[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Trump Is Planning to Send Kill Teams to Mexico to Take Out Cartel Leaders

The Great Falling Away in the Church is Here | Tim Dilena

How Ridiculous? Blade-Less Swiss Army Knife Debuts As Weapon Laws Tighten

Jewish students beaten with sticks at University of Amsterdam

Terrorists shut down Park Avenue.

Police begin arresting democrats outside Met Gala.

The minute the total solar eclipse appeared over US

Three Types Of People To Mark And Avoid In The Church Today

Are The 4 Horsemen Of The Apocalypse About To Appear?

France sends combat troops to Ukraine battlefront

Facts you may not have heard about Muslims in England.

George Washington University raises the Hamas flag. American Flag has been removed.

Alabama students chant Take A Shower to the Hamas terrorists on campus.

In Day of the Lord, 24 Church Elders with Crowns Join Jesus in His Throne

In Day of the Lord, 24 Church Elders with Crowns Join Jesus in His Throne

Deadly Saltwater and Deadly Fresh Water to Increase

Deadly Cancers to soon Become Thing of the Past?

Plague of deadly New Diseases Continues

[FULL VIDEO] Police release bodycam footage of Monroe County District Attorney Sandra Doorley traffi

Police clash with pro-Palestine protesters on Ohio State University campus

Joe Rogan Experience #2138 - Tucker Carlson

Police Dispersing Student Protesters at USC - Breaking News Coverage (College Protests)

What Passover Means For The New Testament Believer

Are We Closer Than Ever To The Next Pandemic?

War in Ukraine Turns on Russia

what happened during total solar eclipse

Israel Attacks Iran, Report Says - LIVE Breaking News Coverage

Earth is Scorched with Heat

Antiwar Activists Chant ‘Death to America’ at Event Featuring Chicago Alderman

Vibe Shift

A stream that makes the pleasant Rain sound.

Older Men - Keep One Foot In The Dark Ages

When You Really Want to Meet the Diversity Requirements

CERN to test world's most powerful particle accelerator during April's solar eclipse

Utopian Visionaries Who Won’t Leave People Alone

No - no - no Ain'T going To get away with iT

Pete Buttplug's Butt Plugger Trying to Turn Kids into Faggots

Mark Levin: I'm sick and tired of these attacks

Questioning the Big Bang

James Webb Data Contradicts the Big Bang

Pssst! Don't tell the creationists, but scientists don't have a clue how life began

A fine romance: how humans and chimps just couldn't let go

Early humans had sex with chimps

O’Keefe dons bulletproof vest to extract undercover journalist from NGO camp.

Biblical Contradictions (Alleged)

Catholic Church Praising Lucifer

Raising the Knife

One Of The HARDEST Videos I Had To Make..

Houthi rebels' attack severely damages a Belize-flagged ship in key strait leading to the Red Sea (British Ship)

Chinese Illegal Alien. I'm here for the moneuy


Status: Not Logged In; Sign In

Economy
See other Economy Articles

Title: Geithner: Unemployment to stay high
Source: [None]
URL Source: http://www.kennethdurden.com/2010/0 ... unemployment-to-stay-high.html
Published: Apr 1, 2010
Author: Kenneth Durden
Post Date: 2010-04-01 09:23:39 by no gnu taxes
Keywords: None
Views: 836
Comments: 4

Treasury Secretary Tim Geithner annonced that the nation's 9.7% unemployment is something we might look forward to seeing for a while. That's unfortunate. After about a trillion in "stimulus" and jobs bills, one would think things would improve more rapidly. Hmm...maybe there's something to what others have been saying about the fact that pumping money into the state is not the best way to create jobs.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: no gnu taxes, war, badeye (#0)

They lied through their teeth to sell the stimulus to the American public.

They declared that it would keep unemployment around 7%.

Notice that once again, being a liberal means you don't have to accept the consquences of your actions.

No one will call them on it.

Goldi-Lox: You're one dumb-fucking bitch.

Nebuchadnezzar  posted on  2010-04-01   13:48:54 ET  Reply   Trace   Private Reply  


#2. To: Nebuchadnezzar (#1)

Actually they claimed unemployment wouldn't go above eight (8) percent.

But outside of that, you are 100% correct. They fed us bullshit, and now they are demanding we like the shit sandwich, or you are a hater, a bigot and a racist.

That isn't working for them, as the polls show.

my anti groupie can't get through life without me.

Badeye  posted on  2010-04-01   14:00:19 ET  Reply   Trace   Private Reply  


#3. To: Nebuchadnezzar (#1)

They declared that it would keep unemployment around 7%.

No they didn't. They didn't even "declare" 8%, which is the number cited in the white paper, which was simply a couple of economists, using past models, determining that unemployment COULD stabilize around the 8% level. They made NO GUARANTEES.

#67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace

war  posted on  2010-04-01   17:40:45 ET  Reply   Trace   Private Reply  


#4. To: Nebuchadnezzar (#1) (Edited)

Second, as emphasized above, there is considerable uncertainty in our estimates: both the impact of the package on GDP and the relationship between higher GDP and job creation are hard to estimate precisely. In light of the substantial quarter-to-quarter variation in the estimates of job creation, we believe a reasonable range for 2010Q4 is 3.3 to 4.1 million jobs created.

B. Jobs Effects of the Components of the Recovery Package

To estimate the jobs effect of each potential component of the package, we use an analysis similar to what we use to estimate the overall jobs effect. We take an estimate of the amount of spending related to a component and apply the relevant multiplier to estimate the likely overall effect on GDP. The total effect on jobs is then estimated using the 1% of GDP equals 1 million jobs rule of thumb.

We further consider the direct and indirect effects of the program. The direct effects are those coming from the hiring directly caused by the program. Here we include not just workers hired by the federal government under the program, which we expect to be a relatively small number, but workers hired under projects financed by the program and workers hired to produce the goods demanded as the result of tax credits and subsidies targeted to specific activities (such as smart electrical meters and software systems for health IT). The indirect effects are those coming from the fact that the newly employed workers spend more and this stimulates other industries. For core spending programs, we assume the direct output effects move one-for-one with the spending increase. Broad tax cuts have jobs effects, but they stem only from indirect effects: tax cuts only have effects when people go out and spend the money. One dollar of state fiscal relief is assumed to result in $0.60 in higher government purchases (largely averting spending reductions that were assumed in the baseline) and $0.30 in lower government taxes (largely due to preventing state and local tax increases that were assumed in the baseline). The results are shown in Table 2.

#67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace

war  posted on  2010-04-01   18:03:29 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com