Obama’s Top Economic Adviser Conceded ‘Considerable Uncertainty’ About Stimulus Jobs

[Revmitchell]

The largest selling point to President Barack Obama’s economic stimulus bill is the claim that it will create or save at least 3 million jobs. But the source for that number is a report produced by Obama’s top economic adviser during the transition period in early January, which repeatedly stated that the jobs estimate carried “considerable uncertainty.”


More Here

 

[LeBuick]

I thought it was all hypothetical and based on theory. I don't think anyone will hold him to an exact number. The main thing is we need stop loosing 500K jobs per month.

 

[targus]

I thought it was all hypothetical and based on theory. I don't think anyone will hold him to an exact number. The main thing is we need stop loosing 500K jobs per month.

Right, the main thing is to create jobs.

So why don't these clowns quit with all the pet project - pie in the sky - pork spending and write a bill which will create the most jobs at the least cost to all of us?

Because that is not what they are about. They are about securing power by rewarding the campaign contributors that pur them in power so they could extract exactly this kind of repayment and they are about buying off the sheeple who don't understand that the government can never give anything that wasn't already yours before they took it to "redistribute" it to further their own selfish ends.

 

[LeBuick]

Right, the main thing is to create jobs.

So why don't these clowns quit with all the pet project - pie in the sky - pork spending and write a bill which will create the most jobs at the least cost to all of us?.

The spending is what will stimulate the economy. I forget who but one Rep. Sen was using the computers for the state department as an example of waste. What he doesn't realize is someone will have to build all those computers, buy OS and other applications, someone else install the computers and they'll probably upgrade the LAN to 1G. I know it's a drop in the bucket but we have to start somewhere...

 

[targus]

The spending is what will stimulate the economy. I forget who but one Rep. Sen was using the computers for the state department as an example of waste. What he doesn't realize is someone will have to build all those computers, buy OS and other applications, someone else install the computers and they'll probably upgrade the LAN to 1G. I know it's a drop in the bucket but we have to start somewhere...

If spending of money by the government that it doesn't have will stimulate the economy and it's only a drop in the bucket why not a "stimulus package" of ten trillion or fifty trillion or a hundred trillion?

Let's really get the economy going.

 

[LeBuick]

If spending of money by the government that it doesn't have will stimulate the economy and it's only a drop in the bucket why not a "stimulus package" of ten trillion or fifty trillion or a hundred trillion?

Let's really get the economy going.

I know you're being sarcastic but there are a lot of economist who feel this package is too small. The purpose of a stimulus is to get the eagle shifting and you do that be spending.

 

[Revmitchell]

I know you're being sarcastic but there are a lot of economist who feel this package is too small. The purpose of a stimulus is to get the eagle shifting and you do that be spending.

Who are these economists?

A lot of readers have asked us to sort through the various arguments about whether or not the stimulus bill (which, at the moment, is actually two different bills, one in the House and one in the Senate) will actually work. But we just don’t know the answer to this one. For that matter, even the experts don’t know. On one side, Nobel laureates Paul Krugman and Joseph Stiglitz argue that the only problem with the stimulus bill is that it needs more spending and fewer tax cuts. Those opposing the stimulus have their share of Nobel winners, too. Gary Becker warns that government spending will “crowd out” private spending much more than stimulus supporters believe, while James Buchanan, Edward Prescott and Vernon Smith signed a full-page New York Times ad saying that they don’t believe that more government spending will improve the economy.

http://wire.factcheck.org/2009/02/03/will-the-stimulus-work/

 

[targus]

I know you're being sarcastic but there are a lot of economist who feel this package is too small. The purpose of a stimulus is to get the eagle shifting and you do that be spending.

Well, then why not a hundred trillion?

 

[LeBuick]

Who are these economists?





http://wire.factcheck.org/2009/02/03/will-the-stimulus-work/

You just named two "Paul Krugman and Joseph Stiglitz"