Real or Fake: List of Stimulus Projects & Spending Fail Map

[HappyTexan]

The administration can make up whatever number they want..it cannot be proven.

[Geechie North]

Originally Posted by Quick Enough

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"

Exactly!

And that is because the positive job numbers this year, are NO match for the massive damage that this Depression has done.

You'll note that job creation has been 630,000 since Jan of this year:

Better than it was by far, BUT we need 170,000 fulltime jobs created every month just to satify new job seekers entering the market.

It is now August: month 8.

Quick math would say you needed approx. 1.3 million jobs so far this year just to satisfy new job seekers, muchless the 15 million long-term unemployed.

And that's why this Stimulus- this jobs bill- was grossly underfunded ( the private sector (ie, business) debacle) cost this country 3 Billion dollars; Stim was less than 1/3 of that. And loaded with tax breaks which are revenue neutral at best, which produce few jobs.

Which is why we needed a massive government intervension- a new WPA and CCC to fix the problem.

But Obama is a corporate Democrat; in other words a Liberal Republican.

The one thing that he and the Radical Republicans who now dominate the GOP have in common is that they hate public sector solutions- they have to for a sucessful public sector intervention ends their game; their lies.

Unemployment Rate is a funny thing in this USA. We calculate it differently than does any other Western country.

And that means, at present, 50% of those who seek fulltime employment have a job which cannot provide the basics (food, clothing, shelter) or no job at all.

The real UC rate is reported (by BLS, but never in the corporate media, at least never when the Republicans were in charge. Now that CBS, CNN, etc, is running an active campaign to get the GOP back in power, it is sometimes given) in data as 'U6'.

And is around 18%.

[Geechie North]

Originally Posted by HappyTexan

The administration can make up whatever number they want..it cannot be proven.

Again, not the Administration, but CBO.

Congressional Budget Office. Independent.

I know the Right does not like this fact, but it is that: a fact.

[sanrene]

Originally Posted by Geechie North

Again, not the Administration, but CBO.

Congressional Budget Office. Independent.

I know the Right does not like this fact, but it is that: a fact.

And you don't like the FACT that it is an estimate from the CBO, based on assumptions from the congress.

Did you even bother to read the actual report?

See all the times it uses estimate?

[momonkey]

Originally Posted by Geechie North

Who said it did?

This is what I wrote...

"Of course, what they didn't know in February of 2009 was that the stimulus would also fail in the short run."


The fact that the stimulus created few, if any, jobs is the proof the stimulus created few, if any, jobs.



I can't believe you actually brought up the New Deal.

The only thing that saved us from New Deal double-digit unemployment was the military draft being reinstated in September of 1941. What more perfect example exists of a completely failed government solution to a problem that would have resolved itself in short order without government interference?


".

CBO saya the Stim created the jobs.

I see you do not know History, or do not like what it teaches.

The New Deal cut the unemployment rate by 50% in the early 30's. However in '36 a new Congress came in which was afraid of government debt, and the Schechter case was used as a pretext by the 'nine old men' to Gut the NRA. So they cut back- and unemployment rose. Because the lesson is once a capitalistic system eats itself, it does NOT have the ability to correct- unlike what Classical Economists taught.

We then wavered between despair and revolution (the late Harry Smith of CBS often spoke of farmers in his native Iowa storing guns and food for the upcoming revolution.); it was not looking good.

Then Pearl Harbor got hit, and the Congress and President HAD to spend at levels (they did not want to spend on the New Deal) on the Government program that broke the Depression at last:

WWII.

WWII was a 'government spending program', you understand?

Cheney and Rumsfeld had yet to privatize Defense.[/quote]



Simply because something happens at the same time something else also happens doesn't mean one caused the other. Following the greatest increase in US unemployment (21.7% over four years), what exactly did you think would happen next?


"I see you do not know History, or do not like what it teaches.
The New Deal cut the unemployment rate by 50% in the early 30's."

When the New Deal began in 1933 the UE rate was peaking at 24.9% and was still at 20.1% in 1935. Not sure where you're getting the "50% in the early 30's" thing or that the New Deal programs had any significant impact on reducing unemployment. Furthermore, it wasn't reduced by 50% until 1937 when it stood at 14.3% before shooting right back up to 19% the next year. The fact is that the military draft, by pulling some 11 million persons out of the civilian workforce and paring it down to 55 million, eliminated the glut of workers the job market still couldn't support even after all the New Dealery.

The other problem you have is US unemployment dropped to 9.9% in 1941 with the reinstatement of the draft in September of that year, but military spending didn't increase until 1942. So who employed these people in 1941 before the war jobs came along in 1942?

The Myth of US Prosperity During World War II - by David R. Henderson


Timeline of the Great Depression