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Did the Stimulus Create Jobs? White House Economic Report Is Unclear

Discussion in 'News & Current Events' started by Revmitchell, Feb 12, 2010.

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  1. Revmitchell

    Revmitchell Well-Known Member
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    The White House Council of Economic Advisers (CEA) published a report on the economic effects of the Administration's economic stimulus plan.[1] The report claims that the stimulus legislation boosted gross domestic product (GDP) and employment above what they otherwise would have been. That is, the real results the economy is experiencing (10 percent unemployment, for example) are better than where the White House is now predicting the economy would have been without the fiscal stimulus.

    However, the CEA's proof of the economic impact of the fiscal stimulus policy fails basic standards of economic analysis.

    More Here
     
    #1 Revmitchell, Feb 12, 2010
  2. windcatcher

    windcatcher New Member

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    Sorry having to mention this, Rev, but url address doesn't get it. Got another?
    Thanks.:flower:
     
    #2 windcatcher, Feb 12, 2010
  3. Mexdeaf

    Mexdeaf New Member

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    Not one. It probably didn't even save Obama's job.
     
    #3 Mexdeaf, Feb 12, 2010
  4. Revmitchell

    Revmitchell Well-Known Member
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    #4 Revmitchell, Feb 12, 2010
  5. targus

    targus New Member

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    I can summarize the analysis of the White House report in one sentence.

    It's a bunch of bull - they made it all up.
     
    #5 targus, Feb 12, 2010
  6. donnA

    donnA Active Member

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    not the first time they've mad eup 'facts', last time they admitted it eventually, 'well, some of those jobs never even existed, we so sorry.'
     
    #6 donnA, Feb 12, 2010
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