The Stimulus Saved or Created 150,000 Jobs? Where?

barry’s thinking the numbers totus told him to think. he doesn’t know they are not real. he has a very spceial relationshiip with that ‘prompter. he will believe anything totus says.

“One was to prorate the original quarterly estimates by the CEA of the effect of the stimulus bill at the time of passage ‘in a conservative way.’
“The second way was to use the data available on actual spending to replace the assumed spend-out rate. CEA then applied the same estimates of the likely impact of spending on output and employment used in the original calculations.”
Is there a literate human who believes either method tells us anything at all about jobs? The first method appears to consist of the same group of administration groupies looking at its own projections in two different ways.
The second assumes a provable, direct correlation between spending and jobs.
If you believe this stuff, folks, no one can help you.

you people wanted barry, this is what you get!!!We try to tell you….. but the world didn’t care

It is simply astonishing. Obama needs only to say something and it’s automatically fact.
Jake Tapper is about the only reporter not to just sit there and be mesmerized and repeat Obama’s lies.

I hope Fannie Mae hears about this methodology soon. Once they apply it to their 2005 projections, they will be able to prevent the housing bubble from collapsing.
Bad news for Obama, though – McCain’s people have already heard about it, they applied it to their election projections, and it turns out McCain has been President this whole time.

And each one of those jobs (if it really happened) probably cost the tax payers a rediculously huge amount of money.
So if one job costs us $200K Obama thinks that is a good thing?

Obama said it so it must be true.
This administration thrives on the stupidity of Americans.
They think we are idiots.
But why shouldn’t Obama believe that–he got elected didn’t he?

Biden didn’t say what he really meant to say.
Obama didn’t really bow.
Obama has saved 150,000 jobs based on his word alone.
Why should anyone believe this bunch of
nitwits?

This is the same math that President Obama uses to say that he has located $2 trillion in savings over the next 10 years.
An analogy that I read was that if your child is a junior in college and you are currently paying $25,000 a year for tuition; and then you project a 10-year budget including the same $25,000 in tuition for the next ten years; that when your child graduates next year and you no longer have the $25,000 college tuituion to pay; then using Obama’s math, you can claim that you have saved $225,000.

Thinking wrote: “Actually I would think to say that the stimulus package hasn’t created or saved jobs would be absurd.”
The fact is that some 130,000,000 people have NOT lost their jobs this year. So technically President Obama could claim that 130,000,000 jobs have been saved so far.

Now you are not going to tell me that the stimulus package hasn’t created or saved any jobs are you?
====
If President Obama would have declared the Stimulus Package had probably saved or created jobs, he would be on firm ground.
That isn’t what he did. They came up with a number and he presented it as a fact to the American people.
There was no requirement for him to make any such announcement. He could have left the misleading statement out of his speech. It was his choice to make, and it is best for everyone if the facts behind his assertion are known.

Since when does a president get credit for saving jobs. After 9/11 when the economy was tanking I never heard anyone say oh boy Bush saved jobs. He got credit for creating 4.8 million but I never heard anything about saving. But now all BO has to is say I saved 1 million job and it’s like they are new jobs.

I do not think 150,000 is such a large number as to be unrealistic, or misleading. I am really surprised that you guys are not scoffing at the small number.
=============
I’ve already scoffed at the small number. That’s why he keeps having to hold prime time press conferences and traveling to town hall meetings to tout the bill that’s already law.
But the idea that it’s ok for him to present a number as fact because it isn’t that big is pretty sad. This is our money being spent, and the results are pretty important.
We all want the facts, right?

Thanks Tim, most of us have been saying the same thing. We are a pimple on the earths ass. We are not as significant as we think.

I believe him, he needs 150,000 people just to haul his teleprompter around and massage his neck after each speach. President Teleprompter looks like he is watching a tennis match when he reads one of his speaches.

