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Study: Obama's Stimulus Cost 595,000 Jobs
Investor's Business Daily ^
| 5/17/2011
| David Hogberg
Posted on 05/17/2011 3:37:52 PM PDT by Slyscribe
New economics research suggests that President Obama's stimulus plan may have destroyed or forestalled employment, including more than 1 million private-sector jobs.
Economists Timothy Conley, University of Western Ontario, and Bill Dupor of Ohio State University found that the stimulus resulted in a net loss of 595,000 jobs from April 2009 to September 2010.
That counters research by the Congressional Budget Office, the Council of Economic Advisors, and many other economists.
(Excerpt) Read more at investors.com ...
TOPICS: Business/Economy; Government
KEYWORDS: economics; economy; employment; jobs; keynesian; obama; obamanomics; obmanation; porkulous; stimulus; unemployment
1
posted on
05/17/2011 3:37:55 PM PDT
by
Slyscribe
To: Slyscribe
That counters research by the Congressional Budget Office, the Council of Economic Advisors, and many other economists.Economists entirely dependent upon government spending and patronage. Not exactly unbiased.
2
posted on
05/17/2011 3:44:38 PM PDT
by
mgstarr
("Some of us drink because we're not poets." Arthur (1981))
To: mgstarr
Hmmmm! Lets see..is employment up or down since Obama’s immaculation?
3
posted on
05/17/2011 3:46:43 PM PDT
by
Don Corleone
("Oil the gun..eat the cannoli. Take it to the Mattress.")
To: Slyscribe
4
posted on
05/17/2011 3:54:35 PM PDT
by
BenLurkin
(This post is not a statement of fact. It is merely a personal opinion -- or humor -- or both)
To: Slyscribe
Following in FDR’s footsteps
5
posted on
05/17/2011 4:34:05 PM PDT
by
Carley
(We will not tire. We will not falter. We will not fail. W, 9/20/01)
To: Slyscribe
“Economists Timothy Conley, University of Western Ontario, and Bill Dupor of Ohio State University found that the stimulus resulted in a net loss of 595,000 jobs from April 2009 to September 2010”
EPIC FAIL
6
posted on
05/17/2011 4:37:39 PM PDT
by
silverleaf
(All that is necessary for evil to succeed, is that good men do nothing)
To: Slyscribe
Their paper shows the stimulus created or saved 443,000 government jobs and 92,000 non-HELP service jobs. But it destroyed or forestalled 772,000 HELP jobs and 362,000 goods-producing positions. That's a net loss of 1.042 million private jobs.
I.e. the stimulus accelerated the conversion of the U.S. to a govt.-dominated economy. Hardly an accident.
To: mgstarr
The CEA acted as advocates. The CBO is a team of highly skilled and accurate sock puppets - they respond very precisely to the data and the assumptions that are assigned to them.
8
posted on
05/17/2011 5:45:21 PM PDT
by
jimfree
(In 2012 Sarah Palin will have more quality executive experience than Barack Obama.)
To: Slyscribe
9
posted on
05/18/2011 5:07:29 AM PDT
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: Slyscribe
10
posted on
05/19/2011 8:17:01 AM PDT
by
Qbert
("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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