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A fact: Stimulus created jobs
The Boston Globe ^
| February 21, 2010
| Editorial
Posted on 02/21/2010 5:09:33 AM PST by Oldeconomybuyer
THE NUMBERS are in, and there can no longer be any doubt that President Obamas stimulus bill, passed just over a year ago, helped pull America from the brink of economic catastrophe, in part by creating millions of jobs that would not otherwise have existed. All of the major economic research firms that have studied the stimulus effect have come to this conclusion.
Still, though, its ridiculous to deny, as many have, that adding 2.5 million jobs was a poor use of government funds.
Stimulus opponents, often motivated by strictly ideological or political concerns, have repeatedly claimed that the bill didnt create a single job that the economy wouldnt have created anyway. This isnt true, and it should be beyond the bounds of political debate to claim it.
(Excerpt) Read more at boston.com ...
TOPICS: Business/Economy; Editorial; News/Current Events; Politics/Elections
KEYWORDS: creativejournalism; failure; obamanomics; porkulus; socialism
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Porkulus created or saved 6,324,988,023,091 jobs in Boston alone.
To: Oldeconomybuyer
To: Oldeconomybuyer
Isn’t that the cost of the Big Dig, so far?
3
posted on
02/21/2010 5:12:37 AM PST
by
secret garden
(Why procrastinate when you can perendinate?)
To: Oldeconomybuyer
Apparently, they are saying not just that the stimulus “saved” jobs, but also that the stimulus “created” jobs. Where are they? Certainly not in my neck of the woods. Possibly in Washington, DC.
4
posted on
02/21/2010 5:13:24 AM PST
by
Brilliant
To: Oldeconomybuyer
These guys probably still believe in global warming!
No wonder newspapers are dying.
5
posted on
02/21/2010 5:14:39 AM PST
by
fortheDeclaration
("Our constitution was made only for a moral and religious people".-John Adams)
To: mapmaker77
The numbers are in and we at the Boston Globe believe the White House hook, line and sinker!
6
posted on
02/21/2010 5:15:25 AM PST
by
Erik Latranyi
(Too many conservatives urge retreat when the war of politics doesn't go their way.)
To: Oldeconomybuyer
Communist countries behind the iron curtain were famous for big lies like this, but nobody believed it.
Just this article saved 10,000,000 jobs.
7
posted on
02/21/2010 5:15:26 AM PST
by
Bon mots
To: Oldeconomybuyer
All of the major economic research firms that have studied the stimulus effect have come to this conclusion. Just like "all the major climate scientists" agree that globull warming is real.
8
posted on
02/21/2010 5:16:15 AM PST
by
The_Victor
(If all I want is a warm feeling, I should just wet my pants.)
To: Oldeconomybuyer
9
posted on
02/21/2010 5:16:45 AM PST
by
ClearCase_guy
(We're all heading toward red revolution - we just disagree on which type of Red we want.)
To: Oldeconomybuyer
Let’s pretend, just for shits and giggles, that this 2.5 million number is true.
Uh, my calculator broke. How much is that PER JOB?
10
posted on
02/21/2010 5:17:24 AM PST
by
Daisyjane69
(Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
To: mapmaker77
"Still, though, it’s ridiculous to deny, as many have, that adding 2.5 million jobs was a poor use of government funds."
Even if we assume that number is correct (which obviously it is not inasmuch as 4 million jobs have been lost since the stimulus was passed), I don't think it is worth mortgaging our children's future, our grandkids', their grandkids', and frankly, our own future, to create a measily 2.5 million jobs that would have been replaced by the capitalist system if the politicians had not intervened and commandeered those workers for the public sector.
To: Bon mots
They can’t be honest — if there were, even those deeply infatutuated with our Joke-In-Chief would wake up.
12
posted on
02/21/2010 5:18:07 AM PST
by
elk
To: Oldeconomybuyer
You don’t question the numbers provided by “The Chosen One”!!!
13
posted on
02/21/2010 5:18:49 AM PST
by
Erik Latranyi
(Too many conservatives urge retreat when the war of politics doesn't go their way.)
To: Oldeconomybuyer
It’s only the editor at the Boston Globe opinion, to which he is entitled. We know better though, don’t we?
14
posted on
02/21/2010 5:19:42 AM PST
by
Kaslin
(Acronym for Obama: One Big Ass Mistake America)
To: mapmaker77
Even accepting the premise that the 800 billion dollar stimulus created 2.5 million jobs, that still works out to $320,000 per job.
15
posted on
02/21/2010 5:20:12 AM PST
by
norwaypinesavage
(Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
To: Oldeconomybuyer
"THE NUMBERS are in, and there can no longer be any doubt that President Obamas stimulus bill, passed just over a year ago, helped pull America from the brink of economic catastrophe, in part by creating millions of jobs that would not otherwise have existed."What is this person smoking?
16
posted on
02/21/2010 5:20:18 AM PST
by
blackbart.223
(I live in Northern Nevada. Reid doesn't represent me.)
To: Daisyjane69
If we assume the $1.250 Trillion number ... about $500,000 per job. Anyone one on Free Republic get one of those jobs? Cause I sure missed out.
To: Brilliant
18
posted on
02/21/2010 5:21:11 AM PST
by
Son House
(The Learning Curve for Democrats on Macroeconomics is getting Exponential)
To: Bon mots
Just this article saved 10,000,000 jobs. 0bama's jobculator puts the number saved at 65,341,894,093.
19
posted on
02/21/2010 5:21:14 AM PST
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: Brilliant
Possibly in Washington, DC.Nope. Not here.
There still are plenty of Steamfitters, Electricians, Plumbers, Carpenters and on and on that are still unemployed or underemployed with not that much work on the books ready to break.
Although construction has improved some what in this area, it is a false sign because it always improves a little going into spring.
20
posted on
02/21/2010 5:21:15 AM PST
by
bayliving
(1 if by land, 2 if by sea and 3 if by our own government.)
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