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The Stimulus Worked, GarMan!

Tarheel

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The Stimulus Worked, GarMan!
« on: August 31, 2011, 06:06:42 PM »
You see, GarMan, The Pharaoh's Stimulus Plan actually did work and would have worked better.  We idiot conservatives acting in our own, selfish political reasons refuse to accept that fact.  The stimulus simply wasn't big enough!  It needed to be bigger.  Even the CBO is in agreeance on this assertion.  (Unfortunately the Bureau of Labor Statistics report on the 9% unemployment rate is not used {http://data.bls.gov/timeseries/LNS14000000}...nor is the Bureau of Economic Analysis gross GDP of 1% ever cited for evidence to the contrary {http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm}.  Facts are stubborn things...but who wants to wager that The Pharaoh's new "Jobs Plan" to be announced next week will be another stimulus?)

From the New Republic, all emphasis is my own (this ought to wind-up GarMan):
Quote
One More Time: The Stimulus Worked
Jonathan Cohn
August 30, 2011

Republicans and their allies keep saying the Recovery Act didn't work. The experts keep saying that it did. The latest is the Congressional Budget Office, which this week released a new economic projection and, in so doing, confirmed its earlier finding that the Recovery Act succeed in its primary goal: Saving or creating jobs in order to offset the effects of the recession.
 
As of June, the agency says, between 1.0 and 2.9 million more people are working because of the Recovery Act. And that figure actually seems to understates the impact.
 
Not only did more people find jobs; more people who had jobs worked additional hours. Throwing those additional hours into the mix, CBO determined that the Recovery Act's net impact was the equivalent of between 1.4 and 4.0 million additional full-time jobs.
 
The Obama Administration had predicted the Recovery Act would create 3.5 million jobs, which is towards the upper boundary of the CBO's estimates but certainly within its range.  It's also roughly consistent with projections from other authorities. The problem with the Recovery Act was that it needed to be even larger, and create or save even more jobs, because the recession was so deep...Keyensian stimulus actually boosts employment.
...

Full story:
http://www.tnr.com/blog/jonathan-cohn/94367/one-more-time-the-stimulus-worked

Link to the CBO report cited in the article:
http://cbo.gov/ftpdocs/123xx/doc12385/08-24-ARRA.pdf
« Last Edit: August 31, 2011, 06:08:10 PM by Tarheel »
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The question isn't who is going to let me; it's who is going to stop me. 
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GarMan

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Re: The Stimulus Worked, GarMan!
« Reply #1 on: August 31, 2011, 09:40:42 PM »
Yeah!  And, extending unemployment benefits again and again and again actually boosts the economy too!!!

These people have no shame... 
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My rule of life prescribed as an absolutely sacred rite smoking cigars and also the drinking of alcohol before, after and if need be during all meals and in the intervals between them.  - Winston Churchill

Eating and sleeping are the only activities that should be allowed to interrupt a man's enjoyment of his cigar.  - Mark Twain

Nothing says "Obey Me" like a bloody head on a fence post!  - Stewie Griffin

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."  - Ayn Rand

Saniflush

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Re: The Stimulus Worked, GarMan!
« Reply #2 on: September 01, 2011, 07:25:24 AM »
Yeah!  And, extending unemployment benefits again and again and again actually boosts the economy too!!!

These people have no shame sense...

fixt
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"Hey my friends are the ones that wanted to eat at that shitty hole in the wall that only served bread and wine.  What kind of brick and mud business model is that.  Stick to the cart if that's all you're going to serve.  Then that dude came in with like 12 other people, and some of them weren't even wearing shoes, and the restaurant sat them right across from us. It was gross, and they were all stinky and dirty.  Then dude starts talking about eating his body and drinking his blood...I almost lost it.  That's the last supper I'll ever have there, and I hope he dies a horrible death."

RWS

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Re: The Stimulus Worked, GarMan!
« Reply #3 on: September 01, 2011, 09:04:08 AM »
Quote
Not only did more people find jobs; more people who had jobs worked additional hours. Throwing those additional hours into the mix, CBO determined that the Recovery Act's net impact was the equivalent of between 1.4 and 4.0 million additional full-time jobs.
Yeah, working more hours because of the additional workload due to our employers not hiring people. It's cheaper to pay a little overtime here and there, rather than hire a new full time worker, pay benefits, etc etc. I think we're just seeing more of employers running their people ragged.
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GarMan

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Re: The Stimulus Worked, GarMan!
« Reply #4 on: September 01, 2011, 11:33:45 AM »
Yeah, working more hours because of the additional workload due to our employers not hiring people. It's cheaper to pay a little overtime here and there, rather than hire a new full time worker, pay benefits, etc etc. I think we're just seeing more of employers running their people ragged.

I believe that we're seeing a president who is merely doing the same thing as Carter while expecting a different (or better) result.  It didn't work out then, and it won't work out now. 
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My rule of life prescribed as an absolutely sacred rite smoking cigars and also the drinking of alcohol before, after and if need be during all meals and in the intervals between them.  - Winston Churchill

Eating and sleeping are the only activities that should be allowed to interrupt a man's enjoyment of his cigar.  - Mark Twain

Nothing says "Obey Me" like a bloody head on a fence post!  - Stewie Griffin

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."  - Ayn Rand

Re: The Stimulus Worked, GarMan!
« Reply #5 on: September 01, 2011, 11:50:36 AM »
I believe that we're seeing a president who is merely doing the same thing as Carter while expecting a different (or better) result.  It didn't work out then, and it won't work out now.

Unfortunately, I don't see a Republican like Reagan now, who can unfuck the situation.
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AUTiger1

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Re: The Stimulus Worked, GarMan!
« Reply #6 on: September 01, 2011, 12:03:35 PM »
Yeah, working more hours because of the additional workload due to our employers not hiring people. It's cheaper to pay a little overtime here and there, rather than hire a new full time worker, pay benefits, etc etc. I think we're just seeing more of employers running their people ragged.

Been happening since 08 in the DoD field.  Contracts are not being awarded for the most part.  Some are not getting the additional funding they thought.  Some have got funding and are holding on to it to see what happens next.  If they can get the work done by distributing it around and give people more work, then they aren't going to hire anyone.   
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Courage is only fear holding on a minute longer.--George S. Patton

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GarMan

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Re: The Stimulus Worked, GarMan!
« Reply #7 on: September 01, 2011, 12:26:51 PM »
Been happening since 08 in the DoD field.  Contracts are not being awarded for the most part.  Some are not getting the additional funding they thought.  Some have got funding and are holding on to it to see what happens next.  If they can get the work done by distributing it around and give people more work, then they aren't going to hire anyone.

All of the employers are taking advantage of it, except for the government of course.  Contractors and consulting firms are another story.  Most figure that you're not going to find another job opportunity easily. 
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My rule of life prescribed as an absolutely sacred rite smoking cigars and also the drinking of alcohol before, after and if need be during all meals and in the intervals between them.  - Winston Churchill

Eating and sleeping are the only activities that should be allowed to interrupt a man's enjoyment of his cigar.  - Mark Twain

Nothing says "Obey Me" like a bloody head on a fence post!  - Stewie Griffin

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."  - Ayn Rand

GarMan

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Re: The Stimulus Worked, GarMan!
« Reply #8 on: September 01, 2011, 12:29:38 PM »
Unfortunately, I don't see a Republican like Reagan now, who can unfuck the situation.

I don't agree.  There are a few possibilities with the sense to influence economic growth, but the "front-runners" don't impress me at all. 
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My rule of life prescribed as an absolutely sacred rite smoking cigars and also the drinking of alcohol before, after and if need be during all meals and in the intervals between them.  - Winston Churchill

Eating and sleeping are the only activities that should be allowed to interrupt a man's enjoyment of his cigar.  - Mark Twain

Nothing says "Obey Me" like a bloody head on a fence post!  - Stewie Griffin

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."  - Ayn Rand

Re: The Stimulus Worked, GarMan!
« Reply #9 on: September 01, 2011, 12:53:09 PM »
I don't agree.  There are a few possibilities with the sense to influence economic growth, but the "front-runners" don't impress me at all.

Yes, the more I think about it, it's the "front runners" that disappoint me.
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Re: The Stimulus Worked, GarMan!
« Reply #10 on: September 01, 2011, 12:54:18 PM »
Contractors and consulting firms are another story.  Most figure that you're not going to find another job opportunity easily.

Preach on.  I've been looking for almost 2 years at something that pays decent for me to stop traveling.  Nothing.
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GarMan

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Re: The Stimulus Worked, GarMan!
« Reply #11 on: September 01, 2011, 01:07:02 PM »
Preach on.  I've been looking for almost 2 years at something that pays decent for me to stop traveling.  Nothing.

Tell me about it...  I'm in the exact same situation.  I do finally have an interview with a recruiter on Friday but it's still a road warrior opportunity.  Hopefully, I'll be moving from a systems implementation role to more of a management consulting role. 
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My rule of life prescribed as an absolutely sacred rite smoking cigars and also the drinking of alcohol before, after and if need be during all meals and in the intervals between them.  - Winston Churchill

Eating and sleeping are the only activities that should be allowed to interrupt a man's enjoyment of his cigar.  - Mark Twain

Nothing says "Obey Me" like a bloody head on a fence post!  - Stewie Griffin

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."  - Ayn Rand

Re: The Stimulus Worked, GarMan!
« Reply #12 on: September 01, 2011, 01:22:36 PM »
Tell me about it...  I'm in the exact same situation.  I do finally have an interview with a recruiter on Friday but it's still a road warrior opportunity.  Hopefully, I'll be moving from a systems implementation role to more of a management consulting role.

