Oh, not just you. You, bravo, Good Luck (who claimed that all of the stimulus money went into a black hole), and quite a few others on here who said that "no jobs" were created.
CBO Finds 3.7 Million Jobs Created by Stimulus
- Thread starter Bonestorm
- Start date
Oh, not just you. You, bravo, Good Luck (who claimed that all of the stimulus money went into a black hole), and quite a few others on here who said that "no jobs" were created.
The stimulus promised to create jobs - it did. It also promised to save some jobs - it did that, as well.
It didn't promise to end job loss, which was still going at a pretty furious pace when it passed.
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Later this year, this figure will peak at up to 5.3 million full-time-equivalent jobs, CBO finds.
^ lol ^
you morons are hilarious dragging out a year and half old article in the current events section. and you guys don't even realize the figures were PROJECTIONS....
onceler and nigel actually thought this was current....tff
^ lol ^
you morons are hilarious dragging out a year and half old article in the current events section. and you guys don't even realize the figures were PROJECTIONS....
onceler and nigel actually thought this was current....tff
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i never said the stimulus didn't create jobs. sheeesh, do you ever tell the truth?
SmarterthanYou
rebel
so you're trying to say that the stimulus couldn't move fast enough to keep up with the tidal wave of job losses, therefore unemployment still continued to rise, just not as fast?
Bingo. You're smarter than I thought.
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One factor that could make the reported figure too high
is that recipients’ reports may include some employment
that would have occurred without ARRA
http://www.cbo.gov/ftpdocs/115xx/doc11525/05-25-ARRA.pdf
is that recipients’ reports may include some employment
that would have occurred without ARRA
http://www.cbo.gov/ftpdocs/115xx/doc11525/05-25-ARRA.pdf
Um, Yurt, your citing to the part of the report where the CBO tells the reader why it does not use recipients' reports in assessing the impact of the stimulus.
I hope this helps.
And if you want to compare the CBO's earlier projections you should look to the later reports, such as the one in August of this year. You will find the earlier projections relatively unchanged. For example, the 5.3 million figure for Q3 2010 that you got a kick out of was revised downward to 5.2 million.
SmarterthanYou
rebel
hmmm. yurt, damo, or SF......I'm sure you have the number of jobs lost via the unemployment rate and monthly jobs report that bunks ol' oncelers premise, right?
Hmmmm....maybe you're not smarter than I thought. What do you think my "premise" is? It doesn't sound like you understand it.
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SmarterthanYou
rebel
your premise is the same that it has been since the stimulus was enacted. That not only was it not enough, but it was only supposed to slow the job hemorrhage. it's a nice though, but i'm not seeing the balance between that and the actual unemployment figures.
And who made that determination?
I assume you understand how the CBO tracks jobs that were created or retained?
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The Almighty
lol.... what is to say? The stimulus was enacted late February 2009. Unemployment at the time was at 8.2%, lets be generous and say the stimulus took until June or July to start seeing benefits to employment. Unemployment in both of those months was 9.5%. In May of 2010 when that wonderful estimate came out, unemployment was at 9.5%. Yet somehow the stimulus 'created between 1.2 and 2.8 million jobs' and 'could reach 3.7 million by September'.
In September 2010 it was at 9.4%, Nov. 2010 at 9.8%.
The very fact that their estimate was 1.2 million to 2.8 million shows you they have no friggin clue. A range of 1.6 million people? Give me a break. The fact that unemployment remained stagnant (if you are being generous) shows that the stimulus did not add jobs on a net basis (as a percent of the workforce) to the economy. At best it stemmed further job losses/kept pace with population growth. Dung claims the baseline is 'what would have happened if there was no stimulus' (a number we have NO way of calculating. Only guess work). By May of 2011, the estimate on jobs was 1.2 million to 3.3 million. Lets just say the stimulus created between 1 and 1 billion jobs and be done with it. Obama rulz!
In the REAL world, we deal with the actual reported numbers by the BEA. That is what shows us what IS happening. Not some wide ranging estimate from the CBO (which is forced to make projections based on the data provided it, not necessarily the data that exists in the real world)
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The stimulus was never supposed to "fix" the economy. It was supposed to create jobs at a time when they were being lost en masse.
Were you under the impression that it was supposed to fix everything?
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The Almighty
I seriously doubt you can point to a time where I stated the CBO is not to be questioned. That said, why are you posting an article from May of 2010?
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The Almighty
The game they are playing at is saying the number of jobs increased. It doesn't say the number of jobs as a percentage of the workforce.
So if total jobs increases by 2 million but total number of workers increase by 3 million, they want you to look at the 2 million while ignoring the fact that the workforce actually grew as well.
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of course i understand....you clearly don't though. all you have your typical lies...like where i said the stimulus did not create any jobs.
SmarterthanYou
rebel
from the onset i was under the impression that it was going to fail miserably......and did. never did I think it was going to fix the economy, nor did I think 'creating jobs' was going to do anything other than cost billions of dollars for practically no gain. seems I might have been right.