- Joined
- Dec 9, 2009
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- Houston, TX
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- Conservative
I had hoped that common sense would suffice, but apparently that's lacking. So here you go: http://www.economy.com/mark-zandi/documents/End-of-Great-Recession.pdf
Again, learn the difference between the deficit and the debt and stop embarrassing yourself. Start with learning about how payments against the debt are made; maybe then you'll understand that the debt shrinks based on how much is paid back during the fiscal year and why those payments are irrelevant to comparing the annual deficit with how much the debt increases or decreases during a fiscal year.Right, borrowing money from the bank and putting it into your budget showing a surplus is reality
Too funny, Con ...
You post bull**** numbers and when I point out your numbers are bull**** and explain why they're bull****, rather than own your bull****, you try to claim I'm the one distorting numbers.
:roll:
When does your lying end? When are you going to begin to debate honestly?
July 27, 2010 which obviously missed the first and second quarter GDP numbers as well as the job numbers showing a reduction in the labor force. You keep buying what you want to believe and ignore the actual results. The question is why? Do you believe having .4% and 1% GDP growth shows the kind of economic results that should have been generated by 4 trillion added to the debt? Do you think having fewer jobs and more unemployed than when he took office is good economic performance? What is it going to take to get you to admit that you are wrong?
Right, what you did was take Perry's numbers in December 2007 and ignored the January 2009 numbers vs. today
J-Mac asked for an explanation by a credible economist, and I gave him one by two very credible economists. Obviously you didn't read it -- not that you would have understood it if you have. You can't even grasp the difference between raw and adjusted data.
Sheik Yerbuti;1059757173]Again, learn the difference between the deficit and the debt and stop embarrassing yourself. Start with learning about how payments against the debt are made; maybe then you'll understand that the debt shrinks based on how much is paid back during the fiscal year and why those payments are irrelevant to comparing the annual deficit with how much the debt increases or decreases during a fiscal year.
July 27, 2010 which obviously missed the first and second quarter GDP numbers as well as the job numbers showing a reduction in the labor force. You keep buying what you want to believe and ignore the actual results. The question is why? Do you believe having .4% and 1% GDP growth shows the kind of economic results that should have been generated by 4 trillion added to the debt? Do you think having fewer jobs and more unemployed than when he took office is good economic performance? What is it going to take to get you to admit that you are wrong?
You seem to think having more unemployed even despite an increase in jobs is a good thing in the case of Perry's tenure as Governor of Texas:shrug:
Unemployment Texas
....Jan 2001 4.2
.....Jul 2011 8.4
Current Unemployment Rates for States and Historical Highs/Lows
I had hoped that common sense would suffice, but apparently that's lacking. So here you go: http://www.economy.com/mark-zandi/documents/End-of-Great-Recession.pdf
Can't you pay attention? Is that really too much to ask?Right, what you did was take Perry's numbers in December 2007 and ignored the January 2009 numbers vs. today
No, 8.4% isn't acceptable but beats the 9.1% National rate as well as the 16.1% total national unemployment. The net job growth in TX however trumps the net job loss nationally mostly in liberal states that love Obamanomics
J-Mac asked for an explanation by a credible economist, and I gave him one by two very credible economists. Obviously you didn't read it -- not that you would have understood it if you had. You can't even grasp the difference between raw and adjusted data or the debt and the deficit.
Notice I said a credible economist. Moody's, and Zandi have been on board shaping the narrative since the push for this middle of the night increase in debt occurred. IOW, Zandi has been a mouthpiece for the administration. Giving me the drawn out excuse for why a stimulus was needed in the Keynes model tells me nothing about how you objectively measure a "saved job".... The whole argument that libs are using now, combined with a plethora of skewed numbers, and hyperbolic partisan double talk, combined with platitudes shows me that libs are busted.
Yours, and Obama's plan to explode the debt, and only aid those businesses and Unions that supported him are destroying this country, and the only answer you drones have is NOT accountability, it is NOT holding responsible that which did nothing but push us into crisis, but rather argue that more of what has already failed is needed.
That is INSANE!
j-mac
And you don't understand that the amount of debt from year to year is also impacted by how much is paid back, which has absolutely nothing to do with the deficit.Apparently you don't understand that the total debt includes public debt and intergovt. holdings. Taking from one to make the other one look good doesn't create a surplus. Looks like you are confused by the term public debt which throws you off. That really is the deficit in your example.
