Apr 14, 2009 2:28pm

Today’s Qs for O’s WH

TAPPER:  In January, Dr. Romer, representing your incoming administration, put out a paper talking about the need for the stimulus package. And in it, she anticipated unemployment rates without the stimulus package basically where they are right now. In other words, it was a — I don’t want to call it a rosy scenario, but it was a more optimistic projection than what turned out to be.  Are you guys…

GIBBS:  What was the — I don’t — I…
   
TAPPER:  She predicted that the unemployment rate was, right now, would be what it actually is if the stimulus package didn’t pass.
   
GIBBS:  Right.
   
TAPPER:  So my question is knowing that, being able to look at what the projections were in January and see that they’re actually there — slightly more optimistic than reality has proven…
   
GIBBS:  Well…
   
TAPPER:  Do you think…
   
GIBBS:  Go ahead.
   
TAPPER:  Well, do you think that there needs to be more action taken on stimulating the economy now that the rubber has met the road, so to speak?
   
GIBBS:  Well, I think, to some degree, that curve, at least in the short term, the scenarios might well as easily matched each other based on the notion that when those figures were made, I think, in many ways, for a December meeting that the transition had to lay out a plan for developing that recovery, I think the bill did not get signed into law until — if I remember — the 12th or so of February.

I think, obviously, it’s going to take some time to get that spending into the bloodstream of the American economy.  That having been said, I think — as you saw the president yesterday give people a progress report on the ability to get that money into the economy quickly, to do it in a way that was ahead of schedule and under budget, particularly, in highway and road projects, which are not terms you generally see within a few words of a highway project.
   
But I think the president is encouraged that the spending and the recovery plan are kicking in.  Dr. Romer said this morning and I said yesterday that we’re likely to see many more months of hundreds of thousands of jobs lost.  I don’t think — I don’t think anybody’s under the illusion that, particularly, as it relates to the employment statistics or the employment market, that we’re going to see an instantaneous turn around.
   
But the president and Dr. Romer and the entire economic team are pleased that we’ve taken steps to address the downturn in demand, to do that in a way that they believe will save or create three and a half million jobs and move from recession to recovery. I think the president expanded on that today by discussing, again, what he believes has to be done in order to lay a strong foundation for continued long-term economic growth, which is the goal.

   
TAPPER:  If I could just do a follow-up on something you just said that the president said yesterday when announcing the 2,000th project as part of the transportation stimulus dollars. How many of those have actually started?  I recognize it’s 2,000 projects have been approved.  But how many have actually started?
   
GIBBS:  I can certainly look for a number.  I think what we highlighted was the fact that you’ve got bids that are coming in. You’ve got the acceptance of a bid.  But I can get exact numbers in terms of how much ground has actually been broken.

– jpt

User Comments

It would never occur to them that taking less action might be more helpful than taking more, and indeed it might have been more helpful than the action they have taken thus far.
Recall that the non-partisan Congressional Budget Office predicted that, in the absence of a stimulus, the recession would be over some time this summer.

Posted by: Fascist Hyena | April 14, 2009, 2:44 pm 2:44 pm

“Cherry Hill, NJ has cobbled together the state and federal money needed to install rooftop solar panels at the town hall, the centerpiece of the township’s long-term environmental plan.
U.S. Sen. Frank Lautenberg (D., N.J.) stopped at the Cherry Hill Municipal Building yesterday to announce $285,000 in federal funding that he said he had secured through the Omnibus Appropriations Act signed by President Obama in February.
The total cost to purchase and install the panels on the 19,400-square-foot roof is about $1 million. The balance of the money will come from a $720,000 Energy Efficiency and Conservation Block Grant, a federal Department of Energy program created by U.S. Sen. Robert Menendez (D., N.J.) and funded through the economic-stimulus package.
The panels, which are to be installed by year’s end, are expected to reduce the municipal building’s monthly electric bill to $5,000 from $8,000, township spokesman Dan Keashen said.”
\\\=====///
Total Costs: $1,000,000
Savings: $36,000/year
Payback: 27.78 years (simplified)
\\\=====///
There is NO WAY this project would get approved in the private sector with a payback as lousy as this. NO WAY.
Our tax dollars posing as “stimulus”.
I’m psyched.

