White House Council of Economic Advisors: stimulus cost $278,000 per job

• Writerbuckeye

  

  False or not -- the "stimulus" was an abject FAILURE based on the goal set by those who pushed through that spending debacle. It never kept unemployment below 8 percent which, ironically, was the fright point used in White House propaganda to get all that pork passed through Congress.
  
  So it really doesn't matter what people say or don't say about the bill: by the key success measure set by Obama himself, it failed completely and totally.
• Belly35

  

  Bigdogg;833257 wrote:Fact-checker says its FALSE. Believer and his merry group of sycophants guilty of spreading more B.S. propaganda.
  
  
  
  http://www.politifact.com/ohio/statements/2011/jul/15/john-boehner/house-speaker-john-boehner-says-obamas-economists-/

  
  OMG another brainless union member
  
  The Recoivery Act was a failure ( big fucking failure) and everyone knows it but you ........and Ty
• Bigdogg

  Belly35;833350 wrote:OMG another brainless union member
  
  The Recoivery Act was a failure ( big fucking failure) and everyone knows it but you ........and Ty

  
  Thanks but I do not belong to a union. That makes your post just another fucking i***** opinion
• QuakerOats

  Bigdogg;833443 wrote:Thanks but I do not belong to a union. That makes your post just another ****ing i***** opinion

  
  
  One reality that is certainly not opinion: obama is the greatest debt-creator in the history of the world.
• Bigdogg

  Writerbuckeye;833333 wrote:False or not -- the "stimulus" was an abject FAILURE based on the goal set by those who pushed through that spending debacle. It never kept unemployment below 8 percent which, ironically, was the fright point used in White House propaganda to get all that pork passed through Congress.
  
  So it really doesn't matter what people say or don't say about the bill: by the key success measure set by Obama himself, it failed completely and totally.

  
  There you go again Pinocchio, lies and dam lies.
  

  The president never made any statement suggesting that the stimulus legislation — which totaled about $800 billion, not $1 trillion — would prevent unemployment from going up beyond 8 percent. Bachmann is referring to a projection issued Jan. 9, 2009 — before Obama even took the oath of office — by two aides: Christina Romer, the nominee to head the Council of Economic Advisers, and Jared Bernstein, an incoming economic adviser to Vice President-elect Biden.
  
  The 14-page report thus was not an official government assessment, nor even an analysis of an actual plan that had passed Congress. Instead, it was an attempt to assess the impact of a possible $775 billion stimulus package and what difference it would make compared to doing nothing. The president-elect had articulated a goal of passing a plan that would “save or create 3 million jobs by the end of 2010.”
  
  Page 5 of the report included a chart that showed that unemployment would peak at 8 percent in 2009, compared to 9 percent in 2010 if nothing was done. But the report also contained numerous caveats and warnings because, after all, it was merely a projection. At the time, other economists had similar forecasts — Romer and Bernstein were in the mid-range — but the economy turned out to be in deeper trouble than most people thought.
  
  In any case, Obama never said that.

  http://www.washingtonpost.com/blogs/fact-checker/post/fact-checking-michele-bachmanns-announcement-speech-and-sunday-interviews/2011/06/27/AGMfj4nH_blog.html
• Devils Advocate

  

  Belly35;833350 wrote:OMG another brainless union member
  
  The Recoivery Act was a failure ( big ****ing failure) and everyone knows it but you ........and Ty

  I don't know what "union member has to do with this.
  
  I will have to sit on the fence on this. As far as measurables go, Most of it is VERY subjective.
  
  I would have to say that at least 1 in very 2 dollars spent found it's way back into the economy. on it's face, it's a falure, but aS FAR AS GOVERNMENT PROGRAMS AND SPENDING GO.....BIG WIN.
• Writerbuckeye

  

  Bigdogg;833455 wrote:There you go again Pinocchio, lies and dam lies.
  
  
  
  http://www.washingtonpost.com/blogs/fact-checker/post/fact-checking-michele-bachmanns-announcement-speech-and-sunday-interviews/2011/06/27/AGMfj4nH_blog.html

  
  Weasel words.
  
  Obama's administration made the claim -- so he gets credit or blame. At least that's how it works with Republicans. I'm sure Obama has a different criteria, since he has no problem with lying.
• believer

  

  Writerbuckeye;833509 wrote:Weasel words.
  
  Obama's administration made the claim -- so he gets credit or blame. At least that's how it works with Republicans. I'm sure Obama has a different criteria, since he has no problem with lying.

  And the leftists at the Washington Compost will be more than happy to help him lie.