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

To: J_F_Shepard who wrote (623504)	8/8/2011 5:37:36 PM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1578148

>>> They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs. The Congressional Budget Office, an independent agency, considers these estimates to be conservative." Yeah? Where are they NOW? With a trillion dollars ($500K/job) one would hope they could have found work for SOMEONE. But the reality is such jobs, to the extent they were found, were short-lived and unproductive. As you would expect. After all, it is the government throwing away taxpayer dollars, not businesses seeking productivity. A total waste of money. And the economic train wreck before us is pretty good proof of it.

To: J_F_Shepard who wrote (623504)	8/8/2011 5:43:47 PM
From: TimF	Read Replies (1) \| Respond to of 1578148

The Congressional Budget Office, an independent agency, considers these estimates to be conservative." Garbage in Garbage out. The CBO calculations assume a multiplier of over one. They assume that if you spend X the economy improves by Y. Then they run the calculations with these assumptions built in, and surprise, if you assume government spending helps, then your conclusion is that government spending helps... X Therefore X isn't much of an argument.