Posted by: tjp612 | April 14, 2009, 2:47 pm 2:47 pm

In other words, the stimulus was indeed a waste of money and nothing more than payback for support of Obama to special interests. Any recovery happening has nothing to do with Obama or the stimulus and we’re recovering in spite of them, not because of them.

Posted by: Oh Please | April 14, 2009, 2:47 pm 2:47 pm

Fascist Hyena…we both know all the cash flowing out of D.C. that will bankrupt our future is dedicated to a payback for support during campaign and to favored constituencies. Witness:
“Illinois snags chunk of fed stimulus work” (April 13, 2009)
“(Crain’s) — Illinois is getting a jump on the federal stimulus program, claiming more than 12% of the road and bridge projects approved so far by the U.S. Department of Transportation.
Illinois has obligated $605.2 million for the projects approved so far, she added, out of the $935 million available to the state for road and bridge work. Illinois transportation officials hope to garner extra money that will be redistributed if other states can’t use theirs within the act’s strict deadlines.”

Posted by: tjp612 | April 14, 2009, 2:56 pm 2:56 pm

“Payback: 27.78 years (simplified)”
Jobs: immediate.
Stimulation for solar industry: immediate.
Simplified.

Posted by: R Mutt | April 14, 2009, 2:59 pm 2:59 pm

Why do right wingers always leave off information?
Also part of the Cherry Hill project
Cherry Hill expects to get a $280,000 rebate from the state on the solar panel installation costs.
As part of the project, the township’s 30-year-old heating and cooling system also will be replaced. Any remaining funds, Keashen said, would go toward fulfilling recommendations from an audit the township is undertaking to find more environmentally efficient ways to operate.

Posted by: Ryan C | April 14, 2009, 3:10 pm 3:10 pm

tjp612:”\\\=====///
Total Costs: $1,000,000
Savings: $36,000/year
Payback: 27.78 years (simplified)
\\\=====///
There is NO WAY this project would get approved in the private sector with a payback as lousy as this. NO WAY.”
Don’t be a hack. “As part of the project, the township’s 30-year-old heating and cooling system also will be replaced.” So a portion of that money is replacing the building’s HVAC. If it’s like any of this sort of project I’ve been on, they’ll also put on a new roof in that budget (with an extended guarantee thanks to the solar cell shading and protection), not to mention replace the main panel.
These sorts of projects ARE done in the private sector, but they actually run the numbers and make an informed decision.

Posted by: jhw539 | April 14, 2009, 3:12 pm 3:12 pm

“Jobs: immediate.
“Stimulation for solar industry: immediate.”
Tell us about those jobs. Who will be hired to do what? What is the “solar industry?” What does it build? How profitable is it? How many people buy its products now? Will they buy more of them if the industry is “stimulated,” and if so, why?
Bear in mind that sales of solar products today are not depressed because their products can’t be built fast enough. Right now they are building all that people want to buy.

Posted by: Fascist Hyena | April 14, 2009, 3:14 pm 3:14 pm

Facist Hyena:”Tell us about those jobs. Who will be hired to do what? What is the “solar industry?” What does it build? How profitable is it? How many people buy its products now? Will they buy more of them if the industry is “stimulated,” and if so, why?”
Please everyone, spoon feed him a detailed, very simple answer to every possible question he can raise and then I’m sure he’ll make a rational reassessment of his position.

Posted by: jhw539 | April 14, 2009, 3:18 pm 3:18 pm

“It all depends on the meaning of the word ‘glimmer’”

Posted by: drjohn | April 14, 2009, 3:19 pm 3:19 pm

“Any remaining funds, Keashen said, would go toward fulfilling recommendations from an audit the township is undertaking to find more environmentally efficient ways to operate.”
Oh, how marvy! Let’s see…will the Mayor’s brother-in-law head up the audit? If this project is worth doing, why hasn’t Cherry Hill done it? Why sould people in Owensboro, Kentucky be asked to pay for it?

