The non-partisan (both Dems & GOPers use) CBO Dispels Myths & Lies About The Stimulus (unemployment, CNN)

[kovert]

The CBO director, himself, presents the facts about the stimulus.

[texdav]

Read the bill its not romurs. Then look at the very fact that it was sold as a massive infrastructure and jobs bill. Didn't they just have to apsss a jobs bill because it wasn't working?Then as CNN reported the infrastructure eqauls the Big Dig in Boston for the entrie USA. It was a specail interest full of pork. No real jobs and very little infrastructure.

[kovert]

This is the analysis of actual economists & businessmen and not that of disc jockeys.

"On the one year anniversary of the passage of the ARRA, it seems appropriate to recap, not what the academics say, but what the business sector forecasters say about the impact of the stimulus package."

This is analysis has the approval of another well respected blog of an economist, the Johnson.

[kovert]

Here is more economic analysis by actual economists and not media pundits.

"So, this is simple: the baseline forecasts were optimistic, but unemployment would be even higher now without the benefit of the stimulus package."

[kovert]

More from the CBO director.

[kovert]

JP Morgan is a fan of the stimulus.

"J.P. Morgan Chase & Co. is nearing a deal that would allow it to benefit from a tax refund of as much as $1.4 billion, becoming the latest company to tap a little-noticed plank in an economic stimulus bill."

[sanrene]

The CBO director himself, admits the CBO just repeated their estimate of what they thought the stimulus would do.

A MUST see. Skip ahead to 38:20.

C-SPAN Video Player - CBO Director Elmendorf on Stimulus Law and the Economy (http://www.c-span.org/Watch/Media/2010/03/08/HP/A/30436/CBO+Director+Elmendorf+on+Stimulus+Law+and+the+Eco nomy.aspx - broken link)

CBO Admits that 1.5 Million ‘Stimulus Jobs’ Estimate Ignored Deepening Recession, Misspent Funds - Brian Riedl - The Corner on National Review Online

Now, CBO director Doug Elmendorf has finally conceded that they never actual examined this stimulus bills’ affect on the economy. Responding to a questioner following a recent speech, he admitted that the CBO’s jobs count was “essentially repeating the same exercise” as their initial projections. When asked if this means their jobs projections would have ignored any failures of stimulus spending to perform as CBO predicted, Mr. Elmendorf responded “that’s right.”

We really don't need the CBO to tell us the Failed Stimulus has failed, we all know it is true.

[california-jewel]

Is he telling us something that most of us don't already know. We really need a CBO to tell us what we already know.