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Author Topic: 650000 jobs!  (Read 254 times)
BAH-BLAH
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« on: October 30, 2009, 09:37:45 AM »

Saved or created!!!
You know, I say we pick a number.....a TRILLION sounds common....jobs saved or created. They can include jobs in the third world, and jobs here for generations yet to come, for thousands of years, and say THIS saviors stiumulus package saved them all.
Its UBERgazillions
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BAH-BLAH
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« Reply #1 on: October 30, 2009, 11:37:57 AM »

Im sorry its a million.....I was off 350000
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« Reply #1 on: October 30, 2009, 11:37:57 AM »

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Mac
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« Reply #2 on: October 30, 2009, 04:10:06 PM »

Yea right.. Just follow the little link.... What absolute rubbish.

http://www.google.com/publicdata?ds=usunemployment&met=unemployment_rate&tdim=true&q=us+unemployment+rate
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Mac
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BondServant
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« Reply #3 on: October 30, 2009, 05:34:12 PM »

Only 30,383 jobs were created or saved by the American Recovery and Reinvestment Act, according to Recovery.gov, the government’s once-transparent Web site that has become a complex blur of numbers, graphs and pie charts. These are only the jobs reported by federal contract recipients. The Obama administration will report the larger universe of ARRA-related jobs on Oct. 30.

http://www.bloomberg.com/apps/news?pid=20601039&sid=aUuHhaDx8Hr8
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« Reply #3 on: October 30, 2009, 05:34:12 PM »

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Mac
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« Reply #4 on: October 30, 2009, 05:42:25 PM »

Only 30,383 jobs were created or saved by the American Recovery and Reinvestment Act, according to Recovery.gov, the government’s once-transparent Web site that has become a complex blur of numbers, graphs and pie charts. These are only the jobs reported by federal contract recipients. The Obama administration will report the larger universe of ARRA-related jobs on Oct. 30.

http://www.bloomberg.com/apps/news?pid=20601039&sid=aUuHhaDx8Hr8

And the government added over 25,000 jobs to the federal payroll. You gotta love that big government.

"Fourteen of the top federal agencies responsible for spending under the American Recovery and Reinvestment Act say they've hired about 3,000 workers with stimulus money. That's helped fuel the continued growth of the federal government, which increased by more than 25,000 employees, or 1.3%, since December 2008, according to the latest quarterly report. During that time, the ranks of the nation's unemployed increased by nearly 4 million, Labor Department statistics"

http://www.usatoday.com/news/washington/2009-09-23-stimfed_N.htm
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Mac
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ConqueredbyLove
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« Reply #5 on: October 30, 2009, 06:31:23 PM »

I wonder how much money each czar gets?
Especially the ones that cheat on their taxes   Tipping hat
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« Reply #5 on: October 30, 2009, 06:31:23 PM »

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tennman
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« Reply #6 on: October 30, 2009, 07:01:16 PM »

The bottom line is, there's been no private sector growth.

This from Reuters: "Consumer spending in the United States fell in September."

This is pure government borrowing, because we don't have the money that they spent.  So there was no growth in the private sector, and these numbers today prove it. "U.S. consumer spending fell in September after four months of gains as a government program to boost auto purchases ended, adding to fears that economic growth could stumble without government support."

NewsBusters: CBS Says Obama Fudging Stimulus Jobs Numbers
AutoBlog: Edmunds: Cash for Clunkers Cost Taxpayers $24k Per Car, Not $4k
Investor's Business Daily: Wasteful Growth
BusinessInsider: Chart of the Day: Cash-For-Clunkers MASSIVELY Distorted GDP

It's kind of like me going to the bank and borrowing $20,000 and saying that I made $20,000 this month!
« Last Edit: October 30, 2009, 07:08:21 PM by tennman » Logged

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Logismos
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« Reply #7 on: October 30, 2009, 10:17:56 PM »

The bottom line is, there's been no private sector growth.

Why would there be in the middle of the worse recession in decades? Its obvious that pumping hundreds of billions of dollars into the system will bolster hundreds of thousands of jobs that would otherwise not exist either directly or indirectly through the fact that the hundreds of thousands who are working are all going to go spend money elsewhere in the economy and thus encourage other jobs. The economy could have lost millions of more jobs very easily.
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Mac
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« Reply #8 on: October 31, 2009, 06:14:12 AM »

The economy could have lost millions of more jobs very easily.

It did. Unemployment is at an all time high. Outside of the great depression of course.

The government added jobs. The people doing business with the government added jobs. But for the most part, regular "Joe's" are still unemployed. The stimulus didn't help the ordinary man. And that has been the complaint from the beginning.

At least with the stimulus payments during the Bush administration it helped the average family. I got a check in my hand. Money I put right back into the economy. Economics 101. Not so much with this one. And liberal are always accusing Republicans for their "Big" business mentality. Well, it is better than Big government. At least the business sector provides money in the form of tax dollars and employ people like me.