Posted by: Fascist Hyena | April 14, 2009, 3:19 pm 3:19 pm

“I think, obviously, it’s going to take some time to get that spending into the bloodstream of the American economy.”
Hey Gibbs!
You guys appropriated only $110 billion for this year! You shoulda read the bill!
Of course, the peak appropriation year is next year- ELECTION year.

Posted by: drjohn | April 14, 2009, 3:21 pm 3:21 pm

“Please everyone, spoon feed him a detailed, very simple answer to every possible question he can raise and then I’m sure he’ll make a rational reassessment of his position.”
Translation: I have no idea what those jobs will be, nor what they will produce, nor why they will produce whatever it is.

Posted by: Fascist Hyena | April 14, 2009, 3:21 pm 3:21 pm

“…it’s going to take some time to get that spending into the bloodstream of the American economy.”
Perhaps. But it only takes a nanosecond to get it out of that bloodstream so that the feds can put it back somewhere else in the fullness of time. Except for the part that will have to be taken out by borrowing gigantic sums that must be paid back over the next thirty years. Who will pay for the US debt?

Posted by: Fascist Hyena | April 14, 2009, 3:23 pm 3:23 pm

Facist Hyena:”Translation: I have no idea what those jobs will be, nor what they will produce, nor why they will produce whatever it is. ”
Not really, I have worked for some of these folks and frequently have solar projects. I’m just amused by the “make them waste their time” empty rhetoric you’re employing. Everyone knows that many big solar companies are American companies (like Sunpower), everyone knows that they do some offshoring like everyone else, everyone knows that a lot of solar power cost is local installation labor – everyone but you. Who needs a detailed essay compiled that you will then ignore.

Posted by: jhw539 | April 14, 2009, 3:27 pm 3:27 pm

OK, I’ll give that I overlooked the inclusion of replacement of the HVAC system. But here is the valid point that has been made on my behalf:
“These sorts of projects ARE done in the private sector, but they actually run the numbers and make an informed decision.”
And thus the problem with “investments” made by government: Government has a history of decision-making based on politics rather than sound stewardship of taxpayer money.

Posted by: tjp612 | April 14, 2009, 3:33 pm 3:33 pm

tjp612:”"These sorts of projects ARE done in the private sector, but they actually run the numbers and make an informed decision.”
And thus the problem with “investments” made by government: Government has a history of decision-making based on politics rather than sound stewardship of taxpayer money. ”
Actually, the government bureaucrats really put us through the wringer to justify the payback of project. We sometimes use the government created Building Life-Cycle Cost Program (BLCC – public domain since it was written with taxpayer dollars) on other jobs to provide detailed economic analysis and life cycle costing. For a government building, a net present value over 30 years is a reasonable metric. They can often predict that City Hall will be in use for the next 50 years, so if an investment pays off in 20 (with an appropriate NPV analysis and discount rate), it is in fact a prudent investment.
It is VERY common that private sector companies only look three years out. So if paying an extra $10k now will save them $3k a year for the next 30 years, they won’t do that. In my experience (which is all non-military projects so far), the government is far more prudent than private industry with regards to building efficiency investment.

Posted by: jhw539 | April 14, 2009, 3:52 pm 3:52 pm

“It is VERY common that private sector companies only look three years out. So if paying an extra $10k now will save them $3k a year for the next 30 years, they won’t do that. In my experience (which is all non-military projects so far), the government is far more prudent than private industry with regards to building efficiency investment.”
Good point.

