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phonyfeminazi
Expert
Joined: 30 Sep 2008
Posts: 7819
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 Posted: Wed Feb 17, 2010 11:45 am Post subject: I Want to Thank Osama for "Saving" My Job. |
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I think that the guy is a magician....he saved my job and I didn't even know it....
WASHINGTON (AP) -- Vice President Joe Biden asserted in an interview Wednesday that taxpayers have "gotten their money's worth" out of the $787 billion stimulus program that Congress passed during the depths of the recession.
In an interview broadcast on CBS's "The Early Show," Biden defended the program against accusations by Republicans critics that it hasn't been the job-manufacturing machine the administration promised to the American people.
He argued that money invested in both private and public-sector initiatives has saved as many as 2 million jobs, and said, "I don't think they realize it." Biden said the program, now a year old, was designed to be implemented in two stages, saying "we've only been halfway through the act."
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Exposing the secular humanist liberal "progressives". |
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Amphikalein
Journeyman
Joined: 10 Oct 2008
Posts: 3177
Location: Corrales, NM
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| Posted: Wed Feb 17, 2010 12:30 pm Post subject: Judging Stimulus by Job Data Reveals Success |
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From David Leonhardt in yesterday's NYT's Economy section: | Quote: | Imagine if, one year ago, Congress had passed a stimulus bill that really worked.
Let’s say this bill had started spending money within a matter of weeks and had rapidly helped the economy. Let’s also imagine it was large enough to have had a huge impact on jobs — employing something like two million people who would otherwise be unemployed right now.
If that had happened, what would the economy look like today?
Well, it would look almost exactly as it does now. Because those nice descriptions of the stimulus that I just gave aren’t hypothetical. They are descriptions of the actual bill.
Just look at the outside evaluations of the stimulus. Perhaps the best-known economic research firms are IHS Global Insight, Macroeconomic Advisers and Moody’s Economy.com. They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs. The Congressional Budget Office, an independent agency, considers these estimates to be conservative. |
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"Our lives begin to end the day we become silent about things that matter." ~Martin Luther King Jr.
"May we, in our dealings with all the peoples of the earth, ever speak the truth and serve justice." ~Dwight D. Eisenhower
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