Sure you can. It's a multistage process. If you were expecting all the jobs to come overnight, then I'm not sure what to tell you - that's not how our economy has ever worked. Over the coming months, you'll see net job losses drop, and then turn into growth after that. The stimulus was meant to create job growth - but it wasn't meant to stop all job losses in 3 months. Potentially, yes - but again, that's how recoveries always work. They are cutting expenses because they are cutting production to eliminate inventory. So right now, they are selling more than they are producing. Eventually, they will run short on inventory - that's when the job growth starts because they have to ramp up production to keep up with demand.
Of course not - because you don't have any interest in facts, reality, or how economics works. Fortunately, the world will go on and happily leave you to your ignorance.
Obama promised jobs from the stimulus. We don't have those jobs. Can't say the stimulus is working, brah
lol. all that new debt and the economy is still shrinking. Success! No, the economy is not getting better. The govt. just manipulated GDP by spending a lot of money it borrowed from the FED--and the economy still shrank. The fundamentals still suck. We still don't produce anything and send all our borrowed money overseas in exchange for Chinese plastic crap. God forbid we ever have another depression.
let's stay on topic, brah. Start a new thread if you'd like to debate which economic indicators are most valuable. Or you could just use the google. Your choice
stimulus isn't about the economy? or are you dodging my question let me rephrase my question, what for you is the best indicator that an economic stimulus is working
I'm currious Bigtexxx what did you think of the recovery from the 2001-02 recession when job growth lagged behind GDP and stock rise? Also wondering if employment ever get back to the levels of the late 90's during GW Bush's term?
The tax cuts are directly related to investment in something, except for Obama's one cut/credit "Make Work Pay" credit. The new home buyer credit has been a boost for home sales. Other tax cuts/credits are for making homes energy efficient, education credits, & a deduction for sales tax on a vehicle. They are tax cuts designed at spending.
I should have been more specific. I was referring to income taxes and the "let people keep more of their money" argument for stimulus. I have no problem at all with the tax cuts you mention above, which only benefit people who spend.
No we didn't. President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office. His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton’s administration and only slightly better than President George H.W. Bush did in his four years in office. Here’s a look at job creation under each president since the Labor Department started keeping payroll records in 1939. The counts are based on total payrolls between the start of the month the president took office (using the final payroll count for the end of the prior December) and his final December in office. Because the size of the economy and labor force varies, we also calculate in percentage terms how much the total payroll count expanded under each president. The current President Bush, once taking account how long he’s been in office, shows the worst track record for job creation since the government began keeping records. http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/
pretty crazy from phillyrockets link down there since Truman the top 3 jobs created per year in office are from terms under democrats. whats your opinion on that. if history is going to repeat itself it looks likes the jobs will start coming for obama soon.
