Results 1 to 7 of 7

Thread: WHERE ARE THE JOBS??

  1. #1 | Top
    Join Date
    Mar 2009
    Location
    S California
    Posts
    3,940
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Groans
    0
    Groaned 0 Times in 0 Posts

    Default WHERE ARE THE JOBS??

    Jobs “saved or created” from $787 billion Porkulus: 30,083
    posted at 12:10 pm on October 16, 2009 by Ed Morrissey

    We’ve long criticized the Obama administration measure of jobs “saved or created” by their economic policies as ridiculously ambiguous. That seemed confirmed when the White House announced last month that a million jobs had been “saved or created” by the stimulus package, without any supporting data. This week, the administration finally supplied the data, and the number came to less than 1/30th of their September claim:
    The first direct stimulus reports showed that stimulus contracts saved or created just 30,083 jobs, prompting more Republican criticism of the $787 billion package.

    The data posted Thursday was the result of the government’s initial attempt at counting actual stimulus jobs. Obama administration officials stressed that data was partial — it represented just $16 billion out of the $339 billion awarded — but they said it exceeded their projections.

    “All signs — from private estimates to this fragmentary data — point to the conclusion that the Recovery Act did indeed create or save about 1 million jobs in its first seven months, a much needed lift in a very difficult period for our economy,” said Jared Bernstein, the chief economist for Vice President Joe Biden.

    Well, which $16 billion are we talking about? And where did the rest of the $339 billion, almost half of the Porkulus
    appropriation, go? Why didn’t the administration show that information to make the argument that the other $329 billion had the exact same effect as the $16 billion it highlighted in its initial report?

    At the rate shown by this report, this comes to almost $532,000 per job “saved or created”. Extrapolating that over the entirety of the Porkulus spending, the bill would only “save or create” 1.48 million jobs, and that assumes that it actually did “save or create” those jobs in the first place.

    Now, let’s assume for the sake of argument that the jobs we “saved or created” pay the national average salary of $50,000 and are permanently saved or created, a very generous assumption consider the kind of temporary hiring that we have seen from this effort. If each of these jobs paid an effective federal income tax rate of 15%, it would take over 70 years for them to pay back the money we spent on Porkulus, and that doesn’t count the interest we will pay on those funds. At a 20% effective tax rate, it would take over 53 years.

    And all of that assumes that the program works exactly as the adminstration claims. On that score, I’ll let Ken Spain have the last word:

    “Despite numerous promises from Congressional Democrats, there are still 15.1 million Americans out of work,” said Ken Spain, spokesman for the National Republican Congressional Committee. “After wasting taxpayer dollars to produce an unimpressive 397 jobs in Michigan, middle-class families are still asking one thing: Where are the jobs?”

    hotair.com
    McCain to Obama. "If you don't like our bill, send troops to help us."

    Obama, himself attempted to filibuster Justice Alito, who now sits on the Supreme Court.

  2. #2 | Top
    Join Date
    Jul 2006
    Location
    Convington, La
    Posts
    22,763
    Thanks
    2,261
    Thanked 543 Times in 432 Posts
    Groans
    1,642
    Groaned 623 Times in 562 Posts

    Default

    The job czar is "Tommy Flannagan".
    Yeah, Jobs saved that's that's the ticket. Wanna know where the jobs are, ask my secratary Morgan Fairchild.
    The stone that the builder refused
    Will always be the head corner stone

  3. #3 | Top
    Join Date
    Jul 2006
    Location
    Colorado
    Posts
    85,117
    Thanks
    2,505
    Thanked 16,529 Times in 10,534 Posts
    Groans
    2
    Groaned 578 Times in 535 Posts
    Blog Entries
    5

    Default

    Quote Originally Posted by Topspin View Post
    The job czar is "Tommy Flannagan".
    Yeah, Jobs saved that's that's the ticket. Wanna know where the jobs are, ask my secratary Morgan Fairchild.
    Whom I've slept with...
    Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
    - -- Aristotle

    Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
    - -- The Buddha

    It is the mark of an educated mind to be able to entertain a thought without accepting it.
    - -- Aristotle

  4. #4 | Top
    Join Date
    Apr 2009
    Posts
    16,136
    Thanks
    10,959
    Thanked 19,482 Times in 9,081 Posts
    Groans
    1,448
    Groaned 1,427 Times in 1,256 Posts

    Default Bush Outsourced Them!