MayBee:”I don’t think the WH press corp would appreciate being used as a threat against private people. Sure, President Obama has a right to say what he wants, but he shouldn’t make the assumption the WH press corps will just repeat it without pushback.”
Where has he made that assumption? It’s not like he’s hired a male escort to pretend to be a reporter so he can be sure they will literally parrot what he wants them to say (like the last administration did).
The “threat” against private people is that the President will hold them accountable for their actual, real, actions. If having their business actions reported in the press shames them, then the fault is really their own. And the press corps can choose not to go along with it at any time.

“They think we are idiots.”
Obama knows his believers are idiots.

To the working class tax payer:
I agree, YEAP!!! as i see it these banks are double dipping with the financial assistance from the U.S. Government.
The banks has accepted bail out money. Country Wide itself went into forclosure (bought out by BOA) how dare them not help the homeowners that need it. If anyone wants to start up a lawsuit count me in. Even a letter signed by all the millions of homeowners unhappy with all these banks and get it to Washington.. YOU HAVE MY SUPPORT!! WE ALL NEED TO COME TOGETHER AND PROTEST IN SOLIDARITY, IMAGINE IF WE ALL WITH DREW OUR MONEY FROM THESE BANKS, ALL 9 MILLIONS AMERICANS, HAVE BANKS CORNERED AND FORCE THEM OUT OF BUSINESS AS THEY ARE FORCING US TO FORECLOSE ON OUR HOMES, HOW WOULD THEY FEEL IF THE SHOE WAS ON THE OTHER FOOT, WE THE AMERICANS CLAIM JUSTICE!!!!
There seems to be no end in sight. I agree with other poster’s…the attorney general’s office needs to be involved in this mess because it is criminal. I think banks customers should file a class action law suit for the incompetency and failure to uphold their contract with the consumer. On a different tangent…I am so sick and tired of hearing others complain that “we” as homeowners are careless looking for handouts, freeloaders, etc. I have a master’s degree in nursing, I work full time, and life’s circumstances have landed me in this position.

Thinking – At this point, the stimulus package has saved very few jobs. Whatever infrastructure projects that are being paid for were already in the pipeline ready to go. Those people were already hired & were going to do those jobs. For example, my local school district is renovating the high school. Had they broken ground in February 2009 instead of October 2008, the stimulus package would have paid for most of the project. So Obama could have claimed those jobs “saved or created” – even though the project was going to happen anyway. So because our school district did the right thing for our students, we don’t get any help. (And believe me, we need the help – it’s a rural school district with next to no commercial tax base – our property taxes are through the roof – they are cutting athletics next year to help pay for the construction).
So – no… the stimulus package is not CURRENTLY saving or creating jobs.

“And the press corps can choose not to go along with it at any time.”
Sure they can. And they can ask tough questions at his press conferences, too. (Unless they’re from a network that elected not to carry his prime-time non-event, in which case they can’t ask any questions at all.)

Loadmaster:”Someone needs to investigate now!!!”
Investigate what? Specifically, what law or ethics guideline was broken, or even stretched? Obama isn’t being nice to a hedgefund and bailing their bad investment out with taxpayer dollars – that’s gotta be against the law! Is that your argument?

“He has free speech rights too.”
The last refuge of someone who has said something that is scurrilous but who is immune from punishment for it under the First Amendment.
The president is now quite openly attempting to influence the outcome of a matter that is currently pending before a US bankruptcy court. In particular, he is asserting pressure and threats against some of the litigants.
I can remember when this would have been described by the press as “politicizing the justice system.” But that day has now passed.
When will an intrepid reporter ask this president by what authority he is assassinating people by Predator drone in Pakistan?

Fascist Hyena:”Unless they’re from a network that elected not to carry his prime-time non-event, in which case they can’t ask any questions at all.”
Pop quiz: How many different networks did President Bush give exclusive interviews during his term? OK, a harder question is how many years did it take him to take as many unscripted questions as President Obama has in 100 days. And this isn’t so much a “but Bush” (even Republicans recognize the magnitude of that disaster they rammed down our throats at this point), but to point out that Obama’s actions in this regard are just standard practice, more or less and have been for generations.
FoxNews has had the opportunity to ask several questions and will have the chance in future, and they certainly have full access to report on the conference just like everyone else in the room (the majority of who did not get questions). Alot more than the access given to far left outlets under the Republicans.

