How could anyone be against creating jobs in this fucked up economy? YAY jobs!

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Self promoting this video and sending it back into the queue for one more try; last queued Wednesday, October 19th, 2011 4:35pm PDT - promote requested by original submitter Boise_Lib.

Objection isn't to creating jobs. Objection is to raising taxes, which is all Obummer's 'job bill' really is.

1. He's already done this before. He did a 1 trillion dollar bill designed to create jobs for (get ready for it) construction workers, teachers, firemen, policemen, and so forth. What happened to that trillion dollars? Well, about half of it was given to the states, which they used to shore up thier own budget shortfalls. The other half-trillion? "What half-trillion?" says Obama. How about before we give him another half trillion, he accounts for every penny of the first trillion?

2. His previous efforts have not done jack squat - so why would we want to lather-rinse-repeat them?

3. How are a bunch of TEMPORARY 1-year construction jobs supposed to be a 'job bill' that puts America to work? No disrespect to teachers & temporary construction guys - but they aren't the jobs America needs. We need companies hiring scientists, computer programmers, MBAs, and other actual working professionals - not a bunch of temporary construction guys. Obama's bill is a joke because it hires a bunch of temps, and then a year later puts the burden of KEEPING them employed back on the states.

Obama's bill isn't designed to be passed. Even the Democrats rejected it in the Senate. Yeah - the Senate. Democrats. Rejected. Obama's STUPID bill. Not Republicans. DEMOCRATS. His bill isn't designed to pass. It is designed to get stupid idiots like Cunk a platform to say Republicans "hate teachers and jobs". That's all. And it also appears to be useful at getting stupid prog-libs to clap their hands like so many trained seals. Wake up.

You can't say it didn't work before because unemployment was skyrocketing and then stopped when the stimulus kicked in.

Show me a US recession/depression in the 20th/21st century that didn't end after large doses of economic stimulus in the form of deficits. That's the part I just don't for the life of me understand how anyone can argue against a deficit when every previous recession in modern US history was ended after significant, sometimes massive, deficit spending. This recession wasn't caused by deficit spending during times of recession. It was partly caused by massive record deficit spending during boom times. Stop the idiotic labeling of stuff. You don't prove anybody or any idea wrong by attempting to use the label "prog-lib". I don't care if the idea is liberal, progressive, capitalist, or conservative. If it works, freakin' use it!

>> ^Winstonfield_Pennypacker:

Objection isn't to creating jobs. Objection is to raising taxes, which is all Obummer's 'job bill' really is.
1. He's already done this before. He did a 1 trillion dollar bill designed to create jobs for (get ready for it) construction workers, teachers, firemen, policemen, and so forth. What happened to that trillion dollars? Well, about half of it was given to the states, which they used to shore up thier own budget shortfalls. The other half-trillion? "What half-trillion?" says Obama. How about before we give him another half trillion, he accounts for every penny of the first trillion?
2. His previous efforts have not done jack squat - so why would we want to lather-rinse-repeat them?
3. How are a bunch of TEMPORARY 1-year construction jobs supposed to be a 'job bill' that puts America to work? No disrespect to teachers & temporary construction guys - but they aren't the jobs America needs. We need companies hiring scientists, computer programmers, MBAs, and other actual working professionals - not a bunch of temporary construction guys. Obama's bill is a joke because it hires a bunch of temps, and then a year later puts the burden of KEEPING them employed back on the states.
Obama's bill isn't designed to be passed. Even the Democrats rejected it in the Senate. Yeah - the Senate. Democrats. Rejected. Obama's STUPID bill. Not Republicans. DEMOCRATS. His bill isn't designed to pass. It is designed to get stupid idiots like Cunk a platform to say Republicans "hate teachers and jobs". That's all. And it also appears to be useful at getting stupid prog-libs to clap their hands like so many trained seals. Wake up.

You can't say it didn't work before because unemployment was skyrocketing and then stopped when the stimulus kicked in.

The facts...

http://data.bls.gov/timeseries/LNS14000000

Unemployment started going up a bit in May of 2008 (5.4%). By February of 2009 (Stimulus bill passes) the rate was 8.2%. By October of 2009, unemployment was 10.1%. +2%. After. The. Stimulus. Unemployment hit 9%+ in May of 2009 and has stayed in that zone ever since.

