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Old 02-17-2010, 07:50 PM   #1
TheMercenary
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Great. Provide your reference. I would be glad to shoot holes in it for you.
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Old 02-18-2010, 06:30 AM   #2
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Great. Provide your reference. I would be glad to shoot holes in it for you.
I did. It's from my link.
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Old 02-18-2010, 09:06 AM   #3
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Great. Provide your reference. I would be glad to shoot holes in it for you.
Because that's all you do.
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Old 02-18-2010, 10:01 AM   #4
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Originally Posted by Happy Monkey View Post
They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs.
Quote:
"So far, the Recovery Act is responsible for the jobs of about 2 million Americans who would otherwise be unemployed." — President Obama
* Context: Both government and private economists have made wide-ranging estimates for jobs created and saved by the stimulus. The non-partisan Congressional Budget Office (CBO), for example, has estimated that the stimulus was responsible for between 800,000 and 2.4 million jobs in 2009. The White House Council of Economic Advisers pegs the range at between 1.5 million and 2 million.
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Old 02-17-2010, 10:51 PM   #5
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Great list Radar. Other than the 2fers already mentioned, let's not forget these awesome accomplishments left off of the list.

1. Offended the Queen of England. Offended the prime minister of the U.K..
2. Bowed to the King of Saudi Arabia .
3. Praised the Marxist Daniel Ortega.
4. Kissed Socialist Hugo Chavez on the cheek.
5. Endorsed the Socialist Evo Morales of Bolivia .
6. Sided with Hugo Chavez and Communist Fidel Castro against Honduras .
7. Announced we would meet with Iranians with no pre-conditions while they’re building their nuclear weapons.
8. Gave away billions to AIG also without pre-conditions.
9. Expanded the bailouts.
10. Insulted everyone who has ever loved a Special Olympian.
11. Doubled our national debt.
12. Announced the termination of our new missile defense system the day after North Korea launched an ICBM.
13. Released information on U.S. intelligence gathering despite urgings of his own CIA director and the prior four CIA directors.
14. Accepted without comment that five of his cabinet members cheated on their taxes and two other nominees withdrew after they
couldn’t take the heat.
15. Appointed a Homeland Security Chief who identified military veterans and abortion opponents as “dangers to the nation.”
16. Ordered that the word “terrorism” no longer be used and instead refers to such acts as “man made disasters.”
17. Circled the globe to publicly apologize for America ’s world leadership.
18. Told the Mexican president that the violence in their country was because of us.
19. Politicized the census by moving it into the White House from the Department of Commerce.
20. Appointed as Attorney General the man who orchestrated the forced removal and expulsion to Cuba of a 9-year-old whose mother died trying to bring him to freedom in the United States .
21. Salutes as heroes three Navy SEALS who took down three terrorists who threatened one American life and the next day announces members of the Bush administration may stand trial for “torturing” three 9/11 terrorists by pouring water up their noses.
22. Low altitude photo shoot of Air Force One over New York City that frightened thousands of New Yorkers.
23. Sent his National Defense Advisor to Europe to assure them that the US will no longer treat Israel in a special manner and they
might be on their own with the Muslims.
24. Praised Jimmy Carter’s trip to Gaza where he sided with terrorist Hamas against Israel .
25. Nationalized General Motors and Chrysler while turning shareholder control over to the unions and freezing out retired
investors who owned their bonds. Committed unlimited taxpayer billions in the process.
26. Passed a huge energy tax in the House that will make American industry even less competitive while costing homeowners
thousands per year.
27. Announced nationalized health care “reform” that will strip seniors of their Medicare, cut pay of physicians, increase taxes yet
another $1 trillion, and put everyone on rationed care with government bureaucrats deciding who gets care and who doesn’t.
28. First Non-US citizen elected as US President.
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Old 02-17-2010, 11:08 PM   #6
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Oh no you din't!
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Old 02-18-2010, 09:34 AM   #7
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You're giving him too much credit. He doesn't even do that.
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Old 02-18-2010, 11:27 AM   #8
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No holes in that one.
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Old 02-18-2010, 11:33 AM   #9
Happy Monkey
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Good. Because it supports the numbers I posted, which are right in the middle of the CBO estimate, and on the low side of the WHCEA, which itself is well within the CBO.

Or were you under the impression that classicman's post was a refutation of mine in some way?
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Old 02-18-2010, 11:35 AM   #10
TheMercenary
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Originally Posted by Happy Monkey View Post
Good. Because it supports the numbers I posted, which are right in the middle of the CBO estimate, and on the low side of the WHCEA, which itself is well within the CBO.

Or were you under the impression that classicman's post was a refutation of mine in some way?
Dude, you can't take a range like that and really place any sort of validity on it. None.
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Old 02-18-2010, 11:48 AM   #11
Happy Monkey
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What is invalid about the range? It's not precise, but do you have anything (anything at all) that disputes its accuracy (the words have different meanings)?

