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When Dubya was in his final days; when Obama came in, we were losing 700,000 jobs per month.
Most of the directly saved jobs are in the Auto Industry, and Teaching; the Auto ones are self-sustaining regarding pay. Teaching, of course, is a public-funded job now, as it always has been.
Most of the created jobs are in the Construction Sector. That was under the 'Infrastructure' part of the program.
It might interest you to know that Obama's people (Summers, Emanuel) viewed Infrastructure as an unimportant throw-away- a bargaining chip- as it did not directly help Wall Street.
Well it USED to be funded at the state level. Seems to have turned into a joint effort..state plus fed. The growing areas are ESL and SpecEd.
To me that seems to be a troubling pattern forming.
I took a math 4-8 state cert test and was the only one doing math.
One other person was there doing science 4-8.
There were a number of K teachers there from a district all taking ESL.
The reason was due to the increase in ESL students entering kindergarten that year..so many that the district paid for all the K teachers to get ESL qualified.
Anyway those in the video seemed really shocked at the answers and the use of our cash by the gov. I cant believe they are shocked. Wish they would have used the one of taking pictures of ants
Well it USED to be funded at the state level. Seems to have turned into a joint effort..state plus fed. The growing areas are ESL and SpecEd.
To me that seems to be a troubling pattern forming.
I took a math 4-8 state cert test and was the only one doing math.
One other person was there doing science 4-8.
There were a number of K teachers there from a district all taking ESL.
The reason was due to the increase in ESL students entering kindergarten that year..so many that the district paid for all the K teachers to get ESL qualified.
But that may be true for Texas; Texas (re: Education) is far from average.
And, while this is off topic somewhat- tho I'm happy to discuss it, so what if ESL is growing? Or Special Ed?
And I'm sure you know 'Public Funding' means State, Federal, and Local funding
The U.S. economy has expanded at a healthy clip for most of the last 70 years, but by a wide range of measures, it stagnated in the first decade of the new millennium. Job growth was essentially zero, as modest job creation from 2003 to 2007 wasn't enough to make up for two recessions in the decade."
When Dubya was in his final days; when Obama came in, we were losing 700,000 jobs per month.
Most of the directly saved jobs are in the Auto Industry, and Teaching; the Auto ones are self-sustaining regarding pay. Teaching, of course, is a public-funded job now, as it always has been.
Most of the created jobs are in the Construction Sector. That was under the 'Infrastructure' part of the program.
It might interest you to know that Obama's people (Summers, Emanuel) viewed Infrastructure as an unimportant throw-away- a bargaining chip- as it did not directly help Wall Street.
Yes, he bailed out his union buddies.
Quote:
Originally Posted by Geechie North
Tell that to the GOP. They used the CBO (which is non-partisan) as the Bible on a number of programs- Democratic ones, of course. Republicans killed 'Pay as You Go' when they were in power, because ALL their programs added to the deficit, and were by design not paid for.
You may not like the fact that 3,000,000 jobs were either saved or created, but it is just that: a fact.
I wonder if you've ever read the CO report for yourself, instead of believing what others tell you.
You will find it is an estimate, based on certain assumptions, which have completely fallen apart. The democrats have bastardized the process, making sure the CBO is hog tied in their assumptions they make to score the bills.
We saw just how much the process was corrupted with obamacare. A supposed $1 Trillion program that will cost closer to $2.5 trillion.
ESTIMATES are NOT facts.
We have LOST 4 million jobs since the stimulus was passed. There is no way you can convince a rational thinking person that 3-4 million jobs were "saved", which is impossible to quantify.
When obama makes this claim, the nation scoffs and laughs.
The CBO Director has basically admitted the estimate is based on flawed assumptions.
If you READ THE TITLE, it should give you great insight into how you have been mislead.
Now that school is over, back to the real topic of this thread - the waste and ridiculous projects funded by the democrats in the failed stimulus bill.
The question remains - do ANY of these projects grow jobs, commensurate with the funding ?
