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New Evidence That The Obama Stimulus Was a Bust
powerline ^
| 8/22/10
| paul
Posted on 08/22/2010 10:39:04 AM PDT by Nachum
The debate in the popular press and on blogs about the efficacy of the 2009 stimulus bill generally has been superficial on both sides. Those who tout the bill point to a study by liberal economists Alan Blinder and Mark Zandi purporting to show that the fiscal stimulus enacted under Presidents Bush and Obama lowered the unemployment rate by approximately 1.5 percentage points. However, as Lawrence Lindsey points out in the Weekly Standard, this study assumed that the recent stimulus has been roughly as effective, dollar for dollar, as past programs. It then multiplied past measures of job creation by the number of dollars spent this time around.
(Excerpt) Read more at powerlineblog.com ...
TOPICS: Editorial; Front Page News; News/Current Events
KEYWORDS: bust; evidence; stimulus
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To: Nachum
Hold on everybody, half of the stimulus hasn’t been spent yet — it’s the other half will create jobs and restore the economy. /s
21
posted on
08/22/2010 12:22:16 PM PDT
by
PMAS
To: Nachum
The money went to bankers, Unions and public schools. That’s why the stimulus did not work because it was not intended to stimulate. But even that hasn’t helped Obama and the Democrats because the common street liberal got the shaft.
To: Nachum; TigerLikesRooster
23
posted on
08/22/2010 12:25:23 PM PDT
by
Arthur Wildfire! March
(Want stimulus? Look to Harding, JFK, and Reagan. Tax cuts w. fiscal restraint -- works every time.)
To: PMAS
The unspent rest of the stimulous will be used as handouts to thier voter base.
24
posted on
08/22/2010 12:25:55 PM PDT
by
ronnie raygun
(We are our founding fathers keepers)
To: PMAS
The unspent rest of the stimulous will be used as handouts to thier voter base.
25
posted on
08/22/2010 12:26:01 PM PDT
by
ronnie raygun
(We are our founding fathers keepers)
To: ronnie raygun
Pretty much the same as the first half
26
posted on
08/22/2010 12:28:57 PM PDT
by
PMAS
Barack Obama where are the jobs? Department of Labor announced that initial jobless claims hit 500,000 last week, the highest level in 2010 and highest since last November. In the week ending Aug. 14, the advance figure for seasonally adjusted initial claims was 500,000, an increase of 12,000 from the previous weeks revised figure of 488,000. The 4-week moving average was 482,500, an increase of 8,000 from the previous weeks revised average of 474,500. The Policies of Barack Obama continues to destroy jobs.
To: Nachum
So, a raid on the Treasury for a political payoff for unions and governmnt employees didn’t “stimulate” the economy. Shocking.
28
posted on
08/22/2010 1:35:00 PM PDT
by
Mad_Tom_Rackham
(It is the duty of the patriot to protect his country from its government -- Thomas Paine)
To: csmusaret
They have no home mortgage deduction, no Freddie and Fannie , and are net energy exporters...and I think they have a balanced budget. Now if The Bamster had made some moves in these arena's where would we be.
And oh yes, they are getting sick of their socialized medicine and are taking baby steps to get it back to free market principles.
29
posted on
08/22/2010 1:39:03 PM PDT
by
taildragger
((Palin / Mulally 2012 ))
To: Nachum
Debt is deflationary. If you want to kill an economy, then borrow more money.
30
posted on
08/22/2010 1:40:00 PM PDT
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Nachum
31
posted on
08/22/2010 2:09:18 PM PDT
by
blam
To: Nachum
But now we owe principal and interest for it all. If we hadn’t borrowed the money, I suspect the whole world would be better off. Typical FDR thinking on the part of the Democrats.
32
posted on
08/22/2010 3:42:26 PM PDT
by
skr
(May God confound the enemy)
To: Nachum
and America takes another one in the........
rlmorel
33
posted on
08/22/2010 5:28:55 PM PDT
by
Chode
(American Hedonist *DTOM* -ww- NO Pity for the LAZY)
To: Nachum
As if any more proof is needed.
34
posted on
08/22/2010 6:05:58 PM PDT
by
rdl6989
(January 20, 2013- The end of an error.)
To: Nachum
Did people ever get the $250.00 they were supposed to get since Obama didn’t raise Social Security?
Just curious.
35
posted on
08/22/2010 6:10:52 PM PDT
by
Salvation
("With God all things are possible." Matthew 19:26)
To: Salvation
I believe that the $250 bribe from the administration to seniors will be happening soon. It doesn’t go into effect yet.
N
36
posted on
08/22/2010 6:43:09 PM PDT
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; ...
Thanks Nachum. Shouldn’t that be “Evidence that Wrongly or Incorrectly Shows that President Obama’s Stimulus Package Was a Miserable Failure”?
37
posted on
08/22/2010 6:47:38 PM PDT
by
SunkenCiv
("The bad jazz a cat blows wails long after he's cut out." -- Lord Buckley)
To: SunkenCiv
38
posted on
08/22/2010 7:18:15 PM PDT
by
Lazamataz
("We beat the Soviet Union, then we became them." Lazamataz, 2005)
To: Mad_Tom_Rackham
the unions and fed employees didnt get much, the "stimulus" funded a run on the banks by foriegn investors cashing in. The construction trade union i am in is pissed and hates Obama because no money went to stimulate infrastructure, 90% of the local's members are still out of work (about 10,000).
even the unions hate obama but like us with the republican party, it's all we got
39
posted on
08/22/2010 8:45:39 PM PDT
by
KTM rider
( ..........tell me this really isn't happening ! !)
To: blam
blam, since you seem to be the economics guru here at FR, I wonder if you have heard of or read the book The Rational Optimist?
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