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First of all, and I've said this before, I have not yet decided on who I am voting for. I will likely not decide until close to election time.So then two years after the end of a recession we have 3 million more unemployed or under employed (154 million X 16.2%) and you think that is worthy of re-election? When does this become the Obama economy?
Does this mean I can expect divorce papers from you again?Bye, Sheik, Friday night and I am out of patience with you. Have a good one
Run, Conservative, Run!Bye, Sheik, Friday night and I am out of patience with you. Have a good one
You could say the same thing about butterfly wings flapping in Australia, but that is the point. You can't predict what would have happened without it
We borrowed money for the stimulus, we didn't take it from tax revenues.
Yes, in your link she does say she regrets making that FORECAST. It was never a promise, as she made abundantly clear in the disclaimer that appeared along with the forecast.
Here's a bonus tip: if the weather man says it's going to be 90 degrees and sunny tomorrow, that's not a promise. It's a forecast. If it turns out to be 89 and partly cloudy, that doesn't make the weather man a liar.
except it's not 89. it's 130. not only was Romer wrong in scale, she was wrong in direction. we lost more jobs with the stimulus than we were warned we risked potentially losing without it.
The economy would probably be better if he had done a significantly larger stimulus, but realistically he probably couldn't have gotten more than he did ... since he needed at least token republican support.
The debt situation would not be quite so bad if he had been able to roll back some of the Bush tax cuts, but the republicans would not allow that.
The health care reform law would have been better, and would have saved more, if it had a public option, but the republicans would not have that.
It was never claimed that the unemployment rate would not exceed 8%
As she prepares to step down as President Obama's chief economist, Christina Romer said Friday that she wishes she could redo one of her first official acts for the president: last January's forecast that a big shot of federal spending would save millions of jobs and keep the unemployment rate under 8 percent.
The forecast was wrong.
Asked about the report, Romer said in an interview: "One could have presented it differently. If we'd only talked about the effect of the stimulus on the change in unemployment [instead of predicting the unemployment rate itself] . . . it would have been better. The thing I obviously couldn't control is the baseline forecast, and that's the thing I'm getting criticized for."
Is that a lie? Is it 2013? Did he not just offer to cut the deficit by $4 trillion over 10 years?
Obviously these sorts of pledges are only promises to try, as we all know that President cannot cut spending or raise taxes without Congress' cooperation.
Back in early January, when Barack Obama was still President-elect, two of his chief economic advisers — leading proponents of a stimulus bill — predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn't quite worked out that way.
To that, would you agree or disagree that a long-term deficit reduction plan with significant spending cuts tied to the debt limit would be better than a short six-month extension with minimum cuts?
[/QUOTE]no. he made a speech in which he mentioned 4 trillion in 12 years and a speech in which he mentioned 4 trillion in ten. asked to back this up, the CBO responded that they can't score speeches.
nor does 4 trillion over that time period consist of halving the Bush deficit. under the budget Obama submitted, the deficit every year for the next decade is larger than Bush's
Obviously these sorts of pledges are only promises to try, as we all know that President cannot cut spending or raise taxes without Congress' cooperation.
You are preaching to the choir.
Get a room.
It was never a promise
vote obama, 2012!
it was never a promise
it was a FORECAST!
LOL!
Did he not try to prevent the top Bush tax cuts from being renewed?
Obviously these sorts of pledges are only promises to try
it was a prediction
Wow, it took you a while to come up with that zinger.
Well, she was off by about two percentage points
and the error was not in calculating how many jobs would be saved or created, but rather, in underestimating the depth of the recession
In other words, they figured that unemployment would probably hit 10 or 11% without the stimulus.
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