What studies show Obama's stimulus bill did NOT created jobs?
I have asked this question before and all I got were insults and deflection. Some people make comments about the unemployment rate being high but all that means is it would be even higher without the stimulus unless you can prove the stimulus cost jobs or did not create any jobs. FYI The Congressional Budget Office, as well three private-sector economic-analysis firms studied how many jobs were created. CBO: Between 800,000 jobs and 2.4 million jobs. IHS/Global Insight: 1.25 million jobs Macroeconomic Advisers: 1.06 million jobs Moody's economy.com: 1.59 million jobs Mark Zandi, chief economist for Moody’s Analytics and former adviser to John McCain’s presidential campaign, and Alan Blinder, a Princeton University economist and former economic adviser to President Bill Clinton, modeled the past and what might have happened without the much-derided government responses. Their findings: “Effects on real Gross Domestic Product, jobs and inflation are huge, and probably averted what could have been called Great Depression 2.0. For example, we estimate that, without the government’s response, GDP in 2010 would be about 6.5 percent lower, payroll employment would be less by some 8.5 million jobs, and the nation would now be experiencing deflation.”
Asked By: Mr. Wolf - 9/16/2010
Best Answer - Chosen by Asker
A good question and you will get no insults here, below is a link that expresses concern over the plight of our industrial and manufacturing sector. This does not address the small businesses however but does give insight into what is happening in our larger companies. The second link gives the employment numbers along... More
Answered By: Spook - 9/16/2010
Additional Answers (14)
oh you mean the big government jobs.only a tool would think big government is better yet scream for a balanced budget.ignorance is bliss.
Answered By: PIXIE - 9/16/2010
The study done by Fox News University. You know... The one where Professor Beck over saw the collecting of data. You know the one...
Answered By: Quan - 9/16/2010
Must be nice to be a liberal and live in a false reality. When u wake up let us know.
Answered By: Proud American - 9/16/2010
But how much better would it have served if the 'pork' had been removed? I heard about the $800,000 given to questionable research, how much more was in the stimulus? There also should have been more restrictions on how the money was spent by the recipients, ie executive bonuses. Do not get me wrong it was needed... More
Answered By: Debra - 9/16/2010
The study of the unemployment lines.
Answered By: Cleetus - 9/16/2010
The Bureau of Labor and Statistics shows our economy shed 8 million jobs.
Answered By: Rocky Mtn High - 9/16/2010
Let's say for a minute that the stimulus did in fact create 150,000 jobs as Obama say it has. It cost us nearly a trillion to make that happen! Wouldnt it have been FAR cheaper, easier and more lucrative to every newly employed person to just hand them 1MILLION $ EACH INSTEAD... More
Answered By: Mo - 9/16/2010
What kind of study do you want? Unemployment is up. Most say much more than being reported. Why do you need a study? Do you demand studies for republican failures?
Answered By: Bob J - 9/16/2010
You need to ask yourself how many of those jobs will survive when the stimulus money that is paying for those jobs runs out... More
Answered By: Dennis c - 9/16/2010
The Fox and The Tea Bag study
Answered By: On the left and proud - 9/16/2010
Answered By: Sivart Anderson - 9/16/2010
the only jobs that were ever created since the dums came into power was the counting during census taking. Temporary and seasonal jobs that ended much too soon. We must have blinked when those millions of jobs that you are alluding to came and went.
Answered By: QuiteNewHere - 9/16/2010
FACTS This is another great question, Thanks.
Answered By: Sam Burns - 9/16/2010
Wolf, Tarp is just a short term care. Creating real jobs happened during the tech boom,(private business) but the gov is inefficient and not as profitable.
Answered By: GoldManMoney - 9/16/2010
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