Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge (unemployment rate, Congress)
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if Republicans were in charge from January 2009 onward—and if they were now given carte blanche to enact the proposals they want to—the projected 2010–2020 deficits would be larger than they are under Obama, and fewer people would probably be employed.
The math is pretty straightforward.
If it was that easy then the Obamadung boy would be able to EXPECT more jobs then right?
Instead of using the word unexpected on every issue.
Is this the same newsWEAK that said that Obama would create at least 2 million new jobs his first year and 5 million in his first 4 years?
Guess they are really good at predicting the future.
Quote:
We find that the effects on real GDP, jobs, and inflation are huge, probably averting what would have been called Great Depression 2.0. For example, we estimate that, without the policy responses, GDP in 2010 would be about 6½% lower, payroll employment would be about 8½ million jobs lower, and the nation would now be experiencing deflation.
When we divide these effects into two components, one attributable to the various rounds of fiscal stimulus and the other attributable to the panoply of financial-market policies (including the TARP, the bank stress tests, and the Fed’s quantitative easing), we estimate that the latter are substantially more powerful than the former. Nonetheless, our estimated effects of the fiscal stimulus policies alone are very substantial: In 2010, real GDP that is about 2% higher, an unemployment rate that is about 1½ points lower, and almost 2.7 million more jobs….
It would be nice if we could see what would happen depending on who was elected but we can't but someone has to make this stuff up to satisfy the readers, I can do it too, " if a meteor had hit the earth last year we may all be extinct" News at 11:00, WOW
My estimate is Obama will fix the unemployment numbers to scam us into thinking the unemployment rate is falling. Election time in coming.
Remember he ESTIMATED the unemployment rates would not go above 8% and he would create 5 million new high paying jobs. Well, today its 9.5 and he has lost 5 million jobs since this promise ( estimate ) was made.
My estimate will be that we will lose another 200k jobs in the next 6 months and if he repeals the Bush tax cuts as small business will lay off even more workers it might go higher then that.
I do not see anything good in the NEAR future with Obama and his poorly chosen money team running things. Their track record is not very good ya know.
As his record shows things are getting worse, not better and he is doing nothing to fix the problems he has caused.
That stimulus really worked out well didn't it?
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lol...
hmm...
