REAL WORLD EVENT DISCUSSIONS

Economists Agree the Stimulus Lifted the Economy

POSTED BY: KPO
UPDATED: Monday, August 11, 2014 21:42
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VIEWED: 2225
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Saturday, August 9, 2014 11:14 PM

KPO

Sometimes you own the libs. Sometimes, the libs own you.


Quote:


...

If you took your cues from the political rhetoric in Washington — or even from the occasional virulent debate in the economics blogosphere — you would think the whole question of fiscal stimulus is highly contested.

But it’s not. There’s widespread agreement among economists that the stimulus act has helped boost the economy.

The Initiative on Global Markets at the University of Chicago — hardly a hotbed of liberal or Keynesian thought — regularly surveys a number of the leading American economists about a variety of policy issues. The economists surveyed constitute a good sample of the leading economists in the nation, and the panel was chosen to be geographically diverse, to include older and younger economists, and importantly, to include Democrats, Republicans and independents.

...



http://www.nytimes.com/2014/07/30/upshot/what-debate-economists-agree-
the-stimulus-lifted-the-economy.html?rref=upshot&_r=0


36 to 1 voted that the stimulus lowered unemployment by the end of 2010, and 25 to 2 voted that the benefits of the ARRA 'exceeded the costs' (with 10 uncertain).

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Sunday, August 10, 2014 12:03 AM

THGRRI


States used the money to not lay people off. Most are clueless that it would have been so much worse without it. That said many mistakes were made. Obama let Harry Reid and Nancy Pelosi run rough shod over it creating some unnecessary problems with the Republicans.


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Sunday, August 10, 2014 7:46 AM

AURAPTOR

America loves a winner!


Well gee, as long as they VOTED that way, who can argue w/ that ?



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Sunday, August 10, 2014 10:03 AM

KPO

Sometimes you own the libs. Sometimes, the libs own you.


Quote:

Originally posted by AURaptor:
Well gee, as long as they VOTED that way, who can argue w/ that ?



"The economists surveyed constitute a good sample of the leading economists in the nation, and the panel was chosen to be geographically diverse, to include older and younger economists, and importantly, to include Democrats, Republicans and independents."

It's not personal. It's just war.

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Sunday, August 10, 2014 10:15 AM

AURAPTOR

America loves a winner!


Sure 80% Dems, 15 % Independents , 5% Republican.


Diversity !

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Sunday, August 10, 2014 11:58 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by AURaptor:
Sure 80% Dems, 15 % Independents , 5% Republican.


Diversity !

What good are economists doing? If policymakers ignore the consensus, and if policymakers's views about how the world works are completely insensitive to evidence and results, does economists's knowledge matter? If a tree falls in the academic forest, but nobody powerful in Brussels or Washington hears it, did it make a sound?

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Sunday, August 10, 2014 12:03 PM

THGRRI


Yes, but nobody in Brussels or Washington heard it. If a bear shits in the woods while he is walking away it still smells to whomever else walks by.

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Sunday, August 10, 2014 12:15 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by THGRRI:
Yes, but nobody in Brussels or Washington heard it. If a bear shits in the woods while he is walking away it still smells to whomever else walks by.

The whole point of economics is to make a difference in the larger world away from the University. If it is not making a difference, what's the point in studying economics? A long-term hope that someday somebody in power will realize that their emotions, self-confidence and primitive intuitions are not quite enough to lead well a country?

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Sunday, August 10, 2014 2:41 PM

THGRRI


Quote:

Originally posted by second:
Quote:

Originally posted by THGRRI:
Yes, but nobody in Brussels or Washington heard it. If a bear shits in the woods while he is walking away it still smells to whomever else walks by.

The whole point of economics is to make a difference in the larger world away from the University. If it is not making a difference, what's the point in studying economics? A long-term hope that someday somebody in power will realize that their emotions, self-confidence and primitive intuitions are not quite enough to lead well a country?

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly



Here, here two, I totally agree.

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Sunday, August 10, 2014 4:16 PM

KPO

Sometimes you own the libs. Sometimes, the libs own you.


Quote:

Originally posted by AURaptor:
Sure 80% Dems, 15 % Independents , 5% Republican.


Diversity !


Any evidence that this is the panel's political affiliation, or are you taking this on faith?

As noted in the article, the University of Chicago (which chose the panel) is traditionally conservative in its economics: http://en.wikipedia.org/wiki/Chicago_school_of_economics



It's not personal. It's just war.

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Sunday, August 10, 2014 9:42 PM

AURAPTOR

America loves a winner!


Quote:

Originally posted by kpo:
Quote:

Originally posted by AURaptor:
Sure 80% Dems, 15 % Independents , 5% Republican.


Diversity !


Any evidence that this is the panel's political affiliation, or are you taking this on faith?



None what so ever. Just me being a smart Alec, is all.

You put A trillion $ on credit, spend it ... ANYWHERE, and it's gonna have some sort of impact. Not as much as getting folks back to work, but what the hell. Barry had the House/Senate , and he chose to go w/ O-care instead.

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Sunday, August 10, 2014 10:19 PM

JONGSSTRAW


.. Lowest labor participation rate in 75 years.