Posted by: Ryan C | April 14, 2009, 3:57 pm 3:57 pm

So are you boys advocating that government entities at all levels do a better job of spending tax payer money than private industry?
I’ve consulted to federal, state, and local entities (but my background is in private sector). From my experience, their is no comparison…

Posted by: tjp612 | April 14, 2009, 4:05 pm 4:05 pm

tjp612:”So are you boys advocating that government entities at all levels do a better job of spending tax payer money than private industry?”
Don’t over expand the scope of what I’m saying. No, government in general lacks accountability and tends to pick up deadwood (the almost vindictive voter driven restrictions – like no personal call on your office phone during lunch – also seem to encourage this). But in the area of building investment (my personal field), yes they do better than many private entities. Foundations in the private sector are perhaps the best; they also take the long view. Many private companies are too focused on the 3 year window to make investments in quality buildings.

Posted by: jhw539 | April 14, 2009, 4:14 pm 4:14 pm

$3.2 Trillion dollars.
He quadrupled Bush’s one-year budget deficit in one fell swoop of his pen when he signed the $2.5 trillion dollar budget for 2010. Add to that the $750 Billion dollar stimulus bill, plus the 2nd half of TARP, the back-door money to AIG and we are WAY over $3 Trillion.

Posted by: how much more | April 14, 2009, 4:16 pm 4:16 pm

“So are you boys advocating that government entities at all levels do a better job of spending tax payer money than private industry?”
No more than you are advocating that private industry is superior to government in all facets….oh wait a minute.

Posted by: Ryan C | April 14, 2009, 4:28 pm 4:28 pm

how much more:”He quadrupled Bush’s one-year budget deficit in one fell swoop of his pen when he signed the $2.5 trillion dollar budget for 2010. ”
The 2010 budget has not even been submitted – are you referring to the 2009 budget submitted by Bush but only recently (finally) finished by Congress?
And I suppose you’re also charging to Obama the $700 billion TARP expense demanded by the Republican Administration and authorized by Congress (and half spent) under Bush? There is no possible justification for doing so, but somehow I don’t think that’s an issue for you.

Posted by: jhw539 | April 14, 2009, 4:29 pm 4:29 pm

“No more than you are advocating that private industry is superior to government in all facets….oh wait a minute.”
I’d be interested in your take… Unfortunately, sectors of government that do perform well (e.g., the U.S. military) are being cut while sectors that do not perform well are being expanded…
How many government employees do you know who are underutilized? Overpaid (vs. similiar work in private sector)? If you work (or have ever worked) for the government, tell me what it’s like in August & September of every year when government agencies are in often in an all out rush to throw money at anything and anyone to clear their account (“if you don’t spend it, you lose it” and it – unspent portion – will likely be deducted from next year’s budget). There is little/no accountability in government for management of taxpayer $$$, nor are there many (if any) incentives for saving money. Broadly speaking, this is not the case in the private sector, which is a significant differentiator between the two.

Posted by: tjp612 | April 14, 2009, 4:35 pm 4:35 pm

Also – Who provides better education at the primary and secondary levels: Public or Private?
If your answer is “private” and you justify solely on the basis that $$$ spent per student is consistently higher in private schools, that is a losing argument…

Posted by: tjp612 | April 14, 2009, 4:48 pm 4:48 pm

“Unfortunately, sectors of government that do perform well (e.g., the U.S. military) are being cut while sectors that do not perform well are being expanded…”
The new defense budget is 4% larger than the last one so what cut are you speaking of.
Are you claiming that projects like the airborne laser and f-22 are marks of government efficiency?
One would think the last place you would tout efficiency is in the military hardware department given the frequent cost overruns and Congressional turf used to protect said projects.

Posted by: Ryan C | April 14, 2009, 4:49 pm 4:49 pm

“If your answer is “private” and you justify solely on the basis that $$$ spent per student is consistently higher in private schools, that is a losing argument”
Its not just money, its the more exclusive nature of private schools that can refuse to accept students they do not want.

Posted by: Ryan C | April 14, 2009, 4:51 pm 4:51 pm

“The 2010 budget has not even been submitted – are you referring to the 2009 budget submitted by Bush but only recently (finally) finished by Congress?”
He’s probably talking about Obama’s FY 2010 budget as discussed, among many other places, at the OMB website
I believe that Bush’s proposed 2009 budget was never approved by congress, which instead passed a continuing resolution.

