Sign in to follow this  
Followers 0
fishweewee

Obama says stim created or saved 2 million jobs

Rate this topic

21 posts in this topic

oh, this is gonna be good.

 

cwm27.gif

 

http://news.yahoo.com/s/ap/20100113/ap_on_bi_ge/us_obama_jobs/print

 

White House credits stimulus with up to 2M jobs

 

By MARK S. SMITH, Associated Press Writer Mark S. Smith, Associated Press Writer

38 mins ago

 

WASHINGTON, President Barack Obama is trumpeting a new White House estimate that his top economist calls "stunning": His stimulus plan has already created or saved up to 2 million jobs.

 

The analysis is part of the administration's quarterly report to Congress on the controversial $787 billion package of spending and tax cuts he signed weeks after taking office.

 

Obama planned to highlight the report Wednesday during a visit to a Lanham, Md., training center for union electricians that specializes in "green" technology.

 

Republicans have denounced the stimulus plan as an expensive flop, pointing to a national unemployment rate stuck at 10 percent and December figures showing the economy shed 85,000 more jobs.

 

But the report from the President's Council of Economic Advisers said the economy is a lot better off than it would have been without the stimulus. Citing its own analysis plus a range of private sector summaries, the council estimated the annual growth rate last year would have been roughly 2 percentage points lower, and there would have been 1.5 million to 2 million fewer jobs.

 

"That's truly a stunning and important effect", Christina Romer, the council's chairwoman, said in a conference call with reporters. "It has done exactly what we have anticipated it would do."

 

The report also said over half the stimulus plan's cash and tax breaks have now been spent or otherwise committed. Critics warned the cash would arrive too late to do much good.

 

On Friday, when the December jobs report was issued, Obama acknowledged a setback.

 

"The road to recovery is never straight," he told reporters. "We have to work every single day to get our economy moving again."

 

The president's visit to the training facility in the Washington suburbs is part of a renewed focus on jobs ahead of his State of the Union speech.

 

While defending the stimulus plan and its impact, Obama has sought to build support for fresh job-creation measures, including tax breaks for hiring, additional public works spending and incentives for weatherizing homes - the so-called Cash for Caulkers program.

 

Some of these are in the $75 billion Jobs for Main Street Act that the House has already passed. The Senate is expected to take it up soon.

 

Obama has also signaled he'd like the job-creation to focus on the burgeoning market for energy technologies that also fight global warming.

 

The Lanham center - run by the International Brotherhood of Electrical Workers and the National Electrical Contractors Association - teaches electricians how to install solar panels and retrofit buildings with energy-saving automation. There also are courses on wind and geothermal energy.

 

Last week, Obama announced $2.3 billion in tax credits to promote clean-energy jobs, paid for out of his stimulus plan. He also urged $5 billion in future spending on green manufacturing.

 

"Building a robust clean energy sector is how we will create the jobs of the future," he said.

 

The White House jobs analysis said the actual number of jobs saved or created by direct cash grants comes to 640,000. But it stressed the figures are only current through the end of September and do not include "multiplier" effects as the increased spending ripples through the economy.

 

However, the administration's method of counting jobs has been controversial, and starting with fourth-quarter figures, it's adopting a new one - giving up trying to determine if a job has been created or saved, and reporting only that it's funded by the stimulus. The change was ordered quietly last month in a memo to federal agencies.

 

The new rules follow analyses by The Associated Press and others that uncovered flaws that overstated the actual job numbers by thousands.

 

The administration says the new counting method streamlines the process and responds to complaints from grant recipients that the reporting rules were too complex.

 

Romer, meanwhile, said the stimulus is well on its way to meeting Obama's stated goal of saving or creating 3.5 million jobs. "We are very much tracking what we anticipated," she said.

 

Share this post


Link to post
Share on other sites

Has anyone ever come forth to say their job was saved? anyone? any company? any sector outside of a goverment job of course?

Share this post


Link to post
Share on other sites

As with the environmental phonies cooking the books, the admin. has already been caught cooking the books claiming job gains in phony zip codes, monies going to places that don't exist, etc., etc.

 

The porkulus has already proven to not create any jobs so far. Bush's infusion of phony money may have helped "stabilize" the banking segment late in 2008 but that's about it. We're in deep do do and Obama's philosophy and policies of big government/trying to spend our way out with monopoly money is disasterous.

 

Making up phony lies which are very transparent, only makes it worse. Speaks of panic.

Share this post


Link to post
Share on other sites
View PostHas anyone ever come forth to say their job was saved? anyone? any company? any sector outside of a goverment job of course?

 

 

Well, I'm no expert, but, these things are kinda hard to measure objectively, right?

Share this post


Link to post
Share on other sites

They've been caught posting false statements on their own websites about "jobs created" in congressional districts that do not even exist, and "spending" money in zip codes that were made up.

 

Sorry, no more of that bla bla bla. We now know better.

Share this post


Link to post
Share on other sites

This probably allowed states to pursue projects that they wouldn't have pursued without it. however the job count is a complete fabrication.

 

All the jobs that are being referred to are very low paid jobs if any.

