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Thread: Donít Tell Anyone, but the Stimulus Worked

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    Default Donít Tell Anyone, but the Stimulus Worked

    I have thought and said all along that I felt things would have been much worse if Obama had not taken the steps he took to protect the economy. Did he do everything I had hoped he would do? No, but I do believe he saved millions of jobs.
    On the most basic level, the American Recovery and Reinvestment Act is responsible for saving and creating 2.5 million jobs. The majority of economists agree that it helped the economy grow by as much as 3.8 percent, and kept the unemployment rate from reaching 12 percent.
    But the stimulus did far more than stimulate: it protected the most vulnerable from the recessionís heavy winds. Of the actís $840 billion final cost, $1.5 billion went to rent subsidies and emergency housing that kept 1.2 million people under roofs. (Thatís why the recession didnít produce rampant homelessness.) It increased spending on food stamps, unemployment benefits and Medicaid, keeping at least seven million Americans from falling below the poverty line.
    http://www.nytimes.com/2012/09/16/op...oc.semityn.www

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    Default Re: Donít Tell Anyone, but the Stimulus Worked

    On the most basic level, the American Recovery and Reinvestment Act is responsible for saving and creating 2.5 million jobs.

    Mostly teachers and public workers stayed on the job awhile longer with a few construction jobs. Nothing permanent from the private sector. But it did buy votes

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    Default

    Quote Originally Posted by bean View Post
    Mostly teachers and public workers stayed on the job awhile longer with a few construction jobs. Nothing permanent from the private sector. But it did buy votes
    Prove that with facts. Or just make some up like you usually do

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    Default Re: Donít Tell Anyone, but the Stimulus Worked

    Quote Originally Posted by piasared View Post
    Prove that with facts. Or just make some up like you usually do
    The last thing we need is another stimulus package - Bellmore - LIHerald.com - Nassau County's source for local news, breaking news, sports, entertainment & shopping
    As if one stimulus package wasnít enough, President Obama has proposed giving hundreds of billions of dollars in additional federal funding to struggling state and municipal governments to hire more teachers, firefighters and policemen.

    The Congressional Budget Office estimated that the American Recovery and Reinvestment Act ďincreased the number of people employed by between 1.4 million and 3.3 million.Ē Sounds good, right? Except it cost taxpayers $800 billion.

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    Default Re: Donít Tell Anyone, but the Stimulus Worked

    Quote Originally Posted by bean View Post
    Mostly teachers and public workers stayed on the job awhile longer with a few construction jobs. Nothing permanent from the private sector. But it did buy votes
    Hey there Mr. Short on memory. I provided you with about a half dozen articles from our local papers showing how our stimulus money was used to provide thousands of public and private sector jobs in this area. The contactors weren't complaining either. Lots of projects to bid on.

    Pssssst. beanie....Have you ever worked construction?....The jobs don't last forever. You see, from time to time they complete the project and move on to another one.

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    Default Re: Donít Tell Anyone, but the Stimulus Worked

    This is what it was and is doing for my state.

    New Mexico Office of Recovery and Reinvestment

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    Default Re: Donít Tell Anyone, but the Stimulus Worked

    Quote Originally Posted by 222lifer View Post
    Hey there Mr. Short on memory. I provided you with about a half dozen articles from our local papers showing how our stimulus money was used to provide thousands of public and private sector jobs in this area. The contactors weren't complaining either. Lots of projects to bid on.

    Pssssst. beanie....Have you ever worked construction?....The jobs don't last forever. You see, from time to time they complete the project and move on to another one.
    When you are surrouded by orange barrels every day, it just seems like forever!




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    Default Re: Donít Tell Anyone, but the Stimulus Worked

    Quote Originally Posted by 222lifer View Post
    Hey there Mr. Short on memory. I provided you with about a half dozen articles from our local papers showing how our stimulus money was used to provide thousands of public and private sector jobs in this area. The contactors weren't complaining either. Lots of projects to bid on.

    Pssssst. beanie....Have you ever worked construction?....The jobs don't last forever. You see, from time to time they complete the project and move on to another one.
    I would agree on the public works job, infrastructure work, school building, extended unemployment/food stamps and education spending (keeping teachers on the job) FDR style for the people in need because of government policies. Now what private sector jobs can you name..jobs the taxpayers aren't paying for.

    ďThe liberals are asking us to give Obama more time. And I think 25-to-life would be a good start.Ē -- Ohio Speaker, William G. Batchelder

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    Default Re: Donít Tell Anyone, but the Stimulus Worked

    Quote Originally Posted by bean View Post
    I would agree on the public works job, infrastructure work, school building, extended unemployment/food stamps and education spending (keeping teachers on the job) FDR style for the people in need because of government policies. Now what private sector jobs can you name..jobs the taxpayers aren't paying for.

    “The liberals are asking us to give Obama more time. And I think 25-to-life would be a good start.” -- Ohio Speaker, William G. Batchelder
    We have all kinds of construction work in this state right now. There are some private sector jobs for you. Lots of work to bid on.

    http://www.udot.utah.gov/main/uconow...02722139226919

    http://www.ksl.com/?sid=12424129
    Last edited by 222lifer; 09-20-2012 at 12:58 AM. Reason: added

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    Default Re: Donít Tell Anyone, but the Stimulus Worked

    Quote Originally Posted by bean View Post
    I would agree on the public works job, infrastructure work, school building, extended unemployment/food stamps and education spending (keeping teachers on the job) FDR style for the people in need because of government policies. Now what private sector jobs can you name..jobs the taxpayers aren't paying for.
    I want to comment on the statement about private sector jobs.
    I think in real terms, with the facts laid out, I can show that private sector job growth is up.
    It's the public sector that has sustained high job loses.
    If those public sector jobs had not been lost we would be showing a much lower unemployment rate.
    With the thought that public sector jobs leaving, it's the teachers, police and firefighters who have lost jobs.
    Do we really think we don't need teachers ? Who should teach our children ? That is the future of our country.
    Is the crime rate down ? Are the streets safe to walk in many communities ?

    Look at these facts:

    Further, the most glaring weakness in the current recovery relative to previous ones is the unprecedented public-sector job loss seen over the last three years. The figure below shows that private sector job growth in the current recovery is close to that of the recovery following the early 1990s recession and is substantially stronger than the recovery following the early 2000s recession.

    the public sector has seen massive job loss in the current recovery—largely due to budget cuts at the state and local level — which represents a serious drag that was not weighing on earlier recoveries.
    public-sector job cuts also cause job loss in the private sector, for a couple of reasons. First, public-sector workers need to use inputs into their work that are sourced by the private sector. Firefighters need trucks and hoses, police officers need cars and radios, and teachers need books and desks. When public-sector jobs are lost, it stands to reason that the inputs into these jobs will fall as well, and indeed research shows that for every public-sector job lost, roughly 0.43 supplier jobs are lost.
    The public sector continues to shed jobs, causing job loss throughout the economy and creating an enormous drag on the recovery. To reduce these job losses and the suffering for American families they cause, Congress should provide aid to state and local governments to keep austerity in that sector from continuing to weigh down the recovery.
    Three years into recovery, just how much has state and local austerity hurt job growth? | Economic Policy Institute

 

 
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