Adam, I know what it is like to be like you as I grew up a liberal and remember well the time that the lightbulb went off in my head that liberalism was a total and complete failure. It was extremely hard on me because I had spent so much time defending liberalism and buying the rhetoric. I learned to call that thinking with my heart. Once I started thinking with my brain the lightbulb kicked on as I always heard about spending in the name of compassion but never saw real compassionate spending which I identify as actually solving a problem and going away. Instead of solving problems, bureaucracies are created and grow every year keeping power in the hands of those bureacrats. I actually found that spending my own money to help people in the local communities solved problems and weren't accompanied by bureaucratic administrative costs and strings.
Yet by your own criteria of results mattering you would still vote for a guy who has seen in his tenure as Governor his state's employment rate double simply out of party loyalty.
So the lightbulb went on and that's what caused you to spew misleading data and lose sight of cause and effect? If that's the case I think I'll just stay here in the sunlight.
Yep, because it all about trends in employment numbers, not percentage change. There are more people employed in TX than were employed when Obama took office and when the recession begain. You see net job increase, labor force increase, and a balanced budget with Perry. With Obama it is a net job loss, reduction in the labor force, and 4 trillion added to the debt
And you don't understand that the amount of debt from year to year is also impacted by how much is paid back, which has absolutely nothing to do with the deficit.
Well, yeah, don't you know that the only credible economist are those who post on Conservapedia.com?Zandi is a mouthpiece for Obama?
Total jobs doesn't mean sh*t unless you consider the size of the employment pool. You could create a million jobs, but if your unemployment rate still goes from 4.4% to 8.4% you were a failure. This is so typical of you.
Zandi is a mouthpiece for Obama? That's a novel take on it, given the fact that he was one of McCain's economic advisors in 2008. :lol:
You asked for credible economists and both Zandi and Blinder are considered to be among the best. You fail the Pinocchio test.
It's accepted wisdom in certain quarters that we should never believe what we read. With journalists pressed to report on all manner of subjects about which they often lack knowledge, it's inevitable that their news reporting will be slanted in ways that misinform the reader.
Of course in order to inform their reporting, journalists frequently have go-to sources whose comments are meant to bring outside expertise to subjects about which they know little. When it comes to reporting on economic matters, Moody's Mark Zandi is the go-to economist du jour, and on a clear day he's everywhere; his comments about the economy a living embodiment of the view that what we call "news" is anything but.
Captive to nearly every discredited economic fallacy in the book, Zandi's musings on the economy misinform the reporters who oddly hang on his every word, along with readers who didn't get the memo about the difference between reporting and reality.
RealClearMarkets - Mark Zandi: Always Quoted, Often Wrong, Never In Doubt
We should have learned from the White House's reliance on Mr. Zandi's forecasts in January 2009 that magical "multipliers" yanked from some forecaster's black box are evidence of nothing. They simply reveal dubious assumptions built into that forecasting model. Yet the White House and Congressional Budget Office, as well as Professor Blinder, keep citing such models as if they were evidence the "stimulus" (spending) was effective. On the contrary, recent academic studies of real world events have been unable to find a multiplier effects even half as large as Zandi's model assumes. They find the addition to GDP is significantly smaller than the addition to the national debt — a bad bargain indeed.
In 2009 one of the new studies appeared in The Journal of Applied Econometrics by Andrew Mountford (University of London) and Harald Uhlig (University of Chicago). They found "the best fiscal policy to stimulate the economy is a deficit-financed tax cut." Moreover, "fiscal expansion through government spending" will soon begin to "crowd out both residential and non-residential investment" resulting in a bigger government but a smaller private economy.
Alan Blinder and Mark Zandi's Keynesian Black Box | Alan Reynolds | Cato Institute: Commentary
I don't give two hoots whom he was with in '08. You think that conservatives see McCain as a true conservative? I got news for ya, he isn't. McCain was on the same path as your boy Obama, just on a slower train.
Yeah, ok man, a bit of projection is going on here from you....Read about what the market analysis's think of Zandi...
and here...
And these things are clearly seen in the public today, which is why the predictable addition from Zandi by you is so wrong and NOT what I asked for...."Saved Jobs" is a myth, and a cover for paybacks to political cronies that helped Obama get elected in the first place....You have been duped.
j-mac
I don't give two hoots whom he was with in '08. You think that conservatives see McCain as a true conservative? I got news for ya, he isn't. McCain was on the same path as your boy Obama, just on a slower train.
Yeah, ok man, a bit of projection is going on here from you....Read about what the market analysis's think of Zandi...
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