    Quote Originally Posted by TuTu Monroe View Post
    Jobs “saved or created” from $787 billion Porkulus: 30,083
    posted at 12:10 pm on October 16, 2009 by Ed Morrissey

    We’ve long criticized the Obama administration measure of jobs “saved or created” by their economic policies as ridiculously ambiguous. That seemed confirmed when the White House announced last month that a million jobs had been “saved or created” by the stimulus package, without any supporting data. This week, the administration finally supplied the data, and the number came to less than 1/30th of their September claim:
    The first direct stimulus reports showed that stimulus contracts saved or created just 30,083 jobs, prompting more Republican criticism of the $787 billion package.

    The data posted Thursday was the result of the government’s initial attempt at counting actual stimulus jobs. Obama administration officials stressed that data was partial — it represented just $16 billion out of the $339 billion awarded — but they said it exceeded their projections.

    “All signs — from private estimates to this fragmentary data — point to the conclusion that the Recovery Act did indeed create or save about 1 million jobs in its first seven months, a much needed lift in a very difficult period for our economy,” said Jared Bernstein, the chief economist for Vice President Joe Biden.

    Well, which $16 billion are we talking about? And where did the rest of the $339 billion, almost half of the Porkulus
    appropriation, go? Why didn’t the administration show that information to make the argument that the other $329 billion had the exact same effect as the $16 billion it highlighted in its initial report?

    At the rate shown by this report, this comes to almost $532,000 per job “saved or created”. Extrapolating that over the entirety of the Porkulus spending, the bill would only “save or create” 1.48 million jobs, and that assumes that it actually did “save or create” those jobs in the first place.

    Now, let’s assume for the sake of argument that the jobs we “saved or created” pay the national average salary of $50,000 and are permanently saved or created, a very generous assumption consider the kind of temporary hiring that we have seen from this effort. If each of these jobs paid an effective federal income tax rate of 15%, it would take over 70 years for them to pay back the money we spent on Porkulus, and that doesn’t count the interest we will pay on those funds. At a 20% effective tax rate, it would take over 53 years.

    And all of that assumes that the program works exactly as the adminstration claims. On that score, I’ll let Ken Spain have the last word:

    “Despite numerous promises from Congressional Democrats, there are still 15.1 million Americans out of work,” said Ken Spain, spokesman for the National Republican Congressional Committee. “After wasting taxpayer dollars to produce an unimpressive 397 jobs in Michigan, middle-class families are still asking one thing: Where are the jobs?”

    hotair.com
    Where are the jobs? In Mexico, China, and India!
    http://fixco1.com/bushoutsourcing.html

  5. #5 | Top
    Join Date
    Aug 2006
    Posts
    4,815
    Thanks
    1,515
    Thanked 691 Times in 465 Posts
    Groans
    138
    Groaned 71 Times in 64 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by Damocles View Post
    Whom I've slept with...
    You slept with Morgan Fairchild? As an adult?

  6. #6 | Top
    Join Date
    Mar 2009
    Location
    S California
    Posts
    3,940
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Groans
    0
    Groaned 0 Times in 0 Posts

    Default

    Quote Originally Posted by Annie View Post
    You slept with Morgan Fairchild? As an adult?
    I kinda avoided asking him that question, but I was tempted.
    McCain to Obama. "If you don't like our bill, send troops to help us."

    Obama, himself attempted to filibuster Justice Alito, who now sits on the Supreme Court.

  7. #7 | Top
    Join Date
    Aug 2006
    Posts
    4,815
    Thanks
    1,515
    Thanked 691 Times in 465 Posts
    Groans
    138
    Groaned 71 Times in 64 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by TuTu Monroe View Post
    I kinda avoided asking him that question, but I was tempted.
    Well I'm shy, but bold.

Similar Threads

  1. Best Jobs of Today....
    By CanadianKid in forum Current Events Forum
    Replies: 12
    Last Post: 06-28-2008, 08:57 AM
  2. Switching Jobs
    By Hermes Thoth in forum Off Topic Forum
    Replies: 30
    Last Post: 05-09-2008, 08:01 PM
  3. Why Women don't want top jobs
    By Hermes Thoth in forum Off Topic Forum
    Replies: 61
    Last Post: 04-24-2008, 11:37 AM
  4. 132,000 new jobs in May
    By Topspin in forum Current Events Forum
    Replies: 70
    Last Post: 07-08-2007, 05:51 PM
  5. Employers Add 157,000 Jobs in May
    By uscitizen in forum Current Events Forum
    Replies: 11
    Last Post: 06-01-2007, 03:57 PM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •