Moody's: Obama jobs plan will create 1.9 million jobs

The truth about Government spending is that it isn't better than private sector spending. The money multiplier is far greater when left in the private sector than the public. But idiots like Obama never studied economics. Therefore they actually worship the Government God of re-distribution and their idiot "fairness" agenda.

Of course, "fairness" only works when their guys are the "deciders."

The Myth of the Multiplier
Why the stimulus package hasn't reduced unemployment

........

So what do the data say? There aren’t many studies of the issue. But two stand out: Robert Barro’s work and research by Valerie Ramey, an economist at the University of California–San Diego, on how military spending influences GDP. Both studies found that government spending crowds out the private sector, at least a little. And both found multipliers close to one: Barro’s estimate is 0.8, while Ramey’s estimate is 1.2. This means that every dollar of government spending produces either less than a dollar of economic growth or just a little over a dollar. That’s quite different from the administration’s favored multiplier of four. What’s more, Ramey also found evidence that consumer and business spending actually decline after an increase in government purchases.

Why this crowding out of private spending? Government spending comes from three sources: debt, new money, or taxes. In other words, the government can’t inject money into the economy without first taking money out of the economy.

http://reason.com/archives/2009/10/19/the-myth-of-the-multiplier

 

That makes perfect sense. Here is the problem. Both sides make perfect sense when pointing out the other side makes no sense. But neither side will acknowledge their side makes no sense. Also, Bush borrowed to inject at the end of his term, as well. I have no doubt if McCain would have won, he would be giving an identical speech. Neither side has any clue how to truly stop outsourcing, let alone reverse it, while keeping free trade. And anyone who is not on the take can tell what the problem is. You can't have globalism and a strong America. To suggest otherwise is disingenuous or naive. We either need to get use to the fact that we are finished, thanks to a traitor top bracket who controls the puppet state, or we need to start breaking away from all traditional ways of trying to make change. They aren't working. Globalism pushes on.

 

Didnt Moody's pass out AAA ratings to subprime mortgages before they imploded in 2008? If that is true then I dont think their opinion on future economic performance is worth a (*)(*)(*)(*).

 

" create " is the wrong word.Buy or Graft.

 

Perhaps, but if one takes note of the title of this thread they will notice that Moody's is estimated nearly double than CNN. Had it been Fox or some other more conservative outfit, there could be room for bias. But we are talking about CNN, a source commonly accepted by liberals. So what gives? Either the Obama bot from Moody's cooked the books or CNN is no longer reputable. I'm just trying to figure out which...

 

If the jobs are gone, how come unemployment is still down since 2009/2010?

 

Everyone is always right in the world of economics. There are multiple realities.

In the Obama reality he's saved us from a Great Depression.

In my reality he's put his boot on the neck of business and reaps as he has sown.

 

Fascinating that you don't care about the lack of any plan from the White House or Democrats; why is that?

I am fairly certain that no matter what the GOP came up with you would still denigrate whatever it is.

 

You're right, Democrats don't care; if they did, they would have passed legislation to make all of these issues go away and we would all be living happily and blissfully for the rest of our lives.

There you have it folks, the fairy tale world of Liberals; all you have to do is care more than anyone else and denigrate your opponents at a personal level. Forget about actually doing something about the issue.

 

Doesn't matter whats good enough "for me". I'm not the one saying he still owes 1 Billion dollars. Obviously the 4 billion he paid last year wasn't enough for the Feds.

If this is what the Fed figured he owes, and he hasnt paid...then he should not be standing up doing Obamas shillwork and saying anything about coddling the rich.

 

still curious myself as to how someone can predict anything until a detailed plan is presented

 

We are not down by much.

I concede that Obama has created jobs by throwing money at it.

But the jobs do not last.

If we give Obama another $500 billion without very close supervision from the Republicans in congress he will waste the money as he wasted the last stimulus slush fund in 2009.

 

guess I am not the only one who noticed

http://www.realclearmarkets.com/art...the_obsolete_post_office_president_99247.html

as one commenter said

 

your better off taking 500 billion and paying off mortgages of people out of a lottery.

 

Of course not its crisi after crisis

AGain then how come employment is down?

It wasnt waisted and again what do you propose to do? That is besides the follish notion of cutting taxes and praying the republicans propose.

 

ROTFLAMO!! Just saw the title. No need to read anything more. Results speak for themselves. I didn't know Moody's was going into the stand up comic business. They must think there are a lot of gullible people out there for them to post this nonsense.

 

One obvious flaw in this rosy prediction is that a payroll tax cut will provide only a short term benefit for those who are already working!

Moreover, it will create a funding shortage to the Federal Government by drastically reducing the amount of tax revenue it needs to fund yet another year of unemployment benefits, keep the Social Security System solvent (which it has raided and stolen from for decades), and compensate for the very spending reductions that are supposed to make up the balance of the FOUR HUNDRED FORTY-SEVEN BILLON DOLLARS that this new Obamanite stimulus plan calls for.

It is nothing more than a hastily, and poorly concocted "Shovel Ready Part II" -- the next installment of the Obama/Bernanke/Geithner Keynesian wet-dream socialist economics that they hope, somehow, someway, can do something to work... sort of.... It is nonsense, and it should be put out with the trash.

The only thing that's going to help anything is to CUT, CAP, AND BALANCE... and, for the Federal Government to operate within the Constitution -- getting OUT of the free market and private enterprise....