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#202 Mar 01 2012 at 5:02 PM Rating: Good
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Dems stimulus


That's a nice bit of selective memory you have right there. The only real stimulus spending we've had was first proposed by Bush.
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#203 Mar 01 2012 at 5:04 PM Rating: Decent
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idiggory, King of Bards wrote:
Quote:
Dems stimulus


That's a nice bit of selective memory you have right there. The only real stimulus spending we've had was first proposed by Bush.


Sigh... Really dude?
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#204 Mar 01 2012 at 5:31 PM Rating: Good
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In the same vein your source doesn't differentiate, it claims ARRA created 2 million jobs, what not to say that by august the private sector didn't lose a further 2 million jobs, netting in 0 job growth.
Huh? It said that net job creation by Aug 2010 from ARRA was zero. Not that it created X jobs but other jobs were lost elsewhere, but that by August of 2010, the money for creating jobs had been spent, and the temporary jobs ARRA created had disappeared.

Heh.
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#205 Mar 01 2012 at 6:23 PM Rating: Decent
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Jophiel wrote:
gbaji wrote:
Quote:
In the same vein your source doesn't differentiate, it claims ARRA created 2 million jobs, what not to say that by august the private sector didn't lose a further 2 million jobs, netting in 0 job growth.
Huh? It said that net job creation by Aug 2010 from ARRA was zero. Not that it created X jobs but other jobs were lost elsewhere, but that by August of 2010, the money for creating jobs had been spent, and the temporary jobs ARRA created had disappeared.

Heh.


Meaning "Gosh gbaji. You're exactly right!"

Quote:
The results suggest that though the program did result in 2 million jobs "created or saved" by March 2010, net job creation was statistically indistinguishable from zero by August of this year. Taken at face value, this would suggest that the stimulus program (with an overall cost of $814 billion) worked only to generate temporary jobs at a cost of over $400,000 per worker. Even if the stimulus had in fact generated this level of employment as a durable outcome, it would still have been an extremely expensive way to generate employment.
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#206 Mar 01 2012 at 6:28 PM Rating: Good
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Hehehehehe...
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#207 Mar 01 2012 at 6:38 PM Rating: Decent
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gbaji wrote:
rdmcandie wrote:
Basically you have nothing to add other than your belief, when I have numbers, and economists who agree ARRA stemmed the recession and allowed for growth. As evidenced by your nation unemployment and GDP rates.


And I have numbers and economists who disagree. See how that's sorta meaningless?


Last night it was your Opinion, and today you have friends, and here I thought Alma couldn't be trumped.

(in regards to the rest of your alphabet spewing)

So now its ARRA and Obama Care that caused the issue (and all other 2009) spending. Maybe when you lose the water wings you can get out of the kiddie pool.


Smiley: lol
done

Edited, Mar 1st 2012 7:40pm by rdmcandie
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#208 Mar 01 2012 at 10:02 PM Rating: Good
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And I have numbers and economists who disagree. See how that's sorta meaningless?


It's sort of meaningless when the cause and effect are backwards. The stimulus was fairly ineffective. It probably was better than nothing, I'm not overly interested in how much. It wasn't ineffective because stimulus never works. It was ineffective because it was FAR TOO SMALL. At the time, serious economists predicted....that it was far too small. At the time I commented...that it was far too small, but would hopefully be better than nothing.

See, if someone bleeds to death when you bandage 1/5th of a gaping wound, that doesn't mean bandages are worthless for treating wounds.

Understand? I'm sure you don't.

It was a stupid compromise. The idea that the GOP would work with the WH and that they could go back to the well if it wasn't big enough was ludicrously naive. Big mistake, probably contributed substantially to the 2010 election bloodbath.

Krugman in 09:

http://www.nytimes.com/2009/01/09/opinion/09krugman.html

Brad Delong agreeing:

http://delong.typepad.com/sdj/2009/01/the-obama-fiscal-boost-a-note.html

Deann Baker:

http://www.huffingtonpost.com/2009/02/09/is-stimulus-too-small_n_165076.html

You get the idea. "This is too small to effective" before it was passed. I told you the same thing three years ago.

What was the conservative economic view of the stimulus in '09? Why, that it would drive interest rates up, of course.

http://online.wsj.com/article/NA_WSJ_PUB:SB124347148949660783.html

Didn't you refinance your condo recently at these historic high interest rates? STUPID!


Anyway it's time you found better source material. Here's a start.

http://gregmankiw.blogspot.com/

It's the blog of my Into to Econ professor! Oh, he's also Romney's chief economic adviser. Also a life long Republican. Worked for Bush, etc. He also has the near unique distinction of, while frequently being wrong, of understanding macroeconomics WHILE carrying water for the GOP. You should copy and paste from him instead of from Suzie Orman or wherever the random bullsh*t you spout now comes from. It'll make your posts at least superficially more interesting.

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