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Title: Jobs plan may create 1 million jobs - economists
Source:
CNN Money
URL Source: http://money.cnn.com/2011/09/09/new ... ama_jobs_plan_impact/index.htm
Published: Sep 9, 2011
Author: CNN Money
Post Date: 2011-09-09 20:56:59 by go65
Keywords: None
Views: 11702
Comments: 30
NEW YORK (CNNMoney) -- Economists gave generally positive reviews to President Obama's jobs plan Friday, with some estimating that at least 1 million jobs could be added in the next year if Congress passes the package. The payroll tax holiday for workers and small businesses was cited specifically for having a relatively good "bang for the buck." And that part of the plan may have the most bipartisan support. "This additional spending capacity in the hands of consumers should continue to foster improvements in aggregate domestic demand. And ultimately, it is demand and demand alone that will lead to more business hiring," said Russell Price, senior economist for Ameriprise Financial Services. Price estimates the increased payroll tax holiday for workers by itself is likely to add between 750,000 to 1 million jobs, and that the new break on payroll taxes for employers could add an additional 100,000 to 200,000 jobs. He added that gross domestic product, the broadest measure of the nation's economic activity, could get a 1.5 percentage point boost as well. Macroeconomic Advisors, a St. Louis research firm, estimates that payrolls would grow by 1.3 million by the end of 2012 and another 800,000 by the end of 2013, if the package passed as proposed. It is looking for a 1.3% rise in GDP. Joel Prakken, chairman of Macroeconomic Advisors, said even if the impact to the economy is short lived, the jobs plan should be passed. "Given the elevated risk of recession the U.S. faces today, additional near-term stimulus reduces that risk," said Prakken. "Given the deleterious effects of long-term unemployment on an individual's skills and long-term employment prospects, speeding a return to employment is both individually and socially beneficial." Mark Zandi, chief economist for Moody's Analytics, is even more bullish, forecasting a 1.9 million job boost and a 2% lift for GDP if the package is passed as proposed.
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#1. To: go65 (#0)
What plan? Where is it? What economists? Who wrote this article?
click on the blue text next to URL:
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I'm looking for the text to Obamas bill. Where is this money? Do you have it? Is it in the Shed behind the White House? Where is it? Do my kids kids have to pay it back plus interest?
Even you kids Grandchildren will be on the hook for part of this nonsense!!!!
When asked by a Liberal what I bought my Granddaughter for her 1st birthday I replied, "MORE AMMUNITION"!!!! -----------------------------"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf."
For $450 BBBillion, that costs only $450,000 to create each job.
Leave the boy alone, you'll confuse him with numbers. That's why Liberal Arts degrees have little or no math requirements. Leftists are so mathematically "challenged" they need to take their shoes off if they need to count to 20. Don't ask one to count to 21 or he'll have to drop his pants. Except maybe a hot lib chicky, ask her to count to 22 and you get to see her teats.
Not one net new job since the 2000 Selection/9/11 Coup. Source: Me....8D “I still do not understand how a failure to pay (heavily indebted countries) can be avoided,” said Juhan Parts in German daily Financial Times Deutschland. “In a market economy, this should be an option. It is illogical to want to avoid this issue,” he added.
MISH: First, the obvious: Greece’s historically record bond yields have forced the markets to recognize and read the proverbial financial writing on the wall. Friday’s trading patterns seemingly prove (beyond a doubt?) now that, political and economic optimism aside, there’s little question Greece, for the first time in modern global-economic history (given the size and influence of Greece’s economy), is set to default. What Wall Street’s missed up to this point, however, is the consistent stream of POLICY indicators that has been, since last year, signaling that there is no “saving grace” or economic “magic bullet” for Greece. The most recent and telling one: Bloomberg reports that “Germany Is Said to Prepare Plan to Assist Banks If Greece Defaults on Debt.” That’s right: the country most expected to save Greece (never mind, of course, Germany’s 83% debt-to-GDP ratio) is itself preparing itself for Greece’s impending drop into the economic abyss. Read more: http://www.businessinsider.com/another-sign-greece-will-default-soon-2011-9#ixzz1XYOiIRjZ And then the Sheeple are told that it's a Particular Race's Fault (Cue Happy Quanza's posts;} And then they're told they'll be back by Xmas. And then they walk into Hell...the end....;}
minus what is paid back as a result of increased economic activity.
Tagline for sale - inquire within
since when do Conservatives believe that there's a "cost" associated with tax cuts (more than $200 billion of Obama's plan are tax cuts).
Tagline for sale - inquire within
So it's only 250,000 dollars per job?