“Obama isn’t being nice to a hedgefund and bailing their bad investment out with taxpayer dollars – that’s gotta be against the law! Is that your argument?”
They were investors who bought into a US corporation and Obama rendered their investments worthless so he could hand Chrysler to the unions and make us pay for the legacy costs.

drjohn:”They were investors who bought into a US corporation and Obama rendered their investments worthless so he could hand Chrysler to the unions and make us pay for the legacy costs.”
Oh, that’s a funny one! Right – OBAMA is to blame for Chrysler! THAT’S why Chrysler went bankrupt! All the stockholders would be rolling in dough if Obama hadn’t given Chrysler money and tried to keep them out of bankruptcy!
Seriously, your rant is so far out of touch with reality there is no point debating it. Chrysler’s net worth is negative and was before Obama was elected.

“Oh, that’s a funny one! Right – OBAMA is to blame for Chrysler!”
No he’s not. He’s responsible for trampling the historic rights of secured creditors in favor of an unsecured creditor that happens to be a labor union. If he succeeds, the consequences will reverberate.
Whether he succeeds or not, Chrysler will ultimately fail again, after absorbing additional billions of taxpayer dollars.

Hey.. it’s legal now.. cuz Rahm wants it and Obama said so.. so just keep your tea party mouths shut.. robbing investors that don’t support you in the election in lieu of giving stock ownership to supporters is just plain common sense..
Obama takes over everything without need for any legal oversight.. he is the chosen one.
Like the King used to say… I like deciding which peasant gets to keep the cow…

No he’s not. He’s responsible for trampling the historic rights of secured creditors in favor of an unsecured creditor that happens to be a labor union. If he succeeds, the consequences will reverberate.
****************************************
What? It is in Bankruptcy. He tried to avoid bankruptcy, but some of the creditors decided that they can possibly do better there; it was their choice whatever happens. It was clear that Chrysler was headed there anyway.
Heck a month ago you guys were arguing about bailing them out, let them fail who cares, to heck with the investors. Your false indignation isn’t fooling anyone.

“I do not think 150,000 is such a large number as to be unrealistic, or misleading.”
Nor would it be unrealistic or misleading to estimate that one million jobs have been lost as business anticipates his tax policies, cap-and-trade, and unsustainable debt.
***************************************
You prove my point. Everyone uses estimates!

The ’150,00 created or saved jobs’ was a phoney line to begin with, and few in the press called the WH on it.
It simply can’t be proven, and could be argued any way.
The President would have been more honest by saying we should see an improvement in the unemployment rate numbers, but he couldn’t, because he knew it could then be measured.
Expect more of this from this WH…espeially the ‘payoff’ on all of the ‘investments’ he’s making with his spending programs.

Obama says he doesn’t want to own banks, but he’s buying them. He says he doesn’t want to own the auto industry and he’s buying it.
Most of the press and all of Obama’s supporters hear what he says and that’s what occupies their brains, instead of what he does.
It’s a thing of beauty, this willing suspension of disbelief.

But in a classic bankruptcy, creditors sit equally at the table. This was not a normal bankruptcy. It was a carefully designed bankruptcy that maximized union benefits and maximized losses to investors.
****************************************
The Bankruptcy was just filed there has been no conclusion or any settlements that I am aware of that has been approved by the court.
To say that this was not a normal bankruptcy is to say that it is over. The reality is that it has just started. Just because certain entities have agreed does mean that the court will agree. No the court will have to, by law, consider all parties and their claims.
Again I know that most of you didn’t care about theAutop Industry to begin with, so it is just trying to claim political points as far as you are concerned.