Here is the link to the CBO report itself (which isn't very long, under 20 pages), and some clips from it:
Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output as of September 2009 (http://webcache.googleusercontent.com/search?q=cache:CPLgzHJe0WIJ:www.cbo.gov/ftpdocs/106xx/doc10682/11-30-ARRA.pdf+A+report+by+the+nonpartisan+Congressional +Budget+Office+shows+the+Recovery+Act&hl=en&gl=us - broken link)
“The (CBO) based its estimates of the economic effects of the American Recovery and Reinvestment Act of 2009 (ARRA) on information from a variety of sources: macroeconometric forecasting models, general-equilibrium models, and direct extrapolations of past data."
“It is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package.”
"Estimating the law’s overall effects on employment requires a more comprehensive analysis than the recipients’ reports provide. Therefore, looking at the actual amounts spent so far (where identifiable) and estimates of the other effects of ARRA on spending and revenues, CBO has estimated the law’s impact on employment and economic output using evidence about how previous similar policies have affected the economy and various mathematical models that represent the workings of the economy."
"Economic output and employment in the spring and summer of 2009 were lower than CBO had projected at the beginning of the year. But in CBO’s judgment, that outcome reflects greater-than-projected weakness in the underlying economy rather than lower-than-expected effects of ARRA"
"One factor that could make the reported figure too high is that recipients’ reports may include some employment that would have occurred without ARRA."
"Substantial government spending can cause a shift in resources (including employees) away from production in other firms and sectors to government-funded projects. That indirect crowding-out effect could cause growth in employment among recipients of ARRA funding to be offset by declines in
employment elsewhere in the economy."
The main point I got from reading the actual report is that the jobs being discussed as "created or saved" are merely estimates based on models and assumptions, not real-world tallies. From one discussion of CBO numbers: "Nowhere was the search for political “cover” more evident than in the cost estimates prepared by the Congressional Budget Office (CBO). Lawmakers made great efforts to convince the public that these CBO estimates are unbiased and very accurate projections of future costs. Unfortunately, these cost estimates are often little more than fantasy...I have much less respect for CBO projections now than in the past, not because they provided political cover for passage of the healthcare bill, but because any analysis they perform is subject to restrictions that cannot help but affect their accuracy. In addition, politicians have become adept at crafting bills that take advantage of the inherent limitations governing CBO projections. As long as elected officials from either party can game the system, then no CBO projection will be reliable, no matter how non-partisan they may be." On The Economy & The CBO's Credibility - Forecasts & Trends - InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors.
Well it USED to be funded at the state level. Seems to have turned into a joint effort..state plus fed. The growing areas are ESL and SpecEd.
To me that seems to be a troubling pattern forming.
I took a math 4-8 state cert test and was the only one doing math.
One other person was there doing science 4-8.
There were a number of K teachers there from a district all taking ESL.
The reason was due to the increase in ESL students entering kindergarten that year..so many that the district paid for all the K teachers to get ESL qualified.
The federal share of education money is ~ 8%. I posted a link on another thread here on P&OC.
"In the 2007-08 school year, 48,396,076 students were enrolled in the U.S. K-12 public education system. That was a decline of 45,397 students from the previous year. They were taught by 3,150,061 teachers (full-time equivalent). That was an increase of 7,859 teachers from the previous year.
..
Twenty-seven states had fewer students in 2008 than in 2007, but 15 of them hired more teachers. These states were California, Connecticut, Delaware, Florida, Hawaii, Indiana, Kansas, Maryland, Minnesota, Mississippi, Missouri, Montana, North Dakota, Pennsylvania and Tennessee."
The problem is bigger than that. Why do you hire more teachers/staff when you have a declining student population ?
Why do you take stimulus money and hire teachers/staff when you know it's temporary ? Then come back and ask to continue funding that salary ?
This is exactly what will happen in a year. They will be crying crocodile tears that teachers will be cut unless we raise taxes.
There is no money to fund the expansion of local and state governments.
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