shovel ready my *ss, $787b stimulus to lose 70k construction jobs

[glenn1]

Here is the key point, "Conley and Dupor found that, overall, the $500b in stimulus spending did 'create or save' 443,000 state and local government jobs, but it 'destroyed or forestalled' 1 million private-sector jobs."

That's right, when times get tough the government will be there - and making sure their jobs are secure, even if it's at the expense of yours.

http://www.investors.com/NewsAndAna...81850/A-Shovel-Empty-Waste-Of-787-Billion.htm

 

[OrByte]

That is a pretty horrible article.

The title itself is pretty misleading...

 

[Tom]

"In part, they say, that's because the growth in state jobs crowded out private-sector job growth."

That makes no sense unless there's full employment, which obviously there isn't.

Or if taxes were raised to pay for the government spending, which also didn't happen.

 

[fskimospy]

Investor's Business Daily lol.

Conley and Dupor's results in the study cited are not statistically significant, LOL.

 

[OrByte]

I'm looking for Conley and Dupor's study...link anyone?

nevermind found it

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

 

[PingSpike]

"In part, they say, that's because the growth in state jobs crowded out private-sector job growth."

That makes no sense unless there's full employment, which obviously there isn't.

Or if taxes were raised to pay for the government spending, which also didn't happen.

Well, I'm not saying the article is right. But we haven't raised taxes to pay for government spending in a long time. We just print more money.

All I remember happening around here from that stimulus was they repaved sections of road that were in average to good condition while sections that had basically been impassable for 5 years already had nothing done to them.

 

[fskimospy]

I'm looking for Conley and Dupor's study...link anyone?

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

 

[fskimospy]

Here is the key point, "Conley and Dupor found that, overall, the $500b in stimulus spending did 'create or save' 443,000 state and local government jobs, but it 'destroyed or forestalled' 1 million private-sector jobs."

That's right, when times get tough the government will be there - and making sure their jobs are secure, even if it's at the expense of yours.

http://www.investors.com/NewsAndAna...81850/A-Shovel-Empty-Waste-Of-787-Billion.htm

So seriously, that study is complete shit and its findings aren't statistically significant. ie: The study found absolutely nothing. This is why you shouldn't read IBD editorials.

 

[theeedude]

States are pinching pennies and cutting jobs. Federal stimulus saved some of those jobs. If you wanted to save all of them, needed a bigger stimulus.

 

[classy]

You know what is amazing in this whole thing. We had 8 years of Bush and Republican Tax cuts and still lost jobs and created zero private sector jobs. Now we have the other spectrum with Obama and still we have created zero private sector jobs. You would think after 10 years people would just understand the private sector is about greed like everyone else and they aren't interested in making private sector jobs.

 

[werepossum]

I'm no fan of Stimulus Rex or any scheme that creates or "saves" jobs at a million bucks a pop, but I don't see how it could have cost significant numbers of private sector jobs. The work basically falls into two categories, work contracted by the government and work done by the government. For the former, obviously the same number of private sector jobs are required, or nearly so. For the latter, I doubt much of that work would have been done at all.

 

[PeshakJang]

You know what is amazing in this whole thing. We had 8 years of Bush and Republican Tax cuts and still lost jobs and created zero private sector jobs.

Why would you post a lie that is so easily refuted?

Now we have the other spectrum with Obama and still we have created zero private sector jobs. You would think after 10 years people would just understand the private sector is about greed like everyone else and they aren't interested in making private sector jobs.

Yes, two significant recessions and a war within 10 years, and a slow economy is obviously due to the fact that greedy private sector people (*everyone who is not in the government) do not want to grow their businesses by expanding and creating jobs.

I wish I could call you a fucking idiot, but it doesn't seem strong enough.

 

[Jhhnn]

States are pinching pennies and cutting jobs. Federal stimulus saved some of those jobs. If you wanted to save all of them, needed a bigger stimulus.

That's too simple and too much the truth for our resident raving righties to understand at all.

No matter what, in their minds, it's of the utmost importance for Obama to be a failure, facts be damned.

It's all Obama's fault, everything. They jus know it.