“Your ignorance is stunning – Chrysler IS in bankruptcy. ‘Obama’s deal’ never happened. Lets see how well the secured creditors do now, shall we? Working out deals pre-bankruptcy would have been in the best interest of the secured creditors too as bankruptcy has now diminished the assets Chrysler has available to pay out. They gambled on extorting more taxpayer cash to pay them off and lost.”
I believe you are simply out of your mind. Of course the deal didn’t happen; that is why Obama is now attempting to influence the bankruptcy proceedings, which began yesterday. The Obama deal most certainly would not have been in the non-TARP secured creditors’ best interest, which is precisely why they declined to accept it.
What would be in their best interest–and that of the taxpayers–now is for the bankruptcy court to liquidate the assets, pay the secured creditors and put this tax-dollar-grabbing monster out of its misery. If it emerges from bankruptcy as a going concern it will receive endless subsidies at the expense of the taxpayer, and will still fail. That is an utter certainty.
Obams’s porposal was made purely to benefit the UAW, which (along with the congress and the inept Chrysler management) have brough the company to where it is today.

Rev Obama seems to be out of touch with reality. His kind just think they can say whatever they want to say and everyone will believe him. (In this case about 150000 jobs) These clowns wont even define what saving/creating jobs means. They just blather out a bunch of telepromter crap.
Therefore, I dont believe him. I dont trust him. I dont like him. I dont support him.

Thinking said “Prove it or is this another estimate?”
Let’s see if you can live up to your moniker….. It takes YEARS to design highways & bridges. The projects that are underway (funded with stimulus money) had to be shovel ready. That means they had to start immediately. The only way for them to start immediately is if they were ready to be started with or without the stimulus money. If they were plans that had been shelved due to lack of funds, they would not have been ‘shovel ready, because they would have needed adjustments for current codes. It’s logical… or can’t you make those conclusions on your own?
Oh – and my proof…. the Superintendent of our school district went to our state capital to testify about another matter. On the same day as his testimony, there were representatives from the federal government there to inform the state legislature about what they had to do with the stimulus funds. Our Superintendent asked about our school renovation project and was told that if we had waited, we would have received funding because it would have been ‘shovel ready’ – it didn’t matter that we would have done it anyway.

Thinking “You prove my point. Everyone uses estimates!”
There is a difference between an ‘estimate’ (which should be based on some solid numbers with few assumptions) and a WAG – which is what Obama’s numbers appear to be (given they will not make public how they came up with the figures).

My teeth produce or save over 75% of the joy that is felt by mankind on a given day.

Of course there hasn’t. What there has been, however, is an agreement among 70% of the secured creditors to give up much of what the law entitles them to, and that agreement on their part was obtained through the leverage asserted on them by reason of their having accepted TARP funds. If the court finds that that agreement was entered into in good faith–a proposition never tested under these circumstances–it can impose it on the non-TARP secureds.
****************************************
So? Is it legal? I think the client, who is no longer ba client came to the conclusion that the said Attorney was not acting in their best interest, but in the end we will see what the court has to say. It will be interesting to see if the hedge funds get a better or worse deal.
For sure they have the right to hold out for the best deal they could get, but were they trying to get more from the Government then they would if Chrysler just filed bankruptcy? That is what if Chrysler wasn’t being backed by the Government, would they have settled with out going to bankruptcy?
It is my “estimation” that all parties are getting a better deal because the Government was involved.

“That is ENTIRELY irrelevant to the law that will govern the bankruptcy proceedings. I assume that no, you can’t cite any way this bankruptcy will be different from any other.”
It is not irrelevant for the reason I have stated: it will have to be weighed by the judge in determining whether those creditors’ agreement was secured in good faith. And because the question of that good faith is raised by the federal government’s leverage over a class of secured creditors, s I have stated it makes this case different from any other of which I am aware, although I have made it clear that perhaps there has been such a case. If there has, tell me about it, and tell me how the court ruled.

Remember when obama plagerized deval patrick’s speech ‘Just Words’ but all they had to do is spin spin spin. obama’s people are just laughing at everyone because they continue to get away with these lies, inconsistencies, and fraud – all the while stealing money from the American people.

good as usual, moderate

“figures” can lie but always rememember the liars always “figure”.

