political_signs
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ahhhh slab just when i got all excited that something good was happening -.- i hate politics yet im addicted to it. fmlLet me point out once again, this excerpt from the report:
What this report can not tell you is, how many jobs would have been created in the economy over the last year and a half if the stimulus was never passed. Without that information, those numbers are meaningless.
ahhhh slab just when i got all excited that something good was happening -.- i hate politics yet im addicted to it. fml
They are given parameters by the ones who make the request. They are told what to include in their reports, what to omit, and often told which sources they can use as a basis for them.
The CBO is not allowed to broaden the scope of a report, even if in doing so, it would significantly alter their findings.
That's why their reports include so many "what if's" and explanations for their findings.
We saw this with Obamacare. Their reports prior to it's passing that were requested by the administration and democrats on capitol hill, painted a very rosy economic picture for America if the legislation were enacted. After the bill was passed, they were requested to do several other, more broad studies on the Obamacare bill, and every one that has been released so far, has contradicted or greatly reduced the positive benefits they reported initially. That's because their scope was severely limited before by the administration.
What this report can not tell you is, how many jobs would have been created in the economy over the last year and a half if the stimulus was never passed. Without that information, those numbers are meaningless.
The Obama administration is changing the way it counts jobs created or saved by stimulus spending in a way that will make the programs look far more successful.
Under the old rules, only jobs that were actually newly created or not lost because of stimulus money were counted. Now the administration plans to count all jobs for projects funded by stimulus money—even if that job already existed and the person was never in danger of losing the job.
Don-
Are these tallies on jobs calculated using the White House's revised method of counting job creation?
http://www.debatepolitics.com/gener...-white-house-changes-stimulus-jobs-count.html
okay wow... so didnt see your cnn list there GRIM17 uhhh well some of the things on that list are really essential. the whole going green thing im so for it. it helps out the environment as well as the wildland fire management on forest service lands. gotta keep the forests alive somehow.
idk even know what it is nor am i going to google it. it just sounds retarted.
wow... really? really? well at least we save more money then the government spending money on gasso theres a lot more money back in the pocket ;]
No. CBO's estimates are completely based on what its models showed, not White House estimates.
Even if the economy does turn around, wouldn't it have turned around without the stimulus package? Was it worth the price tag?
As long as the CBO is only allowed to use Keyensian economists to formulate its conclusions it will always be skewed.
I'd like to see a report with a more narrow window of what was supposedly created in jobs, as opposed to the aggregate number of unemployment claims for the same period. I bet it'd be a net loss.
j-mac
The estimates were from the CBO, but I believe the model they used was the revised version that the White House came up with.
The report notes, however, that the Recovery Act's effect on output will gradually diminish during the second half of 2010. The law's effect on employment and unemployment will wane gradually in 2011 and beyond.
Funny how that was left out of the OP.
Why? It's obvious that such an outcome would happen. Don generally doesn't post the blatantly obvious. Just as Reagan cut military spending down, the impacts from decreased federal outlays reduce activity. What's funny is you thinking that what you posted is ground breaking.
Then explain what the point of spending billions for a gain that will dissappear in a few months is O Child.
That is a load of bsThis number is meaningless it's like spitting in the Ocean and claiming you raised the sea level.
The following are the figures from National Unemployment Summary of the National Conference of State Legislators.
Unemployment rose slightly in August, 2010, to 9.6%. Unemployment has largely held steady in 2010, with a 9.7% unemployment rate for the first three months of the year, a slight increase to 9.9% for April, a drop back to 9.7% percent for May and another slight decrease, to 9.5% for June and July.
This clearly says no meaningful change this year so far.
The stimulus has been a giant waste of billions of Obama bucks.
L.A. got $111 million dollars and created a whopping 54 whole jobs. And that is typical of how the money has been spend in case after bloody case.
Obama is a failure in the first damn degree.
we know what would have happened in LA had the stimulus not been passed
Unemployment rose slightly in August, 2010, to 9.6%. Unemployment has largely held steady in 2010, with a 9.7% unemployment rate for the first three months of the year, a slight increase to 9.9% for April, a drop back to 9.7% percent for May and another slight decrease, to 9.5% for June and July.
This clearly says no meaningful change this year so far.
The stimulus has been a giant waste of billions of Obama bucks.
L.A. got $111 million dollars and created a whopping 54 whole jobs. And that is typical of how the money has been spend in case after bloody case.
That is a load of bs
Unless you factor in how bad the economy would or could have been without the stimulus your analysis is pure garbage
I will keep that in mind when the Libs whine that the Bush Tax cuts did nothing to help the economy
According to the report, the Los Angeles Department of Public Works generated only 45.46 jobs (the fraction of a job created or retained correlates to the number of actual hours of work) after receiving $70.65 million, while the target was 238 jobs.
Similarly, the city’s department of transportation, armed with a $40.8 million fund, created only 9 jobs in place of an expected 26 jobs.
The audit says the numbers were disappointing due to bureaucratic red tape, absence of competitive bidding for projects in private sectors, inappropriate tracking of stimulus money and a laxity in bringing out timely job reports.
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