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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (582669)	8/25/2010 6:36:12 PM
From: TimF	Respond to of 1572629

TakuanSoho 2 hours ago Disappointed? Hardly. Disappointment requires one to originally have "hopes or expectations" that the other party failed to meet. I had no such expectations, because most commentators understanding of economics is on par with their understanding of statistics, i.e. nil. So I am not disappointed :-) The funny thing is that when Romer made the original forecast she said that unemployment wouldn't top 8%. If all these jobs are created then why are we sitting at 9.5%? These are simple numbers that even a commentator should be able to understand and make them wonder where all these "created jobs" really are. The "oh it would have been worse" argument is beautiful in that it can never been disproved. I loved how fast these same commentators bought that argument as well. theatlantic.com mmac1 27 minutes ago the whole jobs created idea was a fools errand & simply a talking point the administration hoped would be parroted by the media. The only good to come out of this mess maybe that no one else will ever try to claim they saved or created X amount of jobs since there is no way to verify the claim. Your point about the futility of rerunning the model with the same inputs & exclaiming that you got the same numbers out is valid- it is just flackery. theatlantic.com

To: TimF who wrote (582669)	8/26/2010 8:08:00 AM
From: Alighieri	Read Replies (2) \| Respond to of 1572629

But if the stimulus had failed to create jobs, would the CBO's reports have picked up on this? Probably not. See, you cling to anything that fits your bias. The above is not true. The CBO mentions in their report that recipients of stimulus money above $25K are required to report jobs created as a result, and that this is factored in and is indeed the low end of their estimate. The CBO also mentions that they don't consider this reporting to be reliable enough. This is hard stuff to do and too many people, like you for instance, who talk from the bleachers but don't really know much to back up their claims are simply motivated by politics. Al