Speaking of Economics 101... Lowering taxes gives people more disposable income. Therefore, we spend more. Driving the gears to the machine called capitalism. Take money away from us, the opposite happens. It really isn't that hard. Number do not lie. When Bush lowered taxes, the government was the benefactor of record tax revenues following the cuts. Why? Because the business sector and average people like me spent money. Imagine that.
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BAH-BLAH
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« Reply #9 on: October 31, 2009, 02:29:40 PM »

Mac nails it again.

Consumers with money drive economic growth. Its funny but its hard to get democrats and libs to agree with that.
Rather create govt paper shufflers, and dilute every dollar by limiting it to the most inefficient place it can go.....govt.

Folks with money buy things, workers make things, its like magic!

Half a year of complete tax relief would have cost less, and turned things around for real, FAST
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« Reply #9 on: October 31, 2009, 02:29:40 PM »

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Logismos
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« Reply #10 on: November 01, 2009, 01:06:30 AM »

There is no question that the all the money spent during the recession added and saved hundreds of thousands of jobs in the economy. And there is no question that many more people would have lost jobs without it. So arguing that it didn't is a waste of your energy. The only question is whether or not the mix of stimulus checks, job-creation projects, and the bailing out of huge industries linked to millions of jobs is worth the massive long-term cost to our national debt. Who really knows...I would prefer not to have an $11.7 trillion debt. But if there had been a true catastrophic collapse of the financial system (instead of a freeze) and the subsequent collapse of entire industries followed by unemployment in the 30-40% range, well I would have liked that even less.
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« Reply #11 on: November 01, 2009, 04:57:59 AM »

There is no question that the all the money spent during the recession added and saved hundreds of thousands of jobs in the economy. And there is no question that many more people would have lost jobs without it. So arguing that it didn't is a waste of your energy. The only question is whether or not the mix of stimulus checks, job-creation projects, and the bailing out of huge industries linked to millions of jobs is worth the massive long-term cost to our national debt. Who really knows...I would prefer not to have an $11.7 trillion debt. But if there had been a true catastrophic collapse of the financial system (instead of a freeze) and the subsequent collapse of entire industries followed by unemployment in the 30-40% range, well I would have liked that even less.

Logimos...do you read the news?  There is a HUGE question as to whether or not the trillion dollar stimulus worked.  I'm sorry, but the facts are against you in this one.

In Christ,
KP
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Mac
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« Reply #12 on: November 01, 2009, 06:36:17 AM »

There is no question that the all the money spent during the recession added and saved hundreds of thousands of jobs in the economy. And there is no question that many more people would have lost jobs without it. So arguing that it didn't is a waste of your energy. The only question is whether or not the mix of stimulus checks, job-creation projects, and the bailing out of huge industries linked to millions of jobs is worth the massive long-term cost to our national debt. Who really knows...I would prefer not to have an $11.7 trillion debt. But if there had been a true catastrophic collapse of the financial system (instead of a freeze) and the subsequent collapse of entire industries followed by unemployment in the 30-40% range, well I would have liked that even less.

Where is your proof please? I have provided links.. You haven't. Unless you expect people to believe what the governments economic advisers are saying?

I work in an industry that produces commodities. And we make a lot of it. Our business is directly related to the economy. And I am here to tell you, the economy HAS NOT turned. There have not been any jobs saved in this industry.

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Mac
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« Reply #12 on: November 01, 2009, 06:36:17 AM »

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Logismos
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« Reply #13 on: November 02, 2009, 12:23:35 AM »

I'm not saying that the stimulus and bailouts worked or didn't work. I'm saying that putting hundreds of billions of dollars artificially into the system will automatically have an impact on jobs. It will take years for experts to seriously analyze the data and you can follow the jabber of talking heads now if you want to but you're going down a pointless dead-end rabbit hole if you actually think that hundreds of billions of dollars actually had no economic impact. However, whether the whole series of packages "worked" to the degree Bush and especially Obama promised is a separate question that I have no opinion on as of yet and those opinions that do exist are likely based more on ideology than on any currently knowable facts.  I think the Obama administration is asking for easy criticism by making these mostly unknowable assertions based largely on theoretical economic models.
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BAH-BLAH
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« Reply #14 on: November 02, 2009, 08:42:51 AM »

There is no question that the all the money spent during the recession added and saved hundreds of thousands of jobs in the economy. And there is no question that many more people would have lost jobs without it. So arguing that it didn't is a waste of your energy. The only question is whether or not the mix of stimulus checks, job-creation projects, and the bailing out of huge industries linked to millions of jobs is worth the massive long-term cost to our national debt. Who really knows...I would prefer not to have an $11.7 trillion debt. But if there had been a true catastrophic collapse of the financial system (instead of a freeze) and the subsequent collapse of entire industries followed by unemployment in the 30-40% range, well I would have liked that even less.

Where is your proof please? I have provided links.. You haven't. Unless you expect people to believe what the governments economic advisers are saying?

I work in an industry that produces commodities. And we make a lot of it. Our business is directly related to the economy. And I am here to tell you, the economy HAS NOT turned. There have not been any jobs saved in this industry.



Hey Mac, im in the commodity biz too....in general what ya makin over there?
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