What software do you install?  I've been doing PeopleSoft implementations for 14+ years.
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Re: The Stimulus Worked, GarMan!
« Reply #13 on: September 01, 2011, 01:33:38 PM »
Yeah, working more hours because of the additional workload due to our employers not hiring people. It's cheaper to pay a little overtime here and there, rather than hire a new full time worker, pay benefits, etc etc. I think we're just seeing more of employers running their people ragged.

What the hell is overtime?
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Five statements of WISDOM
1. You cannot legislate the poor into prosperity, by legislating the wealth out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it.
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friends, is the beginning of the end of any nation.

Tarheel

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Re: The Stimulus Worked, GarMan!
« Reply #14 on: September 01, 2011, 01:39:18 PM »
Unfortunately, I don't see a Republican like Reagan now, who can unfudge the situation.

I pointed this out sometime last week but I heard Marco Rubio's speech at the Reagan Library last Tuesday and it was remarkable; while I would not say that he was channeling Reagan he certainly resonated with me as the kind of man that Reagan was.  I certainly wish that he would run but he may well end up as a VP running-mate for the eventual nominee.
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The question isn't who is going to let me; it's who is going to stop me. 
-Ayn Rand

The problem with socialism is that eventually you run out of other people's money.
-The Right Honourable Margaret Thatcher

The government solution to a problem is usually as bad as the problem.
-Milton Friedman

The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'
-Ronald Reagan

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.
-Thomas Jefferson

GarMan

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Re: The Stimulus Worked, GarMan!
« Reply #15 on: September 01, 2011, 01:42:36 PM »
What software do you install?  I've been doing PeopleSoft implementations for 14+ years.

Recently, I've been more focused on niche solutions for ICM/SPM using Callidus, Varicent and Oracle IC, but I've also worked on Oracle e-Biz and PeopleSoft implementations.  The ICM/SPM solutions also require considerable integration with HR, Payroll and A/P functionality provided by the larger software solutions. 
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My rule of life prescribed as an absolutely sacred rite smoking cigars and also the drinking of alcohol before, after and if need be during all meals and in the intervals between them.  - Winston Churchill

Eating and sleeping are the only activities that should be allowed to interrupt a man's enjoyment of his cigar.  - Mark Twain

Nothing says "Obey Me" like a bloody head on a fence post!  - Stewie Griffin

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."  - Ayn Rand

Snaggletiger

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Re: The Stimulus Worked, GarMan!
« Reply #16 on: September 01, 2011, 01:52:05 PM »
Whatever...I just took a job setting up beach chairs and umbrellas in front of a hotel in Destin.  I keep all tips.  The work's a little seasonal but the tips are skrate up gravy, bitches.
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AUTiger1

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Re: The Stimulus Worked, GarMan!
« Reply #17 on: September 01, 2011, 02:26:59 PM »
All of the employers are taking advantage of it, except for the government of course.  Contractors and consulting firms are another story.  Most figure that you're not going to find another job opportunity easily.

By DoD, I mean contractors.  I don't work for the gov't.  I don't think I would want to.

Contractors are not hiring right now, even the ones that have money and those that have been awarded new contracts are not hiring many.  What more are doing are pulling at risk contract people into these jobs at either the same pay or a bit of a paycut.  If you are in danger of losing your job, most people would rather make 90% of what they are currently making than to make no money at all.

Our company is killing our poor admin assistant.  She is now covering our dept, which was awarded a new contract to go along with the current task order.  Then Business Development also pulls her down for work instead of hiring someone full time.  No raise, no promotion, but more than twice the work.  She is also salary so it doesn't matter if she works 80 hours or 40 hours, she makes the same. 
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Courage is only fear holding on a minute longer.--George S. Patton

There are gonna be days when you lay your guts on the line and you come away empty handed, there ain't a damn thing you can do about it but go back out there and lay em on the line again...and again, and again! -- Coach Pat Dye

It isn't that liberals are ignorant. It's just they know so much that isn't so. --Ronald Reagan

GH2001

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Re: The Stimulus Worked, GarMan!
« Reply #18 on: September 01, 2011, 11:36:50 PM »
Yes, the more I think about it, it's the "front runners" that disappoint me.
Yep...the media is once again (mainly Fox) pushing some neocons to the front like they did McCain, Giuliani and Romney in 2008.

Get ready to hear non-stop Perry and Romney the rest of the year. Let's fuck this up again like we did in 2008.... :facepalm:
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