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Wrong. Without the stimulus measures, the velocity of demand would have been zero, and inventory would not have been liquidated. Cash for clunkers, for instance, created demand for cars which liquidated inventory which in turn cranked up production of new cars to replace depleted inventory. The homebuyer credits did the same thing for housing. It's no coincidence that job losses have receded from 600K a month to a gain of 4000 in Nov 2009. I suggest you pull your head out of your arse and get back to the real world.
OK dude, please prove your hypothesis. Those credits you speak of did not create demand they simply shifted demand from one quarter to another. If you have evidence to the contrary we would love to see it.
Of course it is no mystery that job loss has slowed, always does. Have you known a recession where it didn't?
By the way you do realize there hasn't been any net job gains right? What you don't understand is that the 4000 jobs gain you site is in one specific sector? Very lame. LMAO.
"Financial activities showed a net gain of 4,000 jobs in December, the Bureau of Labor Statistics reported this morning, to 7,695,000, from 7,691,000. According to Bloomberg data, that's the first gain since the summer of 2007, when the sector had a total of about 8.3 million jobs"
OK dude, please prove your hypothesis. Those credits you speak of did not create demand they simply shifted demand from one quarter to another. If you have evidence to the contrary we would love to see it.
Of course it is no mystery that job loss has slowed, always does. Have you known a recession where it didn't?
My young friend, I have been off my arse and in the real world for more years than I care to admit. I suggest you join us.
You've just shown again your lack of understanding of economics. "Shifting demand from one quarter to another" is just another way of saying "making the consumer spend now instead of later". But that's the whole point of the stimulus. During recessions, the consumer hoards cash, demand falls off, setting off a deflationary spiral which causes more unemployment which begets more hoarding of cash. The stimulus package intends to break this spiral by enticing the consumer to snap out of his cash-hoarding mode. Spend the cash now so it can recirculate into the economy and exert its multiplier effect on economic growth. That's how you ramp up your velocity of demand.
You've just shown again your lack of understanding of economics. "Shifting demand from one quarter to another" is just another way of saying "making the consumer spend now instead of later". But that's the whole point of the stimulus. During recessions, the consumer hoards cash, demand falls off, setting off a deflationary spiral which causes more unemployment which begets more hoarding of cash. The stimulus package intends to break this spiral by enticing the consumer to snap out of his cash-hoarding mode. Spend the cash now so it can recirculate into the economy and exert its multiplier effect on economic growth. That's how you ramp up your velocity of demand.
Give it up my friend. Demand has NOT been increased. The point of stimulus was to increase demand, it hasn't happened. Obama hasn't been shouting from the roof tops "yeah lets shift demand!".
Let me help you out here. Suppose I am your boss and I tell you I am going to give you a raise. I say I will give you 10% more pay this month and then 10% less next month would you consider that an increase in pay? If so, do you want a job?
So, if job losses always slow, what are you so hyped up about? You have been whining on this thread for nothing.
Ummm no, I don't think the American people are jazzed about slowing job loss. for $750 billion I think people were actually expecting at least 1 job gain. Even though we have 1 person thinks 4000 jobs have been created , the reality is we are still sheding jobs.
By the way you do realize there hasn't been any net job gains right? What you don't understand is that the 4000 jobs gain you site is in one specific sector? Very lame. LMAO.
Dude, do you not even read your own links? Here's what your link above says:
Quote:
Other sectors that added jobs last month included temporary help, education, and health care. The health care industry, the Bureau of Labor Statistics noted, has added 631,000 jobs since the recession began.
Tell me which part of that do you not understand. It says that other sectors besides the financial sector that gained jobs are temporary help, education, and health care. That's 4 sectors right there, not one specific sector as you falsely claimed. If you need me to translate that for you in simpler English, let me know.
Dude, do you not even read your own links? Here's what your link above says:
Tell me which part of that do you not understand. It says that other sectors besides the financial sector that gained jobs are temporary help, education, and health care. That's 4 sectors right there, not one specific sector as you falsely claimed. If you need me to translate that for you in simpler English, let me know.
Yikes are really trying to claim that there has been a net increase in jobs, is simply ain't so. You need to give up when you are behind dude. I was trying to help you out by saying you were mistaken by saying there was a net gain of 4000 jobs by saying you misinterpreted data. But I guess the truth is more dire than that.
Give it up my friend. Demand has NOT been increased. The point of stimulus was to increase demand, it hasn't happened. Obama hasn't been shouting from the roof tops "yeah lets shift demand!".
Let me help you out here. Suppose I am your boss and I tell you I am going to give you a raise. I say I will give you 10% more pay this month and then 10% less next month would you consider that an increase in pay? If so, do you want a job?
And clearly jobs have not been created.
When you say jobs have not been created, are you talking net?
Of course jobs have been created. That's an undeniable fact. There have been more jobs lost than created, though. That's also an undeniable fact.
Stimulus of any kind is never intended to drive the market. It's simply meant to minimize the impact of its trough until the market recovers, which economists have universally agreed it has been successful in doing. I think Obama's critics expect too much sometimes.
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