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Old 09-25-2012, 04:09 PM
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Riot Riot is offline
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Join Date: Mar 2007
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Quote:
Originally Posted by Clip-Clop View Post
You are burdened with proof in this, you claimed 999 out of 1000 stand behind it working now the argument is the CBO said so...
Please provide the names of the economists that are supporting the stimulus, and do so at the above rate.
Yep - here's your proof: The CBO said the stimulus worked. Please provide one economist that says the CBO's facts about jobs and GDP are wrong.

Just one economist who disputes the CBO's numbers on jobs and GDP.

We'll wait.

In fact, I started another entire thread for you to join and discuss this and post your studies.

Here's some figures for you to reference - I've posted the link to the CBO report previously in other threads

Quote:

November 2011 Politico

The economy would have been in much worse shape without the 2009 stimulus — which increased employment in the third quarter of this year by as many as 3.3 million full-time jobs, according to a report by the Congressional Budget Office.

Republican lawmakers and presidential candidates have blasted the $800 billion pumped into the economy through the American Recovery and Reinvestment Act as a waste of taxpayer dollars that failed to put people back to work.

The nonpartisan CBO figures offer a more nuanced picture of how government spending impacted an economy still coping with unemployment above 9 percent. It provides an alternative glimpse of an economy with even higher unemployment and drastically lower growth.

The CBO figures released Tuesday estimate that the stimulus package raised the gross domestic product this past quarter by 0.3 percent-1.9 percent.

The CBO report provided a broad range of the estimated number of full-time jobs created because of the stimulus — from a low of 500,000 to a high of 3.3 million jobs.

Previous estimates indicated that the stimulus funded more than 400,000 full-time jobs in the third quarter, but the CBO said in its report that the figure was not a “comprehensive” look at the law’s impact.

The effects of the stimulus are fading after having peaked in the first half of 2010, the report noted.

However, the CBO estimates that the stimulus will raise GDP by 0.1 percent to 0.8 percent next year and employment by 200,000 to 1.1 million jobs.

Read more: http://www.politico.com/news/stories...#ixzz27W9GzEzC
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