Unemployment did spike a total of +4% between May of 2008 and May of 2009. 60% of that spike took place before the stimulus, and 40% of the spike took place AFTER the stimulus. In order for anyone to claim that the stimulus 'stopped' unemployement from rising, they would have to conclusively prove that unemployment WOULD HAVE RISEN to 13.4% by May of 2010, then to 17.4% by May of this year without the passage of the stimulus. Balderdash. Unemployment hit a natural free market peak in late 2009, and it was going to do that with our without the stimulus.

Let's assume the stimulus DID 'create jobs'. Is that backed up by facts?

http://www.reuters.com/article/2011/09/13/us-usa-campaign-stimulus-idUSTRE78C08R20110913

http://web.econ.ohio-state.edu/dupor/arra10_may11.pdf

Economic data is open to debate. On the one side here we have the CBO which gave the stimulus a very generous amount of credit (based on some very questionable interpretations of job 'creation') for 'creating or preserving' 3 million jobs. Then we have an OSU study which uses statistics to prove the stimulus 'created' 450,000 government jobs and KILLED a million private sector jobs.

I personally I think the OSU study hits the nail on the head. "ARRA funds were largely used to offset state revenue shortfalls and Medicaid increases rather than directly boost private sector employment." That is a statement that reflects reality. The stimulus mostly plugged up budgeting gaps that had nothing to do with employment. In fact, the CBO itself freely admitted, "it is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package.” QUOTE!

But let's be really nice and use the CBO's figures - even though they are highly questionable. 3 million jobs were 'created or preserved' by the stimulus bill. Even in this very rosy scenario, the stimulus made 1 job for every $200,000 dollars. It can be credibly argued that doing NOTHING would have generated a better result in an overall analysis compared to spending $200K for 1 job.

But for the sake of discussion let's take a good hard look at the jobs that were 'created'. After all, 200K a job might make sense if they were GOOD jobs...

http://reason.com/archives/2009/12/11/did-the-stimulus-create-jobs

They weren't. Most of the jobs were government jobs. And most of them were temporary construction jobs or other seasonal gigs for make-work projects scheduled to complete in a year or less (at which point they are fired). The private sector - where jobs are needed most - got virtually NO boost from the stimulus.

I could keep on going for hours, but suffice it to say that the stimulus didn't 'stop' unemployment. There is solid, real, credible evidence that the government's interference in the free market did far more harm than good. That's what happens. When government steps into the market, it creates an artificial bubble that PROLONGS an economic downturn.

Dude, stimulus does not immediately kick in. It takes time to take effect. And considering the economic data that suggests that this was the worst economic downturn in since the Great Depression, where unemployment reached 25%, how is it "balderdash" unemployment would have climbed into the teens?

You also failed in your economic analysis. To say that the stimulus jobs created 1 job for every $200,000 is the most absurd thing I've ever read. First off, it assumes that the only jobs created are the jobs of people it directly contributed to hiring without taking into account the residual effects of said hiring, or the results of whatever goods and services produced from the work they did. How many jobs are created or preserved by building infrastructure? How many jobs were created or preserved by providing all workers hired through stimulus programs, which in turn spent that income on goods and services produced by private sector workers? What about workers producing goods and services necessary for these programs that wouldn't immediately show up?

"...the nonpartisan Congressional Budget Office released a report in August that said the stimulus bill has '[l]owered the unemployment rate by between 0.7 percentage points and 1.8 percentage points' and '[i]ncreased the number of people employed by between 1.4 million and 3.3 million.'"

http://www.factcheck.org/2010/09/did-the-stimulus-create-jobs/

The economy is cyclical in nature. Stopping the bleeding is a big deal. And most economists believe the stimulus bill wasn't as successful as it should have been is because it wasn't big enough, not because it was too big or was done at all.

Again, I challenge you to show me a recession in modern times that was not ended after a period of deficit spending. You can't name one, can you?

http://www.usgovernmentspending.com/include/us_deficit_100.png

So there's completely DUH obvious undeniable, there's no other way to explain it, basic US historical fact that we've ALWAYS ended recessions with deficit spending. How can you possibly argue that "when government steps into the market, it creates an artificial bubble that PROLONGS an economic downturn." So what was WWII?! What were the 1980's?! You have no factual claims to stand on! Explain how in the world deficits prolonged the Great Depression! We deficit spent quite a bit leading up to WWII, still didn't get out of the Great Depression, massive record deficit spent, THEN got out of the Depression. It is undeniable that's what did the trick.

I don't for the life of me understand why people like you will literally argue the sky isn't blue if it fits your ideological narrative.

