Previously published 10.30.2009 Most links here are broken.
In a
previous blog, just a few hours ago, I summarized the woeful mumblings and
hokum that posed as ‘predictions’ from those lackeys who stooge for Obama.[1]
Stimulus
Act of Jan 2009
“An Act: Making
supplemental appropriations for job preservation and creation, infrastructure
investment, energy efficiency and science, assistance to the unemployed, and
State and local fiscal stabilization, for the fiscal year ending September 30, 2009 , and for
other purposes.”[2] [Emphasis is mine in all quotes.]
The Christine
Romer Prophecy:
“…, even with
the large prototypical package, the unemployment rate in 2010Q4 is predicted to be
approximately 7.0%, which is well below the approximately 8.8% that would result
in the absence of a plan.”
Crystal Ball Follies
"None
of us had a crystal ball back in
December and January. I think almost every private forecaster realized that
there were other things going on in the economy. It was worse than we anticipated. " [3]
Biden[4] also acknowledged the
discrepancies in a July 5 interview with ABC's George Stephanopoulos.
"The
truth is, we
and everyone else misread the economy," Biden said. "The
figures we worked off of in January were the consensus figures in most of the
blue chip indexes out there. ... And so the truth is, there was a misreading of
just how bad an economy we inherited. Now, that doesn't — I'm not laying — it's now our
responsibility. So the second question becomes, did the economic
package we put in place, including the Recovery Act, is it the right package
given the circumstances we're in? And we believe it is the right package given the
circumstances we're in."
Romer
sandbags the Biden follies:
“Most
analysts predict that the fiscal stimulus will have its greatest impact on
growth in the second and third quarters of 2009,” Romer said. “By mid-2010, fiscal stimulus will likely be contributing
little to growth.”[5]— Christine Romer Oct. 22
A
few hours ago:
“WASHINGTON — About 650,000 jobs have
been saved or created under President
Barack Obama's economic stimulus plan, the White House said Friday, saying it
is on track to reach the president's goal of 3.5 million jobs by the end of
next year”[6]-- Gov't says stimulus saved or created 650,000 jobs By Matt
Apuzzo And Brett J. Blackledge
Now, we
learn all about how the administration calculates these 650,000. We must put forth a few caveats on our beliefs
and acceptance of the new ‘proofs’ that are bestowed upon us by Obama and his
number doodlers. But, they have an ‘independent’ group to filter out the hooey
or so they say:
“The Recovery Accountability and
Transparency Board is the independent group which oversees the tracking of all
of the data in regard to spending from The American Recover and Reinvestment
Act, aka the stimulus package. Their mission statement according to Recovery.gov is “To promote accountability by coordinating and conducting oversight of Recovery funds to prevent fraud, waste, and abuse and to foster transparency on
Recovery spending by providing the public with accurate, user-friendly
information.”[7]-- White House releases data on stimulus
jobs; 1 million jobs created or saved
Here is their pitch:
“JOBS
CREATED/SAVED AS REPORTED BY RECIPIENTS
Then crap
like this:
|
Where is
the count?
Look at
this:
“Here is what you
should know:
Governors, mayors, county executives, private businesses and
community organizations across the country submit reports to Recovery.gov so
that you can get an unprecedented look at how your taxpayer dollars are being
spent creating jobs and boosting the economy through the Recovery Act. These reports are not
from the federal government – but from the very people putting Recovery funds
to work.”
“The government has overstated by
thousands the number of jobs it has created or saved with federal contracts
under the president’s $787 billion recovery program, according to an Associated
Press review of data released in the program’s first progress report.”[9]-- http://thegovmonitor.com/world_news/united_states/white-house-reports-ap-misleads-on-recovery-act-job-reporting-13025.html
All lies? Looks like that. Where is the meat??
rycK
[1] Imaginary
Numbers in the Starry Skies and the Quest for a Crystal Ball: Our Government
Announces Job Creation Success with their Stimulus Program!
[3] Cantor and other
Republicans say Obama promised stimulus would keep unemployment rates below 8
percent “Biden also acknowledged the discrepancies in
a July 5 interview with ABC's George Stephanopoulos.
"The
truth is, we and everyone else misread the economy," Biden said. "The
figures we worked off of in January were the consensus figures in most of the
blue chip indexes out there. ... And so the truth is, there was a misreading of
just how bad an economy we inherited. Now, that doesn't — I'm not laying — it's
now our responsibility. So the second question becomes, did the economic
package we put in place, including the Recovery Act, is it the right package
given the circumstances we're in? And we believe it is the right package given
the circumstances we're in."
Biden also
acknowledged the discrepancies in a July 5 interview with ABC's George Stephanopoulos.
"The truth is, we and everyone else misread the
economy," Biden said. "The figures we worked off of in January were
the consensus figures in most of the blue chip indexes out there. ... And so
the truth is, there was a misreading of just how bad an economy we inherited.
Now, that doesn't — I'm not laying — it's now our responsibility. So the second
question becomes, did the economic package we put in place, including the
Recovery Act, is it the right package given the circumstances we're in? And we
believe it is the right package given the circumstances we're in."
[4] You got it.
It’s time to be patriotic, Kate. Time to jump in, time to be part of the deal, time
to help America out of the rut, and the way to do that is they’re still gonna
pay less taxes than they did under Reagan."—Joe Biden, plagiarist and a person who
cheated his way through Law
School Syracuse
Joe Biden
is a loathsome character and permanent politico who has several emotional
disorders, a person who got a neat home from some sweetheart deal with MBNA
officials, a person who cheated his way through Syracuse Law
School Delaware
You got
it. It’s time to be patriotic, Kate. Time to jump in, time to be part of the deal, time to help
America out of the rut, and the way to do that is they’re still gonna pay less taxes than they did under
Reagan."—Joe Biden,
plagiarist and a person who cheated his way through Law School Syracuse
[7] White House releases data on stimulus jobs; 1 million jobs
created or saved http://www.examiner.com/x-11326-Liberal-Examiner~y2009m10d30-White-House-releases-stimulus-jobs-data-1-million-jobs-created-or-saved
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