Posted by: Fascist Hyena | April 14, 2009, 4:56 pm 4:56 pm

Seems like the Press Sec should be able/required to provide back up for POTUS prior day statements.
Ever get copies of the waivers?

Posted by: smith | April 14, 2009, 4:58 pm 4:58 pm

The unemployment numbers have been adjusted regularly and are confusing to say the least. I like the Tapper question framed like that ..if we didn’t have the stimulus.. ..guess it would infer that the stimulus isn’t really a good way to augment employment (something many pundits put forth from the git-go)

Posted by: DontGet818OnMeNow | April 14, 2009, 5:01 pm 5:01 pm

“Its not just money, its the more exclusive nature of private schools that can refuse to accept students they do not want.”
Wow…you really are out there…I now understand why you use the term “right-winger” so much – From your perspective just about everyone falls under “right-wing” category.
Regarding your other post, all you did was attack my position rather than back any argument of your own. I’ll continue to back my assertion that the government can provide for defense of the country better than the private sector (which was my point that there are sectors where the government management is better than private, but overall the level of talent in the private sector is superior to that in the government sector – broadly speaking, of course).

Posted by: tjp612 | April 14, 2009, 5:08 pm 5:08 pm

If the Government is looking for a way to get money into the system a simple solution would be to stop the bailouts and hand the money [back]to the people.

Posted by: david | April 14, 2009, 5:12 pm 5:12 pm

“I now understand why you use the term “right-winger” so much – From your perspective just about everyone falls under “right-wing” category.”
Not at all.
So what is your argument as to why private schools (not religious education as they tend to perform worse than public school in testing) perform better than public ones if it is not do to money spent and the ability to choose one’s students?
Do you believe private schools accept anyone as long as you have the tuition money?

Posted by: Ryan C | April 14, 2009, 5:25 pm 5:25 pm

david:”If the Government is looking for a way to get money into the system a simple solution would be to stop the bailouts and hand the money [back]to the people.”
How exactly would that deal with the collapse of the commercial banking system, shutting down the majority of small businesses in America within a week and canceling all credit cards potentially overnight? Are you proposing full nationalization of all the banks in conjunction with your plan of doing more of the tax cuts Bush did that helped get us into this mess? And just how low do you want taxes to go, bearing in mind their historic low point at the moment (lower than under Reagan for the top brackets who have appreciable capital gains)?

Posted by: jhw539 | April 14, 2009, 5:27 pm 5:27 pm

Bottom line – it was all a sham, charade, a lie. And us taxpayers will be paying for it for a long time.
And Jake, you let Gibbs off to easy with his “get back to you” answers.

Posted by: Sally J | April 14, 2009, 5:31 pm 5:31 pm

“Do you believe private schools accept anyone as long as you have the tuition money?”
Sorry, you don’t get any response until you address my prior points…No deflection or diversion allowed…

Posted by: tjp612 | April 14, 2009, 5:36 pm 5:36 pm

Instead of saying that he would check on the number he should have mentioned that Diversion Dog was available for interviews.

Posted by: Jeffrey | April 14, 2009, 7:11 pm 7:11 pm

Thanx for bringing the Corn thing to light..I totally missed it. My prediction of Gibbs’ future job loss may be accurate.
I wonder if the administration likes Gibbs not knowing and deflection tactics.. I don’t give Gibbs enough credit.. he’s much smarter than I thought he was.

Posted by: DontGet818OnMeNow | April 15, 2009, 7:25 am 7:25 am

We are getting robbed by the real criminals in our country. YES, I mean the politicians at local, state, and DC. Unfortunately today it seem like DC sets the example for the rest to follow. They all need to fired good or bad to send a message and hold them all accountable as well as most of the mass media. If you use big headlines to sell a story on the front page and it turns out to be false, Then the same media outlet should be required to retract and correct the story in the same fashion!

Posted by: JG | May 19, 2009, 11:12 am 11:12 am

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