 

This is doublespeak at it's finest.

Share this post


Link to post
Share on other sites

The C & P at the beginning of this thread is only half the story. The Obama machine has quietly changed the way they count jobs created or saved by the stimulus. Now if you get a dollar of stimulus money in your paycheck, your job is counted. MORE smoke and mirrors. You can't turn your back on this gang for a second!

Below is the Associated Press article with the details of the accounting change.

 

By BRETT J. BLACKLEDGE, Associated Press Writer Brett J. Blackledge, Associated Press Writer- Tue Jan 12, 9:31 pm ET

WASHINGTON, The White House has abandoned its controversial method of counting jobs under President Barack Obama's economic stimulus, making it impossible to track the number of jobs saved or created with the $787 billion in recovery money.

Despite mounting a vigorous defense of its earlier count of more than 640,000 jobs credited to the stimulus, even after numerous errors were identified, the Obama administration now is making it easier to give the stimulus credit for hiring. It's no longer about counting a job as saved or created; now it's a matter of counting jobs funded by the stimulus.

That means that any stimulus money used to cover payroll will be included in the jobs credited to the program, including pay raises for existing employees and pay for people who never were in jeopardy of losing their positions.

The new rules, quietly published last month in a memorandum to federal agencies, mark the White House's latest response to criticism about the way it counts jobs credited to the stimulus. When The Associated Press first reported flaws in the job counts in October, the White House said errors were being corrected and future counts would provide a full and correct accounting of just how many stimulus jobs were saved or created.

The new rules are intended to streamline the process, said Tom Gavin, spokesman for the White House's Office of Management and Budget. They came in response to grant recipients who complained the reporting was too complicated, from lawmakers who complained the job counts were inconsistent and from watchdog groups who complained the information was unreliable, Gavin said

But the result of the new rules will be that future claims of job creation from the stimulus will be even more misleading, said Rep. Darrell Issa, the ranking Republican on the House Oversight and Government Reform Committee.

"It is troubling that the administration is changing the rules and further inflating the Recovery Act's impact and masking the failure of the stimulus to produce sustainable economic growth or real job creation," Issa said in a letter sent last week to the government board monitoring stimulus spending.

Recipients of recovery money no longer have to show that a job would have been lost without the stimulus help, and they no longer are required to keep an ongoing tally of jobs saved or created. The new rules allow stimulus recipients to limit the job tally to quarterly reports, making it impossible to avoid double-counting a job that was created in one quarter and continued into the next.

Share this post


Link to post
Share on other sites
View PostHas anyone ever come forth to say their job was saved? anyone? any company? any sector outside of a goverment job of course?

 

I did a bunch of military work in the following months. I dontt hink my job was saved though cause my seniority would mean others would be laid off first.

 

 

I did the drawings. Maybe the installation people had their jobs saved if they had no other work lined up. Cant really prove it.

 

 

So I saw work that was funded by the stim plan. I would say some jobs were saved no doubt cause some of the work would not have happened without it.

 

 

But the number being millions or whatever Obama says is BS. Yes jobs were saved. How many? Who knows. Also what did each job cost? A saved job may do more harm then good if it costs too much.

 

 

Obama should really shut up about jobs saved. No one wants to hear anything of the sort. All I want to hear is we are finally expanding jobs. Untill that happens, Obama should shut up and keep talking to everyone on how to expand jobs.

Share this post


Link to post
Share on other sites

If the effect of the stimulus is only temporary (which it arguably is), and we either revert to a double dip recession or suffer further job losses, does that mean Obama can continue to claim victory?

 

I don't think the story is quite over yet ...

Share this post


Link to post
Share on other sites

How many jobs are in the system? Bush gets to claim the fame for basically saving 90% of the jobs in our system when he went ahead and started the bailouts. As unpopular as the bailouts are they did pull the economy away from the brink and give him credit for not just throwing his hands up and saying let the next guy worry about it.

 

Obama, gets to claim he saved jobs with the stimulus. You could never actually count that number because who knows for sure. What basically happened is many people who would have been layed off in the construction sector got to keep standing around watching another guy work. Sure, maybe those jobs were saved but when the stim money is gone so will their job. So did they really save any jobs? I say no. Maybe for a year but eventually those people who worked in bloated sectors who got bailed out will be gone eventually anyway. Males without higher education are going to take this reccession a lot harder than any other segment of the pop.

 

Gotta find a way to spin spin spin because thats what politicians do. I wonder what the sentiment will be when the economy starts adding jobs? I can't see how it will myself but apaprently many think the 2nd half of this year will see us start adding jobs.... Obama will be around for another 3 years and you can pretty much bet that employment will be a lot lower and we will be adding jobs towards the end of his term. Who's gonna get the creditcwm13.gif You guessed it.

 

John

Share this post


Link to post
Share on other sites
View PostAs unpopular as the bailouts are they did pull the economy away from the brink

 

 

Do we really know that for a fact?

 

Maybe we needed things to blow up to clear the air.

 

Now we have garbage on life support.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to register here in order to participate.

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.