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#41
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#42
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. During a March hearing of the Senate Finance Committee, Chairman Max Baucus challenged Treasury Secretary Timothy Geithner on the formula. "You created a situation where you cannot be wrong," said the Montana Democrat. "If the economy loses two million jobs over the next few years, you can say yes, but it would've lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs. You've given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct." I suppose you will say that Baucus is partisan and wrong on the subject too? |
#43
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__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts |
#44
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we all make mistakes. it's okay to admit them. then the conversation moves on. or you could throw up another non-sequitur quote. |
#45
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#46
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I didnt write the articles linked, just posted them. I suppose you will remain in denial regardless of any other studies, facts or opinions presented. Has obama ever done anything that you didn't fawn over? |
#47
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#48
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At the beginning of May there were 132,400,000 people employed in the US How is this good? And how exactly do they measure the amount of "discouraged" workers? |
#49
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As crazy as it sounds the national unemployment rate is 100% based on the monthly Current Population Survey where people answer questions and are designated as employed, unemployed, or not in the labor force. Further questions distinguish between your reason for not being in the labor force which includes the discouraged worker category. |
#50
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http://www.foxnews.com/politics/2009...lus-criticism/ |
#51
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![]() http://blog.taragana.com/n/white-hou...on-jobs-59484/
The assessment was the same as what Obama’s economists forecast in January, when they predicted that the economic stimulus would prevent unemployment from rising above 8 percent. But unemployment reached 8.9 percent in April and the chairwoman of the Council of Economic Advisers, Christina Romer, said over the weekend that current predictions that unemployment would reach 9.5 percent were “pretty realistic. |
#52
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![]() The assessment was the same as what Obama's economists forecast in January, when they predicted that the economic stimulus would prevent unemployment from rising above 8 percent. But unemployment reached 8.9 percent in April and the chairwoman of the Council of Economic Advisers, Christina Romer, said over the weekend that current predictions that unemployment would reach 9.5 percent were "pretty realistic.
"http://www.breitbart.com/article.php?id=D9849NH00&show_article=1 The quote is from an AP article |
#53
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#55
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http://otrans.3cdn.net/45593e8ecbd339d074_l3m6bt1te.pdf This is Obama's team's assessment of th stimulus packages effect on unemployment. On page 5 reference the graph. Better than quotes, actual visual evidence. Last edited by Cannon Shell : 06-11-2009 at 01:24 AM. |
#56
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It seems this forum is almost a microcosm of the way the press handles obama. Half of the people on here love him and he can do no wrong. The other half, yourself included, would rather spend your time smearing his minister then actually talking about the issues. For the record, one wasnt even an article. It was a blog. ![]() |
#57
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#58
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Geez......get a room why don't ya! |
#59
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![]() http://news.yahoo.com/s/ap/20090608/...obama_stimulus
For the first time, the administration admitted the economic forecasts it used to sell the stimulus were overly optimistic. "At the time, our forecast seemed reasonable," Vice President Joe Biden's top economic adviser, Jared Bernstein, said Monday, explaining that the White House underestimated the scope of the recession. "Now, looking back, it was clearly too optimistic." and i remember reading before the plan was voted on that many economists said it was too optimistic. then there's this: Obama’s promise to create so many jobs — a vow Vice-President Joe Biden made last month — quickly drew criticism from oponents and economists who have argued his stimulus plan thus far has not delivered. “I think these estimates are overly optimistic,” said Arpitha Bykere, a senior analyst with RGE Monitor. Bykere said it likely will be later this year before any meaningful job creation occurs from stimulus spending. The administration had always viewed the summer as a peak for stimulus spending, as better weather permitted more public works construction and federal agencies had processed requests from states and others. The government reported last week that the number of unemployed continues to rise; the unemployment rate now sits at 9.4 percent, the highest in more than 25 years. Hundreds of thousands of Americans continue to lose jobs each month, although fewer jobs were lost last month than expected. Just how much of an impact Obama’s recovery program had on the pace of job losses is up for debate. Obama has claimed as many as 150,000 jobs saved or created by his stimulus plan so far, even as government reports have shown the economy has lost more than 1.6 million jobs since Congress approved funding for the program in February. Critical Republicans remain critical of the stimulus spending, slamming it as a big government program that ultimately will do little for recovery. With only a fraction of the federal money actually spent thus far, it’s premature to give the stimulus plan credit for economic trends, congressional Republicans said last week. “I think the economy is just as likely to begin to recover on its own, wholly aside from this, before much of this has an impact. So I’m very skeptical that this massive sort of spending binge that we’ve engaged in is going to have much of an impact,” said Senate Minority Leader Mitch McConnell, a Republican. Obama initially offered his stimulus plan as a way to put people back to work, a promise that 3.5 million jobs would be saved or created. The administration’s predictions that unemployment would rise no higher than 8 percent already have been shattered, leaving Obama’s advisers to caution that job growth takes time, even as recovery spending intensifies. |
#60
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![]() http://www.whitehouse.gov/president-...eekly-address/
We begin this year and this Administration in the midst of an unprecedented crisis that calls for unprecedented action. Just this week, we saw more people file for unemployment than at any time in the last twenty-six years, and experts agree that if nothing is done, the unemployment rate could reach double digits. I know that some are skeptical about the size and scale of this recovery plan. I understand that skepticism, which is why this recovery plan must and will include unprecedented measures that will allow the American people to hold my Administration accountable for these results. |
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