>> ^Winstonfield_Pennypacker:

You can't say it didn't work before because unemployment was skyrocketing and then stopped when the stimulus kicked in.
The facts...
http://data.bls.gov/timeseries/LNS14000000
Unemployment started going up a bit in May of 2008 (5.4%). By February of 2009 (Stimulus bill passes) the rate was 8.2%. By October of 2009, unemployment was 10.1%. +2%. After. The. Stimulus. Unemployment hit 9%+ in May of 2009 and has stayed in that zone ever since.
Unemployment did spike a total of +4% between May of 2008 and May of 2009. 60% of that spike took place before the stimulus, and 40% of the spike took place AFTER the stimulus. In order for anyone to claim that the stimulus 'stopped' unemployement from rising, they would have to conclusively prove that unemployment WOULD HAVE RISEN to 13.4% by May of 2010, then to 17.4% by May of this year without the passage of the stimulus. Balderdash. Unemployment hit a natural free market peak in late 2009, and it was going to do that with our without the stimulus.
Let's assume the stimulus DID 'create jobs'. Is that backed up by facts?
http://www.reuters.com/article/2011/09/13/us-usa-campa
ign-stimulus-idUSTRE78C08R20110913
http://web.econ.ohio-state.edu/dupor/arra10_may11.pdf
Economic data is open to debate. On the one side here we have the CBO which gave the stimulus a very generous amount of credit (based on some very questionable interpretations of job 'creation') for 'creating or preserving' 3 million jobs. Then we have an OSU study which uses statistics to prove the stimulus 'created' 450,000 government jobs and KILLED a million private sector jobs.
I personally I think the OSU study hits the nail on the head. "ARRA funds were largely used to offset state revenue shortfalls and Medicaid increases rather than directly boost private sector employment." That is a statement that reflects reality. The stimulus mostly plugged up budgeting gaps that had nothing to do with employment. In fact, the CBO itself freely admitted, "it is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package.” QUOTE!
But let's be really nice and use the CBO's figures - even though they are highly questionable. 3 million jobs were 'created or preserved' by the stimulus bill. Even in this very rosy scenario, the stimulus made 1 job for every $200,000 dollars. It can be credibly argued that doing NOTHING would have generated a better result in an overall analysis compared to spending $200K for 1 job.
But for the sake of discussion let's take a good hard look at the jobs that were 'created'. After all, 200K a job might make sense if they were GOOD jobs...
http://reason.com/archives/2009/12/11/did-the-stimulus-create-jobs
They weren't. Most of the jobs were government jobs. And most of them were temporary construction jobs or other seasonal gigs for make-work projects scheduled to complete in a year or less (at which point they are fired). The private sector - where jobs are needed most - got virtually NO boost from the stimulus.
I could keep on going for hours, but suffice it to say that the stimulus didn't 'stop' unemployment. There is solid, real, credible evidence that the government's interference in the free market did far more harm than good. That's what happens. When government steps into the market, it creates an artificial bubble that PROLONGS an economic downturn.

Dude, stimulus does not immediately kick in. It takes time to take effect.

Yes - so far it has taken over 2 years and STILL hasn't 'taken effect'. (rimshot)

And considering the economic data that suggests that this was the worst economic downturn in since the Great Depression, where unemployment reached 25%, how is it "balderdash" unemployment would have climbed into the teens?

Where is the evidence that 'proves' unemployment WOULD HAVE reached 13% or 17% or 25%? Depends on who you are talking to of course. There are indicators that US unemployement is indeed more along the lines of 17% when you take away 'book cooking' techniques such as not counting people who aren't looking for jobs anymore, and so forth. Regardless, there is no substantive economic evidence that unemployment as traditionally measured was going to keep increasing beyond the plateau it reached.

You also failed in your economic analysis.

It isn't my economic analysis. It is the economic analysis of economists. Argue with them. Just because you disagree with them doesn't make you right. It just makes you one of millions of people with an uninformed opinion.

"...the nonpartisan Congressional Budget Office released a report in August that said the stimulus bill has '[l]owered the unemployment rate by between 0.7 percentage points and 1.8 percentage points' and '[i]ncreased the number of people employed by between 1.4 million and 3.3 million.'"

I already talked about the CBO report - which is one of the most 'generous' interpretations possible and is based on fuzzy facts and a bunch of imagination. Other analysis is far more critical, and has a lot more concrete data to back it up.

