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Title: Voodoo economics? Tote up the jobs from Obama's stimulus
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URL Source: http://washingtonexaminer.com/opini ... mics-tote-jobs-obamas-stimulus
Published: Jan 24, 2011
Author: washingtonexaminer
Post Date: 2011-01-24 13:07:15 by no gnu taxes
Keywords: None
Views: 4036
Comments: 13
Democrats have lambasted Republicans for years for believing in "Voodoo economics." Well, the evidence is mounting that economic superstition is alive and well in the nation's political circles, though it has nothing to do with a fondness for tax cuts. It's instead the crazy belief that the government can spend its way to prosperity for the rest of us. Underscoring this conclusion, the Ways and Means Committee in the new GOP-majority House released a report titled "It's Official: On Unemployment and Jobs, Democrats' 2009 Stimulus Was a Huge Failure." The Ways and Means report provides a number of striking reminders about the predictions the White House made in January 2009 while urging the passage of their $814 billion Keynesian spending bill. By January 2011, the stimulus bill was supposed to have lowered the unemployment rate to 7 percent. It now stands at 9.4 percent, and the report notes that "the unemployment rate would be 11.3 percent if it included all the 'invisible unemployed' -- American workers who have simply given up looking for work." The report also claimed that the stimulus would create 3.7 million jobs by now, for a total of 137.6 million jobs in the American economy. Currently, there are 130.7 million jobs. Since passage of the stimulus, 47 of the 50 states have lost jobs; overall, the private sector has seen 1.8 million jobs disappear. Note as well that unemployment is slightly above what the White House predicted it would be if the Obama stimulus program was not passed as emergency legislation. Any honest assessment of the stimulus has to consider the possibility that flawed economics, kickbacks to unions and other Democratic special interests, corruption and an inefficient bureaucracy simply swallowed all the jobs for which those billions were supposed to pay. In fact, job creation exceeded the White House's expectations in only one area: The District of Columbia created almost twice as many jobs as the White House anticipated. In other words, thanks to the stimulus, the only sector creating new jobs is the federal government. In response to the failure of Obamanomics, the Ways and Means Committee report offers four solutions to get the economy going again: Streamline the tax code, pass pending free-trade agreements so American companies can easily sell goods overseas, repeal and replace Obamacare with reforms that actually lower insurance costs, and get spending under control so the national debt doesn't threaten the economy. Democrats may call this voodoo economics, but to most Americans it probably sounds like a popular and common-sense plan to get the economy going again. After two years of Obamanomics, almost anything would be a welcome change.
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#1. To: no gnu taxes (#0)
It's still amazing that Republicans criticize Republicans given the GOP job killing record: How dumb does one have to be to argue for a return to the red?
Since January 3, 2011, Republicans have controlled the power of the purse.
When Obama took Office, unemployment was under 8%. Now it's over 9%. Where's that 7% he promised?
It's not governments responsibility or prerogative to create jobs in the private sector. It IS governments responsibility to create a regulatory and legislative climate friendly to business, then to get the hell out of the way. Instead our government has created a climate that is hostile to business and it continues to 'intervene' to try to fix it's previous screwups. That is, assuming that government has screwed up and not created this climate purposely. I believe it was purposely.
Where's that 7% he promised? Give it time, the mess that he was left with is going to take a great deal of time to clean up, but we've already seen more private sector jobs created in 2010 then in 8 years of Bush.
Since January 3, 2011, Republicans have controlled the power of the purse.
Yeah, it is going to take the gOP Congress a long time to clean up the mess left by the Democrats.
Compare the jobs created under Bush with a GOP Congress to those created by Obama with a Democratic Congress.
I suppose in your bizarro world, there was no budget surplus or economic health inherited from the Clinton Administration either, before Smirk and Snarl dug such a deep economic hole he left us all in?
Sure, if you compare Obama and a Democratic Congress with Bush and a Republican Congress: Again, the last year of Obama & a Democratic Congress saw more private sector jobs created than the entire 8 years of the Bush administration.
Since January 3, 2011, Republicans have controlled the power of the purse.
Which party was in control when Medicare Part D was signed into law and NCLB was enacted?
Since January 3, 2011, Republicans have controlled the power of the purse.
Bush appointees having trouble finding jobs According to an article in the Wall Street Journal, the roughly 3,000 political appointees of the Bush administration are having trouble finding jobs. How much trouble? Roughly twice as much difficulty as similar appointees from the administrations of Bush I, Reagan, or even Clinton. This is ironic for so many reasons. Why does nobody want to hire them? Are they having trouble finding jobs because of the bad economy, for which they at least partly responsible? Are they difficult to employ because they are tainted by the association with Dubya? Or did the Bush administration routinely appoint substandard C-average people? Or is this just karma? http://politicalirony.com/2009/02/22/bush-appointees-having-trouble-finding- jobs/
Since January 3, 2011, Republicans have controlled the power of the purse.
Neither of which had anything to do with the recession. And I certainly don't recall any Dim Party opposition to Bush on either. Do you just throw whatever non-relevant crap out that comes to mind when you discuss these things?
LMAO!!!!!!! A graph from DailyKos...? Oh, now THAT'S bringing out the big guns.... ME: Thanks for admitting that you ARE trying to spin this (AZ shooting, and terrorism) onto Palin, and conservatives in general. "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." -- go65, LF's answer to Ben Bernanke --
ew GOP-majority House released a report
#2. To: go65 (#1)
#3. To: no gnu taxes (#0)
The report also claimed that the stimulus would create 3.7 million jobs by now, for a total of 137.6 million jobs in the American economy. Currently, there are 130.7 million jobs. Since passage of the stimulus, 47 of the 50 states have lost jobs; overall, the private sector has seen 1.8 million jobs disappear.
#4. To: no gnu taxes (#2)
When Obama took Office, unemployment was under 8%. Now it's over 9%.
#5. To: go65 (#4)
Give it time, the mess that he was left with is going to take a great deal of time to clean up
#6. To: go65 (#4)
#7. To: no gnu taxes (#6)
#8. To: no gnu taxes (#6)
Compare the jobs created under Bush with a GOP Congress to those created by Obama with a Democratic Congress.
#9. To: no gnu taxes (#5)
(Edited)
Yeah, it is going to take the gOP Congress a long time to clean up the mess left by the Democrats.
#10. To: no gnu taxes (#6)
#11. To: no gnu taxes (#6)
(Edited)
Bush spending up to 5 times more than Clinton
http://www.wnd.com/?pageId=37294
Viguerie compares spending by the federal government, adjusted for inflation, during the Clinton years vs. the Bush years. In Clinton's first term, federal expenditures rose 4.7 percent. In his second term, they rose 3.7 percent. In the first term of the Bush administration, however, spending rose 19.2 percent.
#12. To: go65 (#9)
Which party was in control when Medicare Part D was signed into law and NCLB was enacted?
#13. To: go65 (#1)
How dumb does one have to be to argue for a return to the red?
Brian S(ocialist): I have never hidden that fact...
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