[Rudeboyelvis]

Originally Posted by Danzig

you have to count 'saved' jobs too.

on the bolded, what?!

http://www.usnews.com/opinion/blogs/...timulus-worked

"But in a survey by the University of Chicago's Booth School of Business, 80 percent of the 40 or so economists surveyed agreed with the Congressional Budget Office, known as the CBO, that the unemployment rate was lower at the end of 2010 than it would have been without the stimulus law. The survey asked a second question about whether—accounting for future costs arising from financing the stimulus with debt—its benefits would end up exceeding its costs. Here, 46 percent thought that they would and another 27 percent were uncertain, leaving only a small percentage that did not."

.........so, less than half think it will turn out to have been beneficial long-term.

yeah, i haven't seen 99.9% anywhere. obviously a made up figure. that can't be!


and i found this:

http://www.washingtonpost.com/blogs/...bibJ_blog.html

"If you ask the Obama administration, economists are virtually united in thinking the 2009 stimulus package worked. “I’m absolutely convinced, and the vast majority of economists are convinced, that the steps we took in the Recovery Act saved millions of people their jobs or created a whole bunch of jobs,” Obama declared at a press conference last month. Or, to quote NEC chair Gene Sperling from an interview a few weeks ago, “There is no question that the evidence is showing that the type of things the president did to help state and local governments really mattered, were really helpful in pulling us from the brink of depression to a recovery.”

But the stimulus’ critics allege that this evidence isn’t reliable. The studies the administration is relying on depend on models that “substitute assumptions for identification,” Harvard economist Robert Barro writes today in the Wall Street Journal. “To figure out the economic effects of transfers one needs ‘experiments,’” Barro writes, “in which the government changes transfer in an unusual way—while other factors stay the same—but these events are rare.”

The truth is, both studies of the type Barro prefers, and studies using models, which he criticizes, have been conducted to determine the effect of the stimulus on employment and output. Of the nine studies I’ve found, six find that the stimulus had a significant, positive effect on employment and growth, and three find that the effect was either quite small or impossible to detect."


not exactly 99.9%....

Exactly, Ziggy... The entire farce is a joke. Everything from Romney's plan to "save the country", to how "wonderful everything is due to Obama mortgaging us into fiscal collapse" is based on assumptions that neither side would believe with a straight face.