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I don't understand...the Right reference the CBO numbers like it was the bible when talking about the health care cost when it speaks against this administration, but when they report on findings that support this administratioin, its spin.
Funny, I was just thinking the same thing
You know that if the CBO report said that the only effects were negative, some people would be trumpeting it like gospel.
Between 600,000 and 1.6 million jobs were created or saved through September as a result of the American Recovery and Reinvestment Act, according to a Congressional Budget Office report.
The data, released Monday, say the real inflation-adjusted gross domestic product was 1.2 percent to 3.2 percent higher than it would have been had the $787 billion stimulus package not passed in February. Also, the stimulus lowered the unemployment by between 0.3 and 0.9 percentage points, according to the report.
Seriously. "Between 600,000 and 1.6 million" should be enough verbiage to make the whole country roll its collective eyes.
That's like saying a Senator is worth between $1M and $500M on financial disclosure reports. There's nothing but hidden lies somewhere in a spectrum that broad.
All of the reports I've seen have it continuing to climb well past the 8% that the politicians promised the stimulus would hold it to...
That would actually be all the reports by right-wing disinformation types claiming that there had been such a promise once the actual unemployment rate went above 8%. No such actual promise was ever made by anyone. Although the consensus among private forecasters at the time was that unemployment in 2009 without the stimulus would peak at 8.00% to 8.25%...
I think you're on to something. Although there do seem to be a few other right-wingers who don't understand how their checkbook balance can be lower today than it was two weeks ago when their paycheck was just deposited last Tuesday...
Seriously. "Between 600,000 and 1.6 million" should be enough verbiage to make the whole country roll its collective eyes.
That's like saying a Senator is worth between $1M and $500M on financial disclosure reports. There's nothing but hidden lies somewhere in a spectrum that broad.
They are reporting the limits of the confidence interval. Sort of like when you see a poll and it says the margin of error is 3%. Garden variety statitical analysis. It's done all the time in business, government, and academia...
I don't understand...the Right reference the CBO numbers like it was the bible when talking about the health care cost when it speaks against this administration, but when they report on findings that support this administratioin, its spin.
Well, it is spin when the unemployment numbers are rising. Let's review a little simple math. If we lose more jobs than we gain, unemployment rises. If we gain more jobs than we lose, unemployment falls. Do you understand now?
I think you're on to something. Although there do seem to be a few other right-wingers who don't understand how their checkbook balance can be lower today than it was two weeks ago when their paycheck was just deposited last Tuesday...
Of course, my "academic economist". But if we look at the current account balance, it is indeed a net reduction from the time the check was cashed.
Let's review again for those that are stoned or drunk (Saggy- put down that bong and think for a second). When the number of new jobs is greater than the number of jobs lost, unemployment falls. When the number of new jobs is less than the number of lost jobs, unemployment rises. I understand that in the fog of liberalism simple concepts can be confusing, but unemployment numbers do not lie- Obama is failing. If we were to use leftists Saggy logic, we would all be much more happy at an unemployment rate of 45%, as there would be 55% "saved jobs". That is just a TON of "saved jobs". Obama is such a genius- he can even make liberal spin look rational.
Aka that without the stimulus there'd be an additional 1 million people out of work?
I'm not saying it's necessarily true, but can you see the logic there? Yes? No? ...It's not really that hard.
Rising slower? I love that one. If I am drowning, I will be happier that I am dead in 7 feet of water, rather than 10 feet. That is certainly progress- liberal style.
Recipients report that about 640,000 jobs were created or
retained with ARRA funding through September 2009.2
Such reports, however, do not provide a comprehensive
estimate of the law’s impact on employment in the
United States. That impact may be higher or lower than
the reported number for several reasons (in addition to
any issues about the quality of the data in the reports).3
First, it is impossible to determine how many of the
reported jobs would have existed in the absence of the
stimulus package. Second, the reports filed by recipients
measure only the jobs created by employers who received
ARRA funding directly or by their immediate subcontractors
(so-called primary and secondary recipients), not
by lower-level subcontractors. Third, the reports do not
attempt to measure the number of jobs that may have
been created or retained indirectly as greater income for
recipients and their employees boosted demand for products
and services. Fourth, the recipients’ reports cover
only certain appropriations made under ARRA, which
encompass only about one-quarter of the total amount
spent by the government or conveyed through tax reductions
in ARRA through September 2009. The reports
do not measure the effects of other provisions of the stimulus
package, such as tax cuts and transfer payments to
individuals.
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