U.S. stimulus gave large jobs boost, CBO says

http://www.msnbc.msn.com/id/40356320

To bad the American public has allowed themselves to be ruled by fear. I'm sure the GOP isn't happy, this goes agaisnt their plan of weakening the country in their quest to control all 3 branches of Government.

 

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They always fail to include those who went off the unemployment relief programs providing them with funds. Not including all of those who haven't as yet found a job after they get out of that program would jump the rate oabove 15 percent as it is in many major cities now.

 

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You might have a case if the systems of measurement were variable. But they are not. The measure used has been and continues to be very consistent and supported by other measures.

What is being stated here is that the CBO said unemployment would have been much worse had it not been for the actions of the Democrat government.

 

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Tea Party wouldn't care. They'd just shrug this off as a "Liberal" skewing reality.

Tea Party has no need of facts.

 

I think the relevant piece of the article is this:

 

It's pretty difficult to predict the future and exactly how much something will help. The lady that made that prediction was simply incorrect. That doesn't take away the fact that it did indeed help.

 

Except for the fact that "relevant piece" has been discredited time and time again. The Obama adminstration did not promise unemployment would not exceed 8%.

""This is a claim with staying power. In fact, we first dealt with a similar claim a little more than a year ago when House Republican Whip Eric Cantor said, "We were promised. The president said we would keep unemployment under 8.5 percent (if the stimulus passed)." Since then, it has become frequent conservative talking point -- cited repeatedly by Fox's Sean Hannity, Glenn Beck and others. So we thought it was worth revisiting.

First, we could find no instance of anyone in the administration directly making such a public pledge. Rather, it comes via a Jan. 9, 2009, report called "The Job Impact of the American Recovery and Reinvestment Plan" from Christina Romer, chairwoman of the president's Council of Economic Advisers, and Jared Bernstein, the vice president's top economic adviser." - Politfact

http://www.politifact.com/truth-o-m...bama-said-stimulus-would-cap-unemployment-8-/

This paper was written and published before Obama took office and before the stimulus bill had even been drafted....one of those minor details that keep nipping Republicans/Tea Partiers in the butt.

 

It doesn't matter if it helped or not, it didn't help as much as the administration projected, which is one of the reasons that Democrats lost the house.

Fair or not, them's the breaks.

 

Republican lies are what sank the Democrats in this last election...that and the fact it takes a lot of time to recover more than 8 million jobs lost over the course of the last few years.

 

Why don't you just send all these unemployed people to Iraq and Afghanistan?

 

It would be nice if we could see which work sector was getting a boost.

 

That's probably because with hindsight (i.e. updated data) we know something they didn't know: unemployment was already at 8.2% before ARRA passed in late February 2009.

 

Some pretty biased reporting from MSNBC.

The issue is not whether the stimulus kept a small percentage of people in work but whether its minor impact was worth the hundreds of billions of dollars it cost. The American people have overwhelming said it wasn't -- and they're right.

What his article is really telling you is that your government spent close to $900 billion -- with a "b," as they like to say -- to prop up state and federal agencies with bloated budgets and build a bunch of public infrastructure programs with firms already raking in govt. cash from other projects.

Or forget my analysis and realize that the article is telling you that the $900 billion was the price for a couple of percentage points on the unemployment rate. And that's an official unemployment rate that grossly underestimates real unemployment, to say nothing of the issue of low-wage jobs and loss of purchasing power of those fortunate enough to be in work.

Again, the American people overwhelming are hurting and they saw no benefit from the stimulus. They can count the change in their wallets.

 

I get why TARP was passed. It's effectiveness is debatable, but the alternatives at the time could have meant real "depression". But the stimulus was utterly idiotic.

~String

 

Here's why I believe the stimulus wasn't as effective as it should of been. To much money allocated to tax-cuts. This is why I can't see why the inept tea-baggers falsey assumed that Obama raised their taxes. When their broke asses got a tax cut. Can anyone direct me to any conservative fiscal policy that has improved anything?

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http://www.recovery.gov/Pages/default.aspx

 

well that and the fact the chamber of congress and such spent money like drunken sailors

 

true tax cuts by their very nature cannot work the way the right wing claims they do.

 

True, that's why I want any conservative to prove to me that tax cuts actually work. The only thing it does is raise the defict. The stimulus package was primarily forged to appease the 3 Republicans who voted for it.

 

correct it is mathmatically impossible for a tax cut to work

 

What makes you think Republicans care about helping the American people or that they care who this legislation helped? Only thing Republicans care about is getting Obama out of office, not helping the American people. In their eyes, everyone who is poor is lazy and thus they should get no aid.