.. Median household income in decline for six consecutive years.

.. National Debt doubled in six years.

.. Federal Reserve / U.S. Treasury continue to de-value U.S. Dollar by injecting $1 Trillion a year to stabilize Wall Street. That's the only "lifting" going on.

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Sunday, August 10, 2014 10:25 PM

CHRISISALL


Fantasy becomes reality. It's all good.

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Sunday, August 10, 2014 10:29 PM

JONGSSTRAW


Laddie ... have you ever tried Scotch? Dlink dlink my friend.

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Sunday, August 10, 2014 10:33 PM

CHRISISALL


Quote:

Originally posted by Jongsstraw:
Laddie ... have you ever tried Scotch?

I have been accused of drinking Leftist Cool-Aid....

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Monday, August 11, 2014 12:52 AM

SHINYGOODGUY


Quote:

Originally posted by AURaptor:
Well gee, as long as they VOTED that way, who can argue w/ that ?





Who voted?

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Monday, August 11, 2014 1:15 AM

MAGONSDAUGHTER


Quote:

Originally posted by THGRRI:

Here, here two, I totally agree.



Just so you know, the expression is

"Hear, hear."

As in 'hear him/her'

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Monday, August 11, 2014 1:30 AM

SHINYGOODGUY


If numbers aren't your thing (in 2009, when Obama took office,the Unemployment rate was at one point 10.2% - Average was 9.3% - Bureau of Labor Statistics. But as of August 2014, it's 6.2%)

Then maybe a little unscientific observation by yours truly:

In my neighborhood, since Obama took office, they expanded the existing shopping mall to more than 100 stores; they have since built 2 additional malls within a half mile radius and are building a high rise complex within one of those malls.

Not only that they are completing the addition of 2 eateries - Longhorn's and Olive Garden, which will bring 200 additional jobs to the area (according to the newspapers). Not to mention the stimulus to the local mom & pop stores and businesses. property values have also gone up, in addition to the rise in the fringe businesses in the immediate area.

You may not want to admit to the stimulus doing anything positive, plus you may not believe the numbers put forth by a conservative think tank, but when you look at how unemployment was once 9.3% and now buildings are going up, well that's something you can't deny. It's physical evidence of the economy moving in a positive direction.

You could say that it's not due to the stimulus. Okay, it's not due to the stimulus, or Obama. It's the tooth fairy, or Rush Limbaugh investing his millions. No matter how you look at it, something spurred on this economic shot in the arm. Tell me, as if I have to ask, what do you say. Do you think it's because of the wonderfully annoying Tea Party and their cronies, or, heaven help us, Ted Cruz's rantings, or even the brilliant machinations of the Republicans with their do-nothing strategy. Tell me, oh wise one!


SGG

Quote:

Originally posted by AURaptor:
Quote:

Originally posted by kpo:
Quote:

Originally posted by AURaptor:
Sure 80% Dems, 15 % Independents , 5% Republican.


Diversity !


Any evidence that this is the panel's political affiliation, or are you taking this on faith?



None what so ever. Just me being a smart Alec, is all.

You put A trillion $ on credit, spend it ... ANYWHERE, and it's gonna have some sort of impact. Not as much as getting folks back to work, but what the hell. Barry had the House/Senate , and he chose to go w/ O-care instead.


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Monday, August 11, 2014 10:09 AM

THGRRI


Quote:

Originally posted by Magonsdaughter:
Quote:

Originally posted by THGRRI:

Here, here two, I totally agree.



Just so you know, the expression is

"Hear, hear."

As in 'hear him/her'



Got it.

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Monday, August 11, 2014 6:58 PM

JEWELSTAITEFAN


Quote:

Originally posted by Jongsstraw:
.. Lowest labor participation rate in 75 years.

.. Median household income in decline for six consecutive years.

.. National Debt doubled in six years.

.. Federal Reserve / U.S. Treasury continue to de-value U.S. Dollar by injecting $1 Trillion a year to stabilize Wall Street. That's the only "lifting" going on.


You are denying the TRUTH. Or Pravda, or TASS, something like that.
The economy only contracted 2.9% earlier this year (the most in history). AND it only cost Trillions in debt. How can you DENY the benefits of Son of Son of Stimulus? You must be a DENIER! And a RACIST!

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Monday, August 11, 2014 9:42 PM

JONGSSTRAW


Quote:

Originally posted by JEWELSTAITEFAN:

Quote:

Originally posted by Jongsstraw:

.. Lowest labor participation rate in 75 years.

.. Median household income in decline for six consecutive years.

.. National Debt doubled in six years.

.. Federal Reserve / U.S. Treasury continue to de-value U.S. Dollar by injecting $1 Trillion a year to stabilize Wall Street. That's the only "lifting" going on.


You are denying the TRUTH. Or Pravda, or TASS, something like that.
The economy only contracted 2.9% earlier this year (the most in history). AND it only cost Trillions in debt. How can you DENY the benefits of Son of Son of Stimulus? You must be a DENIER! And a RACIST!


So glad my post can serve as source material for your unique brand of sarcasm.

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