The CBO is a good sanity check. Any numbers outside that range can be discounted, and numbers inside that range can be inspected.
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Old 02-18-2010, 12:05 PM   #12
TheMercenary
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Keep in mind the CBO only deals with the numbers given to them. BS in BS out. They are certainly no crystal ball on what will really happen. The numbers have been invalidated by numerous organizations who are not associated with the government. Even if you took the low end of most estimates at 600k that is pissing in the wind compared to the number of jobs lost and the actual money expended and allocated per job created. Certainly you are not going to believe the numbers released by the White House.
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Old 02-18-2010, 12:06 PM   #13
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Originally Posted by TheMercenary View Post
Keep in mind the CBO only deals with the numbers given to them. BS in BS out. They are certainly no crystal ball on what will really happen. The numbers have been invalidated by numerous organizations who are not associated with the government. Even if you took the low end of most estimates at 600k that is pissing in the wind compared to the number of jobs lost and the actual money expended and allocated per job created. Certainly you are not going to believe the numbers released by the White House.
You just simply cant accept any study that disputes your position....just admit it!

You are wrong about the recovery act not creating a significant number of jobs and stimuilating the economy and you are wrong about the recovery act being responsible for the growing budget deficit
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Old 02-18-2010, 12:19 PM   #14
Happy Monkey
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So that's a no then? You have nothing (nothing at all) to dispute their accuracy?

Quote:
Originally Posted by TheMercenary View Post
They are certainly no crystal ball on what will really happen.
Quote:
Originally Posted by classicman's post
The non-partisan Congressional Budget Office (CBO), for example, has estimated that the stimulus was responsible for between 800,000 and 2.4 million jobs in 2009.
It's an estimate of past perfomance, based on what did happen, not a prediction.
Quote:
The numbers have been invalidated by numerous organizations who are not associated with the government.
No they haven't (prove me wrong).
Quote:
Even if you took the low end of most estimates at 600k that is pissing in the wind ...
Don't you mean "especially if"? If you take the low end, of 800K, it looks worse than than if you take the middle or high end? Amazing how that works.
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Old 02-18-2010, 01:37 PM   #15
TheMercenary
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Originally Posted by Happy Monkey View Post
No they haven't (prove me wrong).
Lets go back to Nov 09 and start here. From the NYT:

Reports Show Conflicting Number of Jobs Attributed to Stimulus Money

Quote:
Those two extremes illustrate the difficulties in trying to figure out just how many jobs can be attributed to the $787 billion stimulus program. Last week the Obama administration released reports from more than 130,000 recipients of stimulus money in which they claimed to have saved or created more than 640,000 jobs, but a review of those reports shows that some are simply wrong, while others contain apparently subjective estimates.
Quote:
computer analysis by The New York Times of government reports showed that at least 30,000 of the jobs were being claimed in highway, street and bridge construction, and at least 14,000 were with transit agencies. The analysis found that the $5 billion push to weatherize homes, which was delayed in many states because of uncertainty over how much money the workers should be paid, had yielded only a little over 5,000 jobs so far, nearly half of which were in Ohio.
http://www.nytimes.com/2009/11/05/us/05stimulus.html

Quote:
The Obama administration has claimed that stimulus money has created or saved over 1 million new jobs. But with a U.S. national unemployment rate of 10.2 percent, it seems as though some people just weren’t buying it.
In the ABC News report, reporter Johnathan Karl dug deep into the data available on recovery.gov and the results were surprising to say the least. Among the inconsistencies are the following:
• Reports of jobs created in non-existent districts from virtually every U.S. state.
• Agencies that simply used the stimulus money to provide raises for their employees and counting those as saved jobs.
• Stimulus money that was used by agencies however no jobs were created. This is the case in Statesboro, GA where a nursing home used $243,500 of stimulus money to renovate its facilities yet reported that no jobs were created.
• Erroneous reporting of new jobs by agencies that now admit the jobs that have not even begun yet.
http://www.digitaljournal.com/article/282301

Quote:
"In late October, the administration reported that the first recipients of stimulus grants, contracts or loans created or saved more than 640,000 jobs. Recipients of tax breaks and aid such as unemployment insurance are not required to report, so the job numbers cover only about $47 billion of the $173 billion spent by Sept. 30. USA TODAY was among those that found examples of errors in that data, such as a Texas housing authority mistakenly reporting 450 jobs created by a $26,000 roofing project that actually employed six people."

This isn't the first report we've seen like this. How many will it take before the administration acknowledges that the stimulus has been an abject failure? That wasn't a serious question. This administration will NEVER acknowledge that it just wasted nearly a trillion dollars of taxpayer money.

The story continues: "The acting head of the Government Accountability Office (GAO), Gene Dodaro, told the committee his investigators found 3,978 reports where recipients reported creating a total of 58,386 jobs without spending any money. Another 9,247 reports covering $965 million in spending listed no jobs created or saved, Dodaro said."
http://www.associatedcontent.com/art...obs.html?cat=9

Now fast forward to Feb 2010:

Quote:
The CNN Fact Check Desk found that:

– Last November, the Congressional Budget Office estimated that between 600,000 and 1.6 million jobs were created through the third quarter, but said "it is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package."
– Also in November, the Government Accountability Office found "significant reporting and quality issues that need to be addressed."
– Last December, The White House Office of Management and Budget changed its guidance for stimulus recipients. Instead of asking recipients to report the amount of jobs created or saved with stimulus money, the Office asked recipients to report the amount of jobs "funded" by stimulus money.


Bottom Line: The White House-reported figures on jobs that were created under the stimulus plan are not specific enough to be deemed reliable.
http://politicalticker.blogs.cnn.com...id=FVXnfhW30kg
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