Real or Fake: List of Stimulus Projects & Spending Fail Map (radical, Obama)

[Geechie North]

Originally Posted by Ferd

OK, lets pretend that the stimulus plan saved or created 3M jobs.

There are 2 metrics that we can use to evaluate the success of the plan.

First, as has been pointed out here, the Stimulus plan was designed to “save or create 4 to 5 million jobs.
By that metrics, Mr. Bammer has failed.

Second, we were told by Mr. Bammer that the Stimulus plan would hold unemployment below 8%. Again, Mr. Bammer has failed.

By either measure…. Provided we are willing to accept the “3 million saved or created” number, Bammer and company have failed.

How about the real metric:

700,000 jobs lost per month under Bush, slightly positive job growth under Obama.

That 8% (vs the 10%)- both official and undercounted by 50% is so tiny in the overall scope of the problem as to be a non-factor.

Bottom line: until we get a real jobs program- WPA style, and until we get our industrial base back from China, we are doomed as a nation.

But that won't happen until we have a free (ie, open) nomination and election process.

[Geechie North]

Originally Posted by swagger

Those numbers include ANY "job", including temporary "jobs" that exists for one week, then vaporize.

The unemployment rate in Nevada is almost 15%. What is it nationally? Almost 10%?

Yeah, you just keep on tootin' your horn about the smoke and mirrors being placed in front of you as a distraction. The FACT is that this administration has done virtually nothing to stimulate job growth in any area other than government - the ONE area that should be CUTTING BACK.

Unemployment is around 20%- when you count ALL job seekers.

Temporary jobs have been counted as jobs since the 60's.

[Geechie North]

Originally Posted by Sirros

To ignore the fact that Government policies had nothing to do with the economic meltdown is disingenious at best.

Government was bought by Corporate America under Ronald Reagan.

It has been their pet ever since.

Contrast the way we regulate now with how we did so in the 60's.

[Geechie North]

Originally Posted by Sirros

So you are agreeing the stimulus failed to do what it was supposed to do.
It was a complete waste of taxpayer dollars and was just another veiled bailout for Wall st and the unions while main st was again ignored.

No, it created or saved 3,000,000 jobs.

CBO again, no matter how much you wish to ignore it.

But it could have done so much more, IF Obama had governmed as he campaigned- making 'Fair' Trade Policy', controlling Wall Street.

But, alas, Obama is just another Corporatist, and NOT the Progressive he ran as- and beat the Radical Corporatist John McCain as.

[sanrene]

700,000 jobs lost per month under Bush, slightly positive job growth under Obama.

We've lost 4 million jobs since the stimulus was enacted. Is this another example of "new math" to calculate "positive job growth"?

[Geechie North]

Originally Posted by sanrene

We've lost 4 million jobs since the stimulus was enacted. Is this another example of "new math" to calculate "positive job growth"?

If you check, you'll see that most months since Obama has been at the helm have featured positive job numbers.

But I agree, only a WPA-style program would have quickly caused a rebound in numbers.

[Geechie North]

http://www.nytimes.com/2010/06/09/bu...nomic_stimulus


"The bill passed in February 2009, when the economy was shedding more than 700,000 jobs a month, and it was greeted with considerable skepticism. Some economists went so far as to suggest it would hurt the economy. Michael Boskin, a Stanford professor and former aide to the first President Bush, wrote an opinion article in The Wall Street Journal on March 6, 2009, blaming Mr. Obama and his policies for the stock market’s drop in previous weeks.
Soon, though, job losses began shrinking. The details — a rebound in state spending, an increase in corporate investment and a spurt in home sales helped by tax credits — suggested that the stimulus bill was a major cause. The Congressional Budget Office and private research firms estimate that the bill has added on the order of 2.5 million jobs. Since Mr. Boskin’s op-ed article appeared, stocks are up 56 percent."

Good article about the situation.

[sanrene]

Originally Posted by Geechie North

If you check, you'll see that most months since Obama has been at the helm have featured positive job numbers.

But I agree, only a WPA-style program would have quickly caused a rebound in numbers.

What?

Utter nonsense.

You just can't spend your way out of debt. And the new metric of "saved" jobs is just so much BS, created as a propaganda tool for obama. Never before has such a measurement been used.

There is really no getting around the FACT that the stimulus has failed to do what it was intended for. There is no getting around the FACT that the CBO can only give "estimates" based on assumptions that are flawed.

[Geechie North]

Originally Posted by sanrene

What?

Utter nonsense.

You just can't spend your way out of debt. And the new metric of "saved" jobs is just so much BS, created as a propaganda tool for obama. Never before has such a measurement been used.

There is really no getting around the FACT that the stimulus has failed to do what it was intended for. There is no getting around the FACT that the CBO can only give "estimates" based on assumptions that are flawed.

Employment Situation Summary

"Thus far this year, private sector employment has increased by 630,000, with about two-thirds
of the gain occurring in March and April. (See table B-1.)"

[Quick Enough]

Originally Posted by Geechie North

Employment Situation Summary

"Thus far this year, private sector employment has increased by 630,000, with about two-thirds
of the gain occurring in March and April. (See table B-1.)"

from your link; "Both the number of unemployed persons, at 14.6 million, and the unemployment
rate, at 9.5 percent, were unchanged in July"