The Stimulus Seems to have failed

http://www.bloomberg.com/news/2010-...first-half-u-s-growth-goldman-sachs-says.html

Failure by Congress to extend Bush- era tax cuts even temporarily may erase U.S. economic growth in the first half of next year, according to Alec Phillips, an economist at Goldman Sachs Group Inc.

Gross domestic product would be cut by almost 2 percentage points if Congress fails to extend the tax cuts, due to expire Dec. 31, along with temporary tax credits under the 2009 stimulus bill as well as relief from the alternative minimum tax, Phillips calculates.
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http://www.investors.com/NewsAndAnalysis/Article.aspx?id=548288

We have fewer jobs today than we did a year ago. And since Obama took office, we've lost about 4 million of them. Unemployment stands at 9.6% — higher than it was in June 2009, when the "recovery" began.

This is what $700 billion in bailouts, $862 billion in "stimulus," $1.4 trillion in new money printed by the Fed and $2.9 trillion in federal deficits in just two years get you. Nothing.
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Given all that, why is it that so many of you JREFers still can't bring yourself to admit the stimulus was a failure? :D
 
You want to know why there's crickets?

It's because it is tiring responding to your insanely wrong interpretations of reality.
For instance,
BeAChooser said:
http://www.msnbc.msn.com/id/39288720/ns/business-eye_on_the_economy/

And guess what? The worst are all blue states. The best were all red states. :D
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Well, your insane need to lable "red state/blue state" is strike one against you.
strike two comes in when we start looking at the actual data.
from the actual labor statistics.
http://www.bls.gov/news.release/laus.nr0.htm
Table C shows statistically significant changes. only 13 states had a sig change. 5 red states, 8 blue states. (Being generous) with red/blue state definitions. while all 36 other states had absolutely no change. Hardly an indictment against state political leanings.

Strike 3:
Further, Table D is the most relevant and it shows the states with job growth over the last year. 4 red states,3 blue states.

Again, the data simply doesn't support your arguments. It never does.
You habitually present skewed unreliable data.
So, Why Crickets?
Why should it be anyone's job to fact check you when you so clearly don't fact check yourself?
 
joobz said:
You want to know why there's crickets?

It's because it is tiring responding to your insanely wrong interpretations of reality.
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As much redundant as tiring. If he were actually saying something new it may be at least moderately useful to rebut but BaC seems to think the way to deal with having your argument dismantled is to simply repeat it 15 times in succession. Apparently he believes that if you just keep chanting it will magically become true.
 
joobz said:
strike two comes in when we start looking at the actual data.
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LOL! So now you're saying you don't believe MSNBC … one of the bulwarks of the leftist mainstream media? Will wonders ever cease! :D

joobz said:
strike two comes in when we start looking at the actual data.
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LOL! Yes, let's see what that BLS press release says in the very first paragraph:

Twenty-seven states recorded unemployment rate increases, 13 states registered rate decreases, and 10 states and the District of Columbia had no rate change, the U.S. Bureau of Labor Statistics reported today.
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By gosh … isn't that EXACTLY what I noted MSNBC reported?

And looking at Table C, the change in the number of people employed, I see that the worst changes occurred in California (Blue), Washington DC (Blue), Michigan (Blue), Pennsylvania (Blue) and Texas (Red). North Carolina (Blue) saw a significant increase in employment. Now that is a 4 to 2 ratio.

Looking at the unemployment rate itself (Table A), I see that the worst unemployment rates are in California (Blue), Florida (Blue), Michigan (Blue), Nevada (Blue), Oregon (Blue), Rhode Island (Blue), and South Carolina (Red). That's a 6 to 1 ratio.

The lowest unemployment rates (say those under 6%) in Table A are in Nebraska (Red), New Hampshire (Blue), North Dakota (Red) and South Dakota (Red). That's a 3 to 1 ratio.

Sorry, joobz, but the BLS data seems to support exactly what I noted in my post. :D

joobz said:
Further, Table D is the most relevant
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And it shows that the state with the largest job loss (by far) is California (Blue). The state with the largest increase in employment (by far) is Texas (Red).