The stimulus bill does not work. It doesn’t help the Americans find jobs-this bill is to let the AMERICANS LOSE JOBS and the Democratic Party doesn’t want us to work. They are giving a free government paycheck every months from our taxpayer’s money. What’s a waste of our taxpayer’s money. It is Obama and the Democratic Party’s big government money. They don’t have economy policy. They are hurted us. It is so weak. Again, the stimulus doesn’t work. It is interest to look FACTcheck.org

Thinking – you post of 5:21 is just wrong. I was not giving an estimation, I was giving a definition. Maybe you should change your moniker. (Do you know what that is or do I have to define it for you?)

Why did BO pick such a small number?
The media/supporters would believe any number—maybe 2 million jobs.
His word is not questioned.

The press are almost completely absent in questioning the incorrect, and oftentimes deliberately misleading statements coming from this Whitehouse. Obama is quickly becoming a President no one admits to voting for, even when you’re among a large group of people and KNOW some of them must have voted for the guy! He complains more about the challenges he inherited than any President in the last century, including the one who inherited the great depression, and that too is another lie since congress has been run by the Democrats since 2006, and they are in charge of the purse strings. Obama was in there as well as a member of Congress of course…. voting FOR even more government spending than we eventually took on, voting (along with many other Democrats) FOR the first bailout that George Bush had suggested, etc. etc. Do he and the other Democrats like Pelosi, pointing fingers at the previous administration, have no shame!? He inherited what HE helped build since the President doesn’t control the money- congress does. Or Presidents didn’t used to control it, anyway. He seems to be a megalomaniac as far as power goes- forcing banks to take TARP money and then refusing to allow them to repay it? Approving bonuses a hundred times smaller than those paid out to his friends in Fannie May and Freddy Mac for A.I.G., and then criticizing them for TAKING them? The government put them in the contract for God’s sake, but to save their own skins they first acted like they didn’t know, then when confronted with Chris Dodds name on the amendment, he denied it, then he admitted to it but blamed Geitner, who denied it, but then admitted he DID put them in and then Congress voted to break a legal contract for pay that people had been laboring under that THEY THENSELVES had put in there! And the press just allowed the White house to sort of change the subject, and said “don’t look at that man behind the curtain” and all that and… stopped talking about it. Oh, except to still criticize A.I.G. on occasion, and use Democratic groups like ACORN and liberal sites like Daily Kos to astroturf fake protests in front of A.I.G. and to publish executives names so they and their families could have their lives threatened by left wing thugs. The hypocrisy in this administration is simply unbelievable. And while Michelle walks around in $550 tennis shoes, Barack actually has the nerve to criticize the people who loaned billions of dollars to Chrysler for being reluctant to make sacrifices with those same billions of dollars of their own money by only agreeing to take fifty cents on the dollar. Surely they can’t get away with such madness forever…..can they?!

Glad to see someone is noticing.
None of their numbers add up to truth telling.

“Recovery Act that has already saved or created over 150,000 jobs”
Yeah, right pal. Never mind the 2 million that have been lost. But the Orwellian bullcrap gets worse. Obama also says:
“….a housing plan that has already contributed to a spike in the number of homeowners who are refinancing their mortgages, which is the equivalent of another tax cut.”
I thought government taking less of your money was a tax cut. Silly me. Now, Government helping you refinance is a tax cut. So I guess government giving you a coupon for a digital TV converter and covering your auto warranty are also tax cuts??

Many of us knew this was pure BS hype as soon as it passed Obummer’lips but no one questioned His Grace about it. I feel so much better knowing about what “enchanted” the TOTUS about his job. Who cares about those pesky little lies about the economy and job growth? Pfffttt!

Obama is a liar from day one. He comes from one of the most corrupt political machines in the country. Why is anyone surprised that this impostor has double talked his way around having created 150,000 jobs by virtue of a bogus stimulus package? Economics 101: You can’t borrow your way out of debt. I think he ditched that class at Occidental College as an Indonesian financial aid undergrad student. Bottom line- he’s gotta go before he irreparably damages our economy and our ability to protect ourselves and our traditional allies.
He knows nothing about economics and less (if it’s possible) about statesmanship. I’ve always thought he was dangerous, a sleeper, but he is off the hook!