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"Most obviously, it was too small. When we were designing it, most forecasters estimated that the United States would lose around six million jobs during the recession without fiscal stimulus. Compared with this baseline, creating three million jobs would have filled roughly half of the employment hole.Better tell that to Christina Romer who disagreed with you.
Was there a point to posting that the admin knew the GOP would not let ANY new jobs/stimulus package pass?Just don't call it a 'stimulus' - Alexander Burns - POLITICO.com
Obama wants to boost economy - just don't call it stimulus - CNN
Barack Obama's economic proposals: Just don't call it stimulus | The Economist
Obama's Next Economic Plan: Don't Call It a Stimulus - TIME
Don't call it a stimulus - Los Angeles Times
Echo Chamber: The new S-word? - Alexander Trowbridge - POLITICO.com
time mag---it's a national punchline
party on, progressives
Was there a point to posting that the admin knew the GOP would not let ANY new jobs/stimulus package pass?
Other than showing the Goebbels effect, what did you do?
Was there a point
You do realize that you just totally avoided, once again, accepting that you were COMPLETELY WRONG about Romer?You do realize that the stimulus program passed without Republican support and was what Obama requested. Why is it that people like you always believe that not enough money is ever being spent? Do you understand the private sector at all?
Keynes has barely been applied in the US....yet where austerity is being applied they are far behind.well, if a poor put out president can't even say it, if the word is suddenly obscene...
LOL!
Obama: "No Such Thing as Shovel-Ready Projects" - Political Hotsheet - CBS News
keynes is kaput
Keynes has barely been applied in the US
So selfishness is indeed a liberal trait?
not a small error
Romer and Bernstein on stimulus - NYTimes.com
we'reWere wesposedsupposed to be at 5% by now[?]
"Most obviously, it was too small. When we were designing it,
most forecasters estimated that the United States would lose around six million jobs during the recession without fiscal stimulus. Compared with this baseline, creating three million jobs would have filled roughly half of the employment hole.
As it turned out, even with the stimulus, we lost almost nine million jobs. Indeed, because of horrific job losses in late 2008 and early 2009, we’d nearly passed the six-million mark before the Recovery Act was even signed. Adding in the estimated effect of the act, the correct no-stimulus baseline was a total employment fall of nearly 12 million. With a loss that big, creating three million jobs was helpful, but not nearly enough."
http://www.nytimes.com/2012/10/21/b...stimulus-helped-and-could-have-done-more.html
.....
"Let's start with Susan Rice," said Pfeiffer. "Ambassador Rice went out that day, and represented the administration and spoke to what happened with the best information we had, that everyone in the administration had, is what she looked at. And that was the consensus of the intelligence community. What we do is we want to go out and speak to the problems ... And what's important is that when problems happen is that the president takes responsibility for them and tries to fix them. And that's what we're talking about in Benghazi. You're right, that is an abosulute tragedy what happened. And the question isn't who edited what talking points. That is largely irrelevant. What is relevant is to make sure that never happens again which is why the president is calling on Congress to pass legislation to beef up embassy security around the world and protect our diplomats."
"Look, I can't speak to the law here," he said. "The law is irrelevant. The activity was outrageous and inexcusable."
You guys are such poor readers, that projection on unemployment was made prior to January of 2009, before anyone anticipated continuing layoffs and an economy that would be much slower in recovery. The point was, of course, that the ARRA did make a fair impact on unemployment no matter what total unemployment actually was.Thanks, Prof but you are wasting your time here. Obviously you made up the article on the Stimulus posted in the NY Times. You need to stop making a fool out of liberals
“You look at the whole Benghazi thing. You look at those talking points and the initial draft by the CIA very explicitly said we know that activists who have ties to Al-Qaeda were involved in the attack. Then you see what comes out a couple of days later and there is no reference to this. This is a business where you have to tell the truth and that did not happen here.“
You guys are such poor readers
Host Chris Wallace reminds Pfeiffer that Obama didn't really talk with Secretary Clinton, Secretary Panetta, or Martin Dempsey, chairman of the Joint Chiefs of Staff, that night. "He was talking to his national security staff," Pfeiffer insists.
Asked about whether the president entered the Situation Room, Pfeiffer says, "I don't remember what room the president was in on that night, and that's a largely irrelevant fact."
Pfeiffer then argues that Wallace's questions about the president's handling of the Benghazi terror attack are "offensive."
"Most obviously, it was too small. When we were designing it, most forecasters estimated that the United States would lose around six million jobs during the recession without fiscal stimulus. Compared with this baseline, creating three million jobs would have filled roughly half of the employment hole.
As it turned out, even with the stimulus, we lost almost nine million jobs. Indeed, because of horrific job losses in late 2008 and early 2009, we’d nearly passed the six-million mark before the Recovery Act was even signed. Adding in the estimated effect of the act, the correct no-stimulus baseline was a total employment fall of nearly 12 million. With a loss that big, creating three million jobs was helpful, but not nearly enough."
http://www.nytimes.com/2012/10/21/b...stimulus-helped-and-could-have-done-more.html
pfeiffer: he read it in the paper
AP: White House insists Obama not involved
tigta: his deputy treasury secretary neal wolin was informed on june 4, 2012
nyt above
why can't obama deny knowledge of the irs scandal before april 22 of this year?
stay tuned
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