It's pretty obvious why there are crickets. Even cherry picking your responses, you can't seem to argue your way out of a paper bag. :D
 
BeAChooser said:
LOL! So now you're saying you don't believe MSNBC … one of the bulwarks of the leftist mainstream media? Will wonders ever cease! :D
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I don't care what MSNBC stated, I'm simply countering YOUR statement.


BeAChooser said:
By gosh … isn't that EXACTLY what I noted MSNBC reported?
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You understand that I was referring to STATISTICALLY SIGNIFICANT numbers, right? Numbers that are beyond noise.

BeAChooser said:
And looking at Table C, the change in the number of people employed, I see that the worst changes occurred in California (Blue), Washington DC (Blue), Michigan (Blue), Pennsylvania (Blue) and Texas (Red). North Carolina (Blue) saw a significant increase in employment. Now that is a 4 to 2 ratio.
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There are 13 states listed in that table. Why do you not list all of them?
Again, you are the very definition of cherry picking.
BeAChooser said:
The lowest unemployment rates (say those under 6%) in Table A are in Nebraska (Red), New Hampshire (Blue), North Dakota (Red) and South Dakota (Red). That's a 3 to 1 ratio.
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Again, Cherry picking.
Why draw that line? If you look at all the states that are statistically different from the average, you see the difference between RED/Blue nearly nonexistant.
And further, RED/BLue is an extremely silly binning that misses the bigger picture it is only a partisan hack argument. And Why I called you out on it.

BeAChooser said:
And it shows that the state with the largest job loss (by far) is California (Blue). The state with the largest increase in employment (by far) is Texas (Red).
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Not only cherry picking, but a moving the goal posts. your original statement was proven false. And now you are simply attempting to cherry pick to avoid admitting error. Too late.

BeAChooser said:
And guess what? The worst are all blue states. The best were all red states. :D
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BeAChooser said:
It's pretty obvious why there are crickets.
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because all you present is
BeAChooser said:
cherry picking
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http://www.cnn.com/2010/POLITICS/09/24/obama.approval.poll/

Washington (CNN) -- With little more than a month to go before the midterm elections, President Barack Obama's approval rating has hit an all-time low.

Only 42 percent of Americans now approve of how Obama's handling his job as president, according to a new CNN/Opinion Research Corporation poll. Fifty-four percent disapprove of his performance.

... snip ...

Congressional Democrats aren't faring much better. They now face a nine-point deficit when likely voters are asked which party they'll back in November, according to the poll.
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:D
 
http://www.investors.com/NewsAndAnalysis/Article/548458/201009241901/Clowns-To-The-Left.aspx

With joblessness near double digits, federal spending hurtling us toward national bankruptcy and an Islamist terror regime seeking nukes, what is Congress doing? Taking testimony from comedians.

… snip …

Republicans last week put forth a 21-page platform outlining their solutions to government overspending, unemployment and national security.

The Democrats who run Congress, on the other hand, were wasting time — and taxpayer money — turning a committee hearing room into a circus, to the delight of the TV entertainment media who were there in force.
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http://www.bloomberg.com/news/2010-...ma-s-stimulus-made-economic-crisis-worse.html

Obama Stimulus Made Economic Crisis Worse, `Black Swan' Author Taleb Says

“Obama did exactly the opposite of what should have been done,” Taleb said yesterday in Montreal in a speech as part of Canada’s Salon Speakers series. “He surrounded himself with people who exacerbated the problem. You have a person who has cancer and instead of removing the cancer, you give him tranquilizers. When you give tranquilizers to a cancer patient, they feel better but the cancer gets worse.”

Today, Taleb said, “total debt is higher than it was in 2008 and unemployment is worse.”
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Dorian Gray said:
No, a good question would be something like "If Obama started in January 2009 and the recession ended in June 2009, and one of the first claims made in the article cited by BAC calls that 4 months, how can we take the rest of the article seriously?"
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How many months do you think there are between the end of January (Jan 20th) and the end of May (last month of recession)?
 
JohnnyG said:
How many months do you think there are between the end of January (Jan 20th) and the end of May (last month of recession)?
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Unfortunately for you, the last month of the recession was June, not May. To paraphrase my earlier question, if you say the recession ended in May 09, despite numerous articles on the internet, in print, on television, on the radio and in this thread quoting the economic report as saying the recession ended in June 09, how can we take anything else you say seriously?
 
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