Obama has played at being a president while enjoying the perks … golf, insanely expensive vacations at tax-payer expense. He has ignored the responsibilities of the job; no plans, no budgets, no alternatives … just finger pointing; making him a complete failure as a president
How much does a private business invest before it hires more people and I'm not talking Joe The Plumber picking up 2 illegals [sic] as day laborers? Or do they just hire them for free? BTW, IMHO, you CANNOT have a "jobs" program unless the issue of hiring the undocumented as well. As we have seen, the companies screaming the most about being "burdened" are the ones so hiring...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
It could be nothing. But you're talking apples and oranges. Capital expenditures and labor expenditures are not necessarily that correlated.
Obama has played at being a president while enjoying the perks … golf, insanely expensive vacations at tax-payer expense. He has ignored the responsibilities of the job; no plans, no budgets, no alternatives … just finger pointing; making him a complete failure as a president
So what if she's missing a toe????
When asked by a Liberal what I bought my Granddaughter for her 1st birthday I replied, "MORE AMMUNITION"!!!! -----------------------------"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf."
yet here you are making that correlation.... Dumb Dumb gave a trillion odd to the wealthy in 2001 and 2003...how many of the promised jobs did that create by the time he had left office?
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
President Bush gave tax cuts to everybody, and the share of the tax burden to the wealthy actually went up. Why do you continue to play these leftard games?
Obama has played at being a president while enjoying the perks … golf, insanely expensive vacations at tax-payer expense. He has ignored the responsibilities of the job; no plans, no budgets, no alternatives … just finger pointing; making him a complete failure as a president
Bullshit. And I've seen your phoney links and stats so don't bother... But you didn't answer the question. How many jobs were created?
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Many until the Dim caused housing crisis destroyed the economy in 2008.
Obama has played at being a president while enjoying the perks … golf, insanely expensive vacations at tax-payer expense. He has ignored the responsibilities of the job; no plans, no budgets, no alternatives … just finger pointing; making him a complete failure as a president
ROFLMAo...riiight...the "dims" controlled HUD in 2003... BTW, Padlock, you want me to post how you were promoting Dumb Dumb's economy in 2006 and 2007 when I was warning you it was about to turn to shit...?
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
This is getting like deja vu. Want me to give you again the mountains of evidence the Dims CRA and prostituting the GREs caused the problem?
Obama has played at being a president while enjoying the perks … golf, insanely expensive vacations at tax-payer expense. He has ignored the responsibilities of the job; no plans, no budgets, no alternatives … just finger pointing; making him a complete failure as a president
You mean the ones I debunked time and time again? ONCE AGAIN, moron, CRA loans a) PERFORMED and b) did not comprise a big enough total to cause the problem. On that last point you were challenged EVERY time and you FAILED every time to quantify the dollar value of CRA loans in default. It was also pointed out to you NUMEROUS times that CRA loans are loans made in a specific neighborhood rather than to specific borrowers. As for the GSE's, they could only buy what HUD authorized them to buy. Prior to 2003, the type of sub-prime loan that was eligible for purchase were fully documented fixed rate loans. AFTER, 2003, HUD authorized them to buy paper as risky as floating rate "liar" loans.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
No. The CRA loans were the match that started the fire, moron. There was never any of the problems before them. Even institutions that weren't under CRA always had these lending standards "sword of damocles" over their heads. And then there was the extensive secondary markets for CRA loans. Get it through your head that these problems never would have occurred without the CRA and the Democratic Party corruption in the management of the GSEs.
Obama has played at being a president while enjoying the perks … golf, insanely expensive vacations at tax-payer expense. He has ignored the responsibilities of the job; no plans, no budgets, no alternatives … just finger pointing; making him a complete failure as a president
Paid back to whom? The workers are not getting $450,000 each. Who is getting the money? Shareholders?
Obviously you have an emotional stake in making the CRA responsible for the mortgage melt-down and economic crisis - it just ain't so. A study, by a legal firm which counsels financial services entities on Community Reinvestment Act compliance, found that CRA-covered institutions were less likely to make subprime loans (only 20-25% of all subprime loans), and when they did the interest rates were lower. The banks were half as likely to resell the loans to other parties.[24] Federal Reserve Governor Randall Kroszner says the CRA isn’t to blame for the subprime mess, "First, only a small portion of subprime mortgage originations are related to the CRA. Second, CRA-related loans appear to perform comparably to other types of subprime loans. Taken together… we believe that the available evidence runs counter to the contention that the CRA contributed in any substantive way to the current mortgage crisis," Kroszner said: "Only 6% of all the higher-priced loans were extended by CRA-covered lenders to lower-income borrowers or neighborhoods in their CRA assessment areas, the local geographies that are the primary focus for CRA evaluation purposes."[25] FDIC Chairman Sheila Bair disputes that the CRA was a problem "Let me ask you: where in the CRA does it say: make loans to people who can't afford to repay? No-where! And the fact is, the lending practices that are causing problems today were driven by a desire for market share and revenue growth ... pure and simple."[26] "...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
You are making the same argument war was making, and it is a one dimensional argument. FDIC Chairman Sheila Bair disputes that the CRA was a problem "Let me ask you: where in the CRA does it say: make loans to people who can't afford to repay? No-where! Please. You don't know how these things work? What does can't afford to repay really mean? I have posted to war many times about how Countrywide (not CRA) was advertising to CRA institutions to let us help you meet your CRA obligations. What do you think that means? I've seen every side of this argument. Don't think you can Google me anything new.
