and might have trouble showing others. But if that money wasn't in the mix, being spent, it is reasoanable to assume more people and not less would be unemployed or hurting.

That said, what would you and others be saying if he did not sign a stimulus package and we were here or worse now?

The same rants that they are saying now: "President Obama is doing nothing to help pave the way for recovery". Ya know, the usual partisan hackery.
 
The same rants that they are saying now: "President Obama is doing nothing to help pave the way for recovery". Ya know, the usual partisan hackery.

Wonder if it has anything to do with actual results? Let us know when we get back to those terrible Bush years when total unemployment at the height of the recession was 12.0 million including discouraged workers.

Please note unemployment by month in 2009 and then in 2010. In spite of spending over a trillion dollars unemployment is up each month of 2010 vs. 2009 and that is what the American people are seeing and feeling. Rhetoric doesn't trump reality except in the liberal world. Almost 4 million more unemployed today than when Bush left office and Bush didn't spend over a trillion dollars on a stimulus plan that was supposed to hold unemployment to 8%.

Unemployment per bls.gov.


Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008 7628 7435 7793 7631 8397 8560 8895 9509 9569 10172 10617 11400
2009 11919 12714 13310 13816 14518 14721 14534 14993 15159 15612 15340 15267
2010 14837 14871 15005 15260 14973 14623 14599 14860

Discouraged workers
2008 467 396 401 412 400 420 461 381 467 484 608 642
2009 734 731 685 740 792 793 796 758 706 808 861 929
2010 1065 1204 994 1197 1083 1207 1185 1110

Unemployed + Discouraged
2008 8095 7831 8194 8043 8797 8980 9356 9890 10036 10656 11225 12042
2009 12653 13445 13995 14556 15310 15514 15330 15751 15865 16420 16201 16196
2010 15902 16075 15999 16457 16056 15830 15784 15970
 
You mean to say that the US President admitted this was only a short term plan?

When did he ever argue otherwise? Or are you just so big of a hack you didn't notice that? When was any recession spending meant to be permanent?

That giving these people money was just a substitute for unemployment insurance or welfare?

Spending money on projects is not giving people money. Furthermore, unemployment insurance was keeping retail alive for months. It was extremely amusing to watch people call for ends to unemployment insurance and attacking Obama on unemployment without understanding how unemployment insurance was keeping millions of retail workers employed. I agree with many Republicans that the Department of Education is a disaster. Their own epic failures to put real simple economic principles together is a sign of that.

What kind of plan it that when it only involves giving money away? It is neither a short term or long term solution. It is just a hugely expensive boomdoggle and people who support this craziness should have their heads examined as soon as Obamacare arrives,

Define giving money away.
 
When was any recession spending meant to be permanent?

When demo's have the purse strings.


Spending money on projects is not giving people money.

Nonsense, this Presidents agenda has been nothing if not payback to political allies.

Furthermore, unemployment insurance was keeping retail alive for months. It was extremely amusing to watch people call for ends to unemployment insurance and attacking Obama on unemployment without understanding how unemployment insurance was keeping millions of retail workers employed.

What kind of backward arse thinking is that? Look, tell me how unemployment payments that at top rates come in around $250.00 per week, are equal in spending power retail wise, to a job that brings in $1000.00 per week?

I agree with many Republicans that the Department of Education is a disaster. Their own epic failures to put real simple economic principles together is a sign of that.

Yet demo's tout that continuing to pour money into that broken system is a success....Not often at all do we hear a demo say that we need to structurally change the models in education, but rather that we need to continually increase the amount of money poured into that broken system.

Boo Radley asked earlier to another poster if he was in favor of doing away with teacher pensions, I say hell yeah! I don't get a pension, why should teachers be privileged?

Define giving money away.

Propping up union pensions.


j-mac
 
When demo's have the purse strings.




Nonsense, this Presidents agenda has been nothing if not payback to political allies.



What kind of backward arse thinking is that? Look, tell me how unemployment payments that at top rates come in around $250.00 per week, are equal in spending power retail wise, to a job that brings in $1000.00 per week?



Yet demo's tout that continuing to pour money into that broken system is a success....Not often at all do we hear a demo say that we need to structurally change the models in education, but rather that we need to continually increase the amount of money poured into that broken system.

Boo Radley asked earlier to another poster if he was in favor of doing away with teacher pensions, I say hell yeah! I don't get a pension, why should teachers be privileged?



Propping up union pensions.


j-mac

In spite of all the rhetoric from the Obama Administration about everything headed in the RIGHT direction the actual results say something entirely different. These are the numbers that the Obama Administration want people to ignore.

Unemployment up every month of 2010 vs. 2009
Debt increase of 3 trillion in his first two years of office
No Budget for fiscal year 2011 which begins October 1
4 million more unemployed today vs when he took office.
GDP Growth for second qtr. revised downward to 1.6%
Declining poll numbers showing a massive disconnect between Obama rhetoric and the American people's perception of the economy.
Recession reported to have ended in June 2009 prior to any "benefit" of the Obama stimulus plan

So until Obama supporters address the actual facts their rhetoric shows how out of touch with reality they really are.
 
So, conservatives think government is the answer, so Obama must be to blame. There are no toher factors, right?
 
So, conservatives think government is the answer, so Obama must be to blame. There are no toher factors, right?

The results speak for themselves and are contrary to the promises made by "your" President.
 
The results speak for themselves and are contrary to the promises made by "your" President.

That doesn't answer me. You think government is the answer, so tell me what the government should do to fix the problem.
 
That doesn't answer me. You think government is the answer, so tell me what the government should do to fix the problem.

Haven't paid much attention over the last year, have you. Govt. isn't the answer, never has been the answer and in fact is the problem as evidenced by the results generated by Obama. It is the Obama agenda, thus the govt. that has generated these results. We have a private sector economy that is being destroyed by the big govt. Obama agenda and that is reality.
 
Haven't paid much attention over the last year, have you. Govt. isn't the answer, never has been the answer and in fact is the problem as evidenced by the results generated by Obama. It is the Obama agenda, thus the govt. that has generated these results. We have a private sector economy that is being destroyed by the big govt. Obama agenda and that is reality.
Get real, the private sector was destroyed by George W. Bush, well BEFORE Obama became president. Deregulation of the big banks and Wall Street. And borrowing $ billions from China. Cheney once said deficits don't matter...
 
Get real, the private sector was destroyed by George W. Bush, well BEFORE Obama became president. Deregulation of the big banks and Wall Street. And borrowing $ billions from China. Cheney once said deficits don't matter...

Huh.. I work in the private sector and it's not destroyed or in rubble as you proclaim nor was it when Bush was around.
 
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