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That's what Obama and Biden told us last year. We'd be so much worse off without it. Anybody agree with that? We've had no job creation but things have stayed the same. Thoughts?
That's what Obama and Biden told us last year. We'd be so much worse off without it. Anybody agree with that? We've had no job creation but things have stayed the same. Thoughts?
That's what Obama and Biden told us last year. We'd be so much worse off without it. Anybody agree with that? We've had no job creation but things have stayed the same. Thoughts?
Yes, I agree that the stimulus saved us from experiencing a second great depression. Obviously, the unemployment rate isn't good, and the stimulus money - absolutely critical to avoiding a depression - has added to the deficit.
No, I don't agree that "we've had no job creation" - during the period of Jan-Apr of this year, 573,000 jobs were created. We certainly haven't had enough job creation, and I don't believe that looking only at job creation gives us a valid picture of employment. However, to say we've had NO job creation is totally false.
But if, in fact, we look solely at job creation:
If the economy produces jobs over the next eight months at the same pace as it did over the past four months, the nation will have created more jobs in 2010 alone than it did over the entire eight years of George W. Bush's presidency.
That's what Obama and Biden told us last year. We'd be so much worse off without it. Anybody agree with that? We've had no job creation but things have stayed the same. Thoughts?
Yes, I agree that the stimulus saved us from experiencing a second great depression. Obviously, the unemployment rate isn't good, and the stimulus money - absolutely critical to avoiding a depression - has added to the deficit.
No, I don't agree that "we've had no job creation" - during the period of Jan-Apr of this year, 573,000 jobs were created. We certainly haven't had enough job creation, and I don't believe that looking only at job creation gives us a valid picture of employment. However, to say we've had NO job creation is totally false.
But if, in fact, we look solely at job creation:
If the economy produces jobs over the next eight months at the same pace as it did over the past four months, the nation will have created more jobs in 2010 alone than it did over the entire eight years of George W. Bush's presidency.
Are you counting Government jobs? Because you know that's where the hiring has been. Obama is growing the Democrat base, adding workers who will vote Democrat for pay increases.
Simply excahnged on problem for another, but the net effect will be the same. We will have to pay off this enormous debt somehow and since politicians do not know how to cut spending, they will increase taxes which will smother the economy.
That's what Obama and Biden told us last year. We'd be so much worse off without it. Anybody agree with that? We've had no job creation but things have stayed the same. Thoughts?
Are you counting Government jobs? Because you know that's where the hiring has been. Obama is growing the Democrat base, adding workers who will vote Democrat for pay increases.
Are you saying that federal government jobs don't count? As one federal retiree to another, I have to say I'm surprised by that.
As a federal employee, did you always vote Democratic? Do you think all new federal employees vote Democratic? Or only those hired while President Obama is in office?
It's hard to tell whether it worked across the country. I do know that in my county, they got stimulus money to repave most of the roads. It did put some people back to work but soon the road work will be finished and the jobs will be gone.
The upside is the work was done and people had jobs. The downside is the jobs will be over. Then what?
Yes, I agree that the stimulus saved us from experiencing a second great depression. Obviously, the unemployment rate isn't good, and the stimulus money - absolutely critical to avoiding a depression - has added to the deficit.
Even if we were facing a depression, we would not know it yet. It requires 2 or more years of negative GDP growth. It would be the end of July this year before we knew this was a [hypothetical] depression. To say the stimulus created growth is also a bit of a stretch, because GDP growth has been weak for the past 9 months. The only decent period of 5.6% growth was fueled by a refilling of private inventories drained by the recession. The cash for clunkers program, which only ran a few billion dollars, did more for the economy than over $1.2 trillion in stimulus spending. This is why I advocated much smaller, more focused spending that targets consumers and not the banks.
Quote:
Originally Posted by GreenGene
No, I don't agree that "we've had no job creation" - during the period of Jan-Apr of this year, 573,000 jobs were created. We certainly haven't had enough job creation, and I don't believe that looking only at job creation gives us a valid picture of employment. However, to say we've had NO job creation is totally false.
I do have the time to fact check your numbers, but I think they are a little low considering the BLS reported over 564,000 jobs created over the past 3 months were directly related to the 2010 Census.
Quote:
Originally Posted by GreenGene
But if, in fact, we look solely at job creation:
If the economy produces jobs over the next eight months at the same pace as it did over the past four months, the nation will have created more jobs in 2010 alone than it did over the entire eight years of George W. Bush's presidency.
That is ridiculous. The measure used to determine that only 1 million jobs were created under Bush is computed by adding up all months under his presidency. In reality, about 9 million jobs were created between 2002 and 2007. Bush had to deal with a brief recession in 2000-2001 and of course the current mess in 2008. If we use the same measure on Obama's term, 3 million jobs have been lost under him, including the jobs created this year.
Of course, that is not to say that Bush still had a weak job growth history compared to past presidents.. Clinton inherited an excellent economy in the middle of recovery, and jobs were only beginning to shed his last few months in office..
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