Obama has played at being a president while enjoying the perks … golf, insanely expensive vacations at tax-payer expense. He has ignored the responsibilities of the job; no plans, no budgets, no alternatives … just finger pointing; making him a complete failure as a president
You've provided no evidence that CRA loans were even anywhere NEAR the fire let alone were "the match that started" it. Again, this would be where you provide some numbers. Again, I'll wait.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
I'll wait for some evidence that anything like what happened had shown any propensity for happening before the first black President's aggressive enforcement of the CRA in the mid 90's. Yeah, NINJ loans were just standard practice in the 80s, right?
Obama has played at being a president while enjoying the perks … golf, insanely expensive vacations at tax-payer expense. He has ignored the responsibilities of the job; no plans, no budgets, no alternatives … just finger pointing; making him a complete failure as a president
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Come on wally, Policy often transcends numbers, because you don't what the numbers would be otherwise unless you just make them up (which people in your business and Party routinely do). And the CRA institutions did not operate in a vacuum as you would suggest. So explain, why did these problems not exist before sinkboy's blunder in the mid 90's?
Obama has played at being a president while enjoying the perks … golf, insanely expensive vacations at tax-payer expense. He has ignored the responsibilities of the job; no plans, no budgets, no alternatives … just finger pointing; making him a complete failure as a president
Again, this would be where you provide some numbers. Again, I'll wait. America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Economists gave generally positive reviews to President Obama's jobs plan Friday
#2. To: A K A Stone (#1)
What plan? Where is it? What economists? Who wrote this article?
#3. To: go65 (#2)
#4. To: A K A Stone (#3)
I'm looking for the text to Obamas bill. Where is this money? Do you have it? Is it in the Shed behind the White House? Where is it? Do my kids kids have to pay it back plus interest?
#5. To: go65 (#0)
Jobs plan may create 1 million jobs - economists
#6. To: nolu chan, go65 (#5)
For $450 BBBillion, that costs only $450,000 to create each job.
#7. To: Happy Quanzaa (#6)
#8. To: All (#7)
#9. To: nolu chan (#5)
For $450 BBBillion, that costs only $450,000 to create each job.
#10. To: Happy Quanzaa, nolu chan (#6)
Leave the boy alone, you'll confuse him with numbers. That's why Liberal Arts degrees have little or no math requirements. Leftists are so mathematically "challenged" they need to take their shoes off if they need to count to 20. Don't ask one to count to 21 or he'll have to drop his pants.
#11. To: go65 (#10)
#12. To: no gnu taxes (#11)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#13. To: war (#12)
How much does a private business invest before it hires more people
#14. To: Happy Quanzaa (#6)
Except maybe a hot lib chicky, ask her to count to 22 and you get to see her teats.
#15. To: no gnu taxes (#13)
Capital expenditures and labor expenditures are not necessarily that correlated.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#16. To: war (#15)
#17. To: no gnu taxes (#16)
(Edited)
....and the share of the tax burden to the wealthy actually went up
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#18. To: war (#17)
How many jobs were created?
#19. To: no gnu taxes (#18)
Many until the Dim caused housing crisis destroyed the economy in 2008.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#20. To: war (#19)
#21. To: no gnu taxes (#20)
(Edited)
Want me to give you again the mountains of evidence the Dims CRA and prostituting the GREs caused the problem?
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#22. To: war (#21)
ONCE AGAIN, moron, CRA loans a) PERFORMED and did not comprise a big enough total to cause the problem
#23. To: go65 (#9)
minus what is paid back as a result of increased economic activity.
#24. To: no gnu taxes (#22)
No. The CRA loans were the match that started the fire, moron.
#25. To: lucysmom (#24)
#26. To: no gnu taxes (#22)
No. The CRA loans were the match that started the fire, moron.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#27. To: war (#26)
#28. To: no gnu taxes (#27)
Again, this would be where you provide some numbers. Again, I'll wait.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#29. To: war (#28)
#30. To: no gnu taxes (#29)
You've provided no evidence that CRA loans were even anywhere NEAR the fire let alone were "the match that started" it.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
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