The Veep is coming to town....here is a question for Dear Joe.
Do you think the economic stimulus plan is such a success with the number of jobs it created?
Then share with him their own statistics:
Some simple math:
Cost: $150,000,000,000
“Created or saved” jobs: 650,000
Cost per “created or saved” job = $230,769.23
Yes, yes it does. Joe the-vice-president Biden’s chief economist, Jared Bernstein, says: “Good news, folks…But as we applaud these unprecedented efforts in transparency and this new confirmation that the Recovery Act is successfully creating jobs across America, we are also acutely aware that even the highest estimates of jobs created or saved by the Act only partially offset the extent of job losses since the recession took hold last year. For this reason, we plan to continue to squeeze every job out of every dollar left to spend in the Recovery Act, and to do so with the same level of transparency achieved thus far.”
Yes, they are creating jobs. - successfully is open to interpretation.
If the White House had just handed $57,692..00 out to people on the street, then they could make the claim that 2.6 million people got paid like they were working.
If you like these economics then by all means vote for Invisi-Bill.
12 comments:
Ivy - you meant this stimulus, right?
* The first stimulus, Sep 2008, was under Geo. W. Bush
* It went from 3 pages (Paulson's simple request) to over 400 and from $700 billion to $800 billion, after the Senate upped the ante) due to:
1. MASSIVE FAILUES: Bear-Stearns - Fannie Mae - Freddie Mac - Lehman Bros - AIG - Merrill Lynch - Washington Mutual - Wachovia
2. Massive failures on Wall Street due to:
3. Housing bubble scandal, then foreclosures
4. Out of sight CEO salaries
5. Hiding billions off-shore hideouts for ultra-rich
* Then that added to:
* Decline in the overall economy -
* Job losses
* Record debt
* Ultra-record deficit spending
* Massive foreign borrowing up
– and it has not stopped yet as the situation is cooing some, but remains volatile and unstable and uncertain.
MR. OBAMA IS TRYING TO FIX IT - yet he gets blamed for all the above that you sorta, kinda skipped over!
If the facts matter... and surely they should.
Dan, please add the comment from Greenspan that he "never saw it coming."
Greespan only saw the boogyman, "inflation" coming and lurking behind every corner ... that's why he always wanted to "cool off the redhot" economy ...
I wonder how someone who lost a job or saw their company move to India measured that?
Dan you gotta lay off the madcow show. You know damn well pelosi,harry bunghole and the democrats pushed that package on bush.Just because he signed it on the way out the door it's all his fault? Selective reality?
The dimwits also failed to mention that the majority of these jobs are temporary.When the funds are gone so is the position.
blaming the economic stimulus plan designed by the bush administration on obama... that's priceless, PIV.
by your logic, you should be voting for owens since, as bill says, he's the only candidate who doesn't want to go back to the bush economic policies. the policies that made the stimulus necessary, and then put that legislation together.
care to comment on this hypocrisy?
I don't think the poster did that, 2:35. I believe it was more of a comment on the weakness of GWB. Either way, this stimulus crap is the Great One's baby. You can't have it both ways.
the federal checkbook spilled open on 9/22/01, and fear has been the driver for almost all the spending since. that and the failure of the Fed under Bush to monitor the banks and Wall St, the failure of the SEC under Bush to investigate Madoff complaints, the failures in Afghanistan and Iraq under Bush, the failure of FEMA under Bush to put some financial security back into the Gulf Coast after two hurricanes (except that Treant Lott got a new house outa the deal), the medicare fraud under Bush, the failure of Bush to negotiate lower prescription costs for seniors, the credit crisis under Bush, the housing FHA crisis under BUsh, the tax crisis under Bush, the stupendous leakage of our surplus under Bush, and on and on and on......
3:05 PM
It is clear from your post you get your news from msnbc.You don't have a clue what is going on in the country past or present.If you have broadband access google housing bubble timeline on youtube. The truth is right in front of you in Bwanney fwanks own words from 1996 to present. And a little side note HE IS SETTING US UP FOR ANOTHER REAMING. Question is can they still blame it on bush?probably.
http://www.youtube.com/watch?v=63siCHvuGFg
http://www.youtube.com/watch?v=XVIAGWtC http://www.youtube.com/watch?v=9nU3fNh-PRkD10http://www.youtube.com/watch?v=LSqhrHI http://www.youtube.com/watch?v=usvG-s_Ssb0fJV0 my fav.
This blame everything on Bush will likely go on for a long time. If that's what people choose to believe, then they can talk themselves into it. What we have to do is stop spending money we don't have, NOW. I don't have any interest in going back and trying to assign blame to GW, BC, or Truman for that matter. Get over it. The problem is what we are doing now. We are spending too much, borrowing too much, taxing too much, lying too much, and failing to honestly address issues, NOW.
Dan, it doesn't look like employment is much of a priority for the current administration. So choose another topic for your sermon.
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