"most economists believe"

Nope - you don't get to pull an Obama tactic here. When Obama says bullcrap like this he skates away because the media doesn't call him out. I'm different. I'm calling you out. Define your claim. "Most economists"... What economists? Name names. Name the organizations. Name the time. Name the place. Name the report. Name the data. Supply your proof to your claim that 'most economists' say the bill wasn't successful because it wasn't big enough. The only economnists who say that kind off garbage are prog-lib Keneysians - who aren't worth the powder to blow them up. There are HOSTS of economists who completely, unequivocally, and thoroughly disagree with that highly questionable position.

Again, I challenge you to show me a recession in modern times that was not ended after a period of deficit spending. You can't name one, can you?

Your position is spurious because for the past 70 years the US government has been on a constant deficit spending binge. I can with equal validity claim the following...

"I challenge you to show a recession in modern times that was not PRECEEDED by a period of deficit spending. You can't name one, can you?"

When the baseline of government is constant debt spending, for anyone you to claim that all 'positive' events are the result of deficit spending is nonsense. The chart proves nothing expect that the government has been debt spending 95% of its existence. It sort of also proves that that the recessions in the 60s, 70s, 80s, and this recession were preceeded by deficit spending.

there's no other way to explain it

Yes there is and I just showed it to you. Only people who are mired in a narrow, biased, bigoted, and blinkered Keneysian world-view can say there is 'only' one explanation. Reality and facts prove otherwise.

we've ALWAYS ended recessions with deficit spending

And this is why you are proven to be narrow-minded, biased, bigoted, and blinkered. Private sector growth is what ends recessions - not deficit spending. If deficit spending 'ended' recessions, then why are we still in a recession? Obama Jerkface the First has engaged in more deficit spending than any president in US history in raw terms. Why aren't we in an economic boom right now after 3 years on his debt steroids? If debt got rid of recessions, then we'd never go INTO a recession because we've been debt spending 95% of the time. Your analysis is so simplistic, so flawed, and so moronic that it begs the question whether you even think about what you write, or if you are just so steeped in leftist propoganda that you have abandoned free-thinking completely.

So what was WWII?! What were the 1980's?!

WW2 was a world war that was followed by a post-war private sector boom of increased private spending and greatly decreased government debt spending. The 1980s was a period of time when private businesses grew as a result of decreased government taxation - caused by a conservative president forcing a liberal congress to cut entitlements somewhat.

Explain how in the world deficits prolonged the Great Depression!

Like many prog-libs, you lack historical knowledge. FDR engaged in massive debt spending and public works long before WW2. The creation of public works based on deficits created an environment where government was a 'job creator', not the private sector. When the government is actively involved in setting wages, being the 'job creator', and otherwise setting a baseline of economic activity, then the private sector holds back its capital, jobs, and other activities. The reason is simple - the private sector cannot compete when the public sector is artificially manipulating costs and prices. It creates an atmosphere of massive economic uncertainty, and the private sector is unwilling to take risks, make bold moves, or otherwise do anything that might be jeopardized by a sudden decision by government to move in that direction.

So when government is subsidizing construction workers (such as with public make-work crap), it interferes with the private constriction industry. They are not going to hire workers at $20 an hour when government workers are getting tax-subsidized $30 jobs. They can't compete with that. So they don't hire anyone, and they fire people they already have, and they also have people quit because government is hiring at higher than market value wages. Then in a year when those jobs dry up, the private sector is flooded with workers who expect a 30 an hour job, but the job environment is full of employers who only pay 25 (or less), and who are scared to hire anyone because they have no idea if government is going to go on another bogus debt binge or not. The only time the private sector steps up in in periods of time when they know the government is NOT going to be rocking the boat with arbitrary decisions for a while. This is why there was a big boom AFTER the war (when government activity decreased) and in the 80s. Recessions are ended when the private sector has CONFIDENCE - and that only happens when government is NOT doing anything.

I could go on a long time, but I doubt you care to hear it. Prog-libs who believe only the Keneysian model don't care to hear how thier precious philosophy screws up the world market, prolongs economic downturns, and basically is the major cause of suffering, poverty, and economic unrest.

I don't for the life of me understand why people like you will literally argue the sky isn't blue if it fits your ideological narrative.

Pot - meet kettle. Your world view is 100% backwards. You are the one calling the sky green. You are the one saying the moon is made of cheese. We in the real world await your arrival some day when you're ready for it.