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Obama used those wild numbers to sell the stimulus bill.
Neither Romer nor Bernstein still advise the WH on economic matters.
Here are the words of Bernstein talking about Stimulus. I believe that Romer teamed with him to make all of this up and, as you say, neither is around today.
Only 69k jobs created last month and over 13 million reported to be unemployed and even millions more that have dropped off the radar. This is the worst performance by a president in my lifetime...other than Carter, but he will surpass even this failure of a leader if this continues.
Here's where the lie comes in. That number was never used publicly by Obama or any of his staffers. It wans't, ever. Obama didn't mention it in any speech, neither did the VP, nor any senior aids. The number was mentioned in one report which also noted the following:
"It should be understood that all of the estimates presented in this memo are subject to significant margins of error"
"There is the more fundamental uncertainty that comes with any estimate of the effects of a program. Our estimates of economic relationships and rules of thumb are derived from historical experience and so will not apply exactly in any given episode. Furthermore, the uncertainty is surely higher than normal now because the current recession is unusual both in its fundamental causes and its severity."
"Forecasts of the unemployment rate without the recovery plan vary substantially. Some private forecasters anticipate unemployment rates as high as 11% in the absence of action."
In other words, it's a lie that's quoted by right wing morons and a lot of emotional, partisan whiners latch on as they want some kind of data to justify their opinions.
That's basically why the OP COULDN'T provide any data to justify this horrible thread. There isn't any.
I guess people were reading blogs from Huffington Post:
By now, according to earlier White House economic models, the nation's unemployment rate should be on the decline. The forecasts used to drum up support for the plan projected today's unemployment would be about 8 percent. Instead, it sits at 9.4 percent, the highest in more than 25 years.
President Obama is being forced to wade into a domestic economic debate that just won't go away: As the unemployment rate rises, there have been calls for a second round of stimulus spending.
Obama is in a difficult position. He has to defend his $787 billion economic stimulus package at a time when there are few visible signs that it has had an effect. Unemployment is at 9.5 percent, even though the White House predicted in January that with the stimulus bill, it would rise to only about 8 percent.
First, the likely scale of employment loss is extremely large. The U.S. economy has already lost nearly 2.6 million jobs since the business cycle peak in December 2007. In the absence of stimulus, the economy could lose another 3 to 4 million more. Thus, we are working to counter a potential total job loss of at least 5 million. As Figure 1 shows, even with the large prototypical package, the unemployment rate in 2010Q4 is predicted to be approximately 7.0%, which is well below the approximately 8.8% that would result in the absence of a plan.
He said we were sold the stimulus package on that projection of unemployment. He's unable to prove what he says here. He's presenting a chart as if it were something Obama created. He's lying.
Oh for the good old days when conservatives weren't whiny, emotional neophytes who couldn't debate their way out of a paper bag.
No, you are the one lying. Everyone saw the chart in January 2009 because it was widely circulated and it was used to sell Obama's stimulus plan.
Here is the source of the chart along with a lot of other projections that were used to sell the plan.
Here's where the lie comes in. That number was never used publicly by Obama or any of his staffers. It wans't, ever. Obama didn't mention it in any speech, neither did the VP, nor any senior aids. The number was mentioned in one report which also noted the following:
In other words, it's a lie that's quoted by right wing morons and a lot of emotional, partisan whiners latch on as they want some kind of data to justify their opinions.
That's basically why the OP COULDN'T provide any data to justify this horrible thread. There isn't any.
I'll remind you of the OP: "Obama sold us his stimulus boondogle with this projection of unemployment. Too bad so many lemmings believed him."
That post is 100% true.
The chart was widely circulated and people believed that the stimulus would keep unemployment below 8% and that's why it got approved.
He said we were sold the stimulus package on that projection of unemployment. He's unable to prove what he says here. He's presenting a chart as if it were something Obama created. He's lying.
Oh for the good old days when conservatives weren't whiny, emotional neophytes who couldn't debate their way out of a paper bag.
Only 69k jobs created last month and over 13 million reported to be unemployed and even millions more that have dropped off the radar. This is the worst performance by a president in my lifetime...other than Carter, but he will surpass even this failure of a leader if this continues.
But But But, haven't you heard, things are looking up. So give Obama another chance to screw things up more then he now has.
For those things he deserves credit on, i give him that. But for the things he promised every one us he himself would fix, he does not get credit.
When you have a housing criris as the one we are experiencing, and for how long now! most people know if they use their brains, we are in trouble. Inspite of the low low interest rates. That is not even helping out the housing crisis. Millions unemployed who have truly stopped looking, why aren't they counted in those numbers.
Businesses we know, who have shut their doors, or closing a good portion of their stores, is not a good sign. In a good booming thriving economy, profits are made, and businesses don't shut down or close certain portion of stores. Because the public is spending, and has confidence.
The public does not have confidence in spending right now.
Economy is in a state of shambles.
He does not deserve another chance at 4 years, of screwing us up even more then we now are, i do not believe, he can fix this. But has millions of excuses why he can't! None of this his his fault, yada yada, yada!
I'll remind you of the OP: "Obama sold us his stimulus boondogle with this projection of unemployment. Too bad so many lemmings believed him."
That post is 100% true.
The chart was widely circulated and people believed that the stimulus would keep unemployment below 8% and that's why it got approved.
Widely circulated. It perhaps was on right wing blogs where the report was misrepresented maybe. The post is utterly false.
The number of time Obama mentioned the 8% figure? 0
It's an utter lie. Nothing other than some emotional partisans of the right variety trying to whine and justify their emotions.
Quote:
Now THIS is whining.
It's more melancholy and speaks to the dearth of education in young males. Most people on here are angry and clueless and you see it in their posts. They can't justify most of what they say and plenty of them can't even write properly. It's too bad the site doesn't have some sort of IQ captcha to filter out less than intelligent posts.
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