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WASHINGTON — President Barack Obama's economic recovery program saved 935 jobs at the Southwest Georgia Community Action Council, an impressive success story for the stimulus plan. Trouble is, only 508 people work there.
Spin is what it is.But in the end it doesn't matter because even the presidents advisor says the stimulus has peaked and the voters see that it boruhgt little or nothing.
U-Bet .. and the glich is this current administration.
Giving a raise is not creating a job .. it's not even creating a fraction of a job.
Can you imagine what a mortgage company would do if after you painted your 10 year old house, you declared it to be new and want a new home asking price?
The house is 10 years old .. nothing new about it at all ..
The ignorance in Washington DC these days just boggles the mind.
The economy is dynamic. You aren't going to see everything unless you look at both forests and trees. Think of the 2008 Bush Stimulus Plan. A lot of people got a check for a few hundred dollars. Nobody got a new job in the mail. But even with a lot of people using those checks to add to savings or pay down debt, the demand that arose from the part of that $150 billion or so that was spent did save or create a lot of jobs. And the much larger Obama Stimulus that came along a year later has done even more, in part because it was deliberately targeted to those who would spend the money the quickest. Whether you see it or not, the stimulus cash has been out there doing the job.
The same is true with project support. If I give you $50,000 to support your day care center and you use it to hire one new person, that's a net gain. But it is as well if you give ten people a $5,000 raise. You don't get the up-front new hire, but the demand resulting from the money being spent does result in jobs being saved or created either way you do it.
I don't know whether the lady in question got the math right, but to suggest that the pay raises given to her 508 employees did not save or create any jobs is simply not to understand how the economy works.
The economy is dynamic. You aren't going to see everything unless you look at both forests and trees. Think of the 2008 Bush Stimulus Plan. A lot of people got a check for a few hundred dollars. Nobody got a new job in the mail. But even with a lot of people using those checks to add to savings or pay down debt, the demand that arose from the part of that $150 billion or so that was spent did save or create a lot of jobs. And the much larger Obama Stimulus that came along a year later has done even more, in part because it was deliberately targeted to those who would spend the money the quickest. Whether you see it or not, the stimulus cash has been out there doing the job.
The same is true with project support. If I give you $50,000 to support your day care center and you use it to hire one new person, that's a net gain. But it is as well if you give ten people a $5,000 raise. You don't get the up-front new hire, but the demand resulting from the money being spent does result in jobs being saved or created either way you do it.
I don't know whether the lady in question got the math right, but to suggest that the pay raises given to her 508 employees did not save or create any jobs is simply not to understand how the economy works.
so you think this is 'good' math
"""At Southwest Georgia Community Action Council in Moultrie, Ga., director Myrtis Mulkey-Ndawula said she followed the guidelines the Obama administration provided. She said she multiplied the 508 employees by 1.84 — the percentage pay raise they received — and came up with 935 jobs saved"""
how does a company that only has 508 employees, 'save' 935 jobs??????????
The economy is dynamic. You aren't going to see everything unless you look at both forests and trees. Think of the 2008 Bush Stimulus Plan. A lot of people got a check for a few hundred dollars. Nobody got a new job in the mail. But even with a lot of people using those checks to add to savings or pay down debt, the demand that arose from the part of that $150 billion or so that was spent did save or create a lot of jobs. And the much larger Obama Stimulus that came along a year later has done even more, in part because it was deliberately targeted to those who would spend the money the quickest. Whether you see it or not, the stimulus cash has been out there doing the job.
The same is true with project support. If I give you $50,000 to support your day care center and you use it to hire one new person, that's a net gain. But it is as well if you give ten people a $5,000 raise. You don't get the up-front new hire, but the demand resulting from the money being spent does result in jobs being saved or created either way you do it.
I don't know whether the lady in question got the math right, but to suggest that the pay raises given to her 508 employees did not save or create any jobs is simply not to understand how the economy works.
Your posts get scarier every day. Your mindset is why america is scared. It reminds me of Clinton arguing over the definition of "is". The government should not have to lie or deceive the public in such a disengenous manner. Even if the impact is the same financially, it contradicts the intent of the program. By your logic Wall Street executives who number in the thousands are the effective equivelent of millions of employees. Maybe the CEO of Bank of America can give himself a $10 million dollar raise and create 200 jobs. When we cut taxes and call it "trickle down" you blast it, but giving a group raises and equating it to job increases because the money trickles back into the economy is perfectly acceptable. You guys amaze me.
The economy is dynamic. You aren't going to see everything unless you look at both forests and trees. Think of the 2008 Bush Stimulus Plan. A lot of people got a check for a few hundred dollars. Nobody got a new job in the mail. But even with a lot of people using those checks to add to savings or pay down debt, the demand that arose from the part of that $150 billion or so that was spent did save or create a lot of jobs. And the much larger Obama Stimulus that came along a year later has done even more, in part because it was deliberately targeted to those who would spend the money the quickest. Whether you see it or not, the stimulus cash has been out there doing the job.
The same is true with project support. If I give you $50,000 to support your day care center and you use it to hire one new person, that's a net gain. But it is as well if you give ten people a $5,000 raise. You don't get the up-front new hire, but the demand resulting from the money being spent does result in jobs being saved or created either way you do it.
I don't know whether the lady in question got the math right, but to suggest that the pay raises given to her 508 employees did not save or create any jobs is simply not to understand how the economy works.
OMG it doesnt count as a saved job unless they were about to be laid off. They arent about to be laid off if they are getting a raise.
Also how do you count 935 jobs at the Southwest Georgia Community Action Council, an impressive success story for the stimulus plan. Trouble is, only 508 people work there.
"""At Southwest Georgia Community Action Council in Moultrie, Ga., director Myrtis Mulkey-Ndawula said she followed the guidelines the Obama administration provided. She said she multiplied the 508 employees by 1.84 — the percentage pay raise they received — and came up with 935 jobs saved"""
how does a company that only has 508 employees, 'save' 935 jobs??????????
If a pay raise translates into a job saved, and their are 508 employees to give pay raises to, but only 935 jobs were "saved," it sounds like to me that 81 people didn't get a raise. So if they didn't get a raise, does that mean that 81 jobs were actually LOST?
The White House sure does have an "odd calculator."
"""At Southwest Georgia Community Action Council in Moultrie, Ga., director Myrtis Mulkey-Ndawula said she followed the guidelines the Obama administration provided. She said she multiplied the 508 employees by 1.84 — the percentage pay raise they received — and came up with 935 jobs saved"""
how does a company that only has 508 employees, 'save' 935 jobs??????????
Now that would be funny if it wasnt so dishonest....
I thought The Obama was going to be the most transparent and honest president in history?
I guess the fact that the seas have stoped rising should be enough....
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