Originally Posted by The Demon (Post 17375397)

Oh good, I thought my eyes needed some checking. Imagine a tranny trying to sound intelligent. That's hilarious.

Originally Posted by directfiesta (Post 17375442)

US bailouts prevented 1930s-style Great Depression say economists

New study by economists Mark Zandi and Alan Blinder says US economic stimulus averted a worse downturn

To Washington conservatives they were egregious examples of "big government" overreach, but the White House's economic stimulus and bailout policies have saved 8.5m jobs and averted a further slump of 6.5% in US economic output, according to a study by two influential economists.

An in-depth modelling exercise by Moody's chief economist, Mark Zandi, and a Princeton University expert, Alan Blinder, paints a bleak scenario of a 1930s-style Great Depression if the US government had enacted none of its $1.7tn (£1.3tn) programmes to avert a financial meltdown.

Using historical statistical relationships and a focus on the government's impact on narrowing credit spreads, the pair found that the downturn would have continued into 2011, with unemployment peaking at 16.5% rather than last year's actual high of 10.1%.

They believe US gross domestic product would have slumped by 7.4% in 2009 and by 3.7% in 2010, producing a "peak to trough" decline of 12%, rather than the anticipated 4%. Starved of demand, shops and employers would be cutting prices and wages.

"With outright deflation in prices and wages in 2009 to 2011, this dark scenario constitutes a 1930s-like depression," says the study, entitled How the great recession was brought to an end".

Thwarting stiff opposition from Republicans in Congress, the Obama administration introduced an economic stimulus package of more than $780bn last year, adding to giveaways of $170bn by the Bush administration in 2008 that included tax refunds to tens of millions of Americans. Adding in banking-bailout measures of $600bn and smaller programmes such as the "cash for clunkers" scheme and a rescue of insurer AIG, total commitments by the US government reach $1.7tn.


rest here


yep, that is THE solution .....

don't expect debate on this, no more then in this thread ..
http://gofuckyourself.com/showthread...=980158&page=2

Time for you to start another thread , free of facys and ready for more talking points...

As for your job calculation, you are to say the least simplistic .... :1orglaugh

Originally Posted by Vendzilla (Post 17375481)

Not all economist believe that, they blame the bailouts as you call it for prolonging the great depression

Originally Posted by BlackCrayon (Post 17375422)

so you basing this on the immediate results? seems reasonable...

Originally Posted by theking (Post 17375502)

It is just a given that "experts" in any field will not be in total agreement...one in power that has to make decisions has to rely upon the consensus of the "experts".

Originally Posted by IllTestYourGirls (Post 17375505)

Actually a couple of months ago the number was around $450k per job. It is getting worse not better.

Originally Posted by The Demon (Post 17375492)

I love it how directfiesta finds only ONE source to support his view and says that's it. Idiocy at its finest. TO those who understand economics, it was government intervention that prolonged the Great Depression.

Originally Posted by theking (Post 17375523)

One can not break it down to cost per created job...it is more complex than that. Any time that large of an additional amount of money is introduced into the economy to be circulated it not only creates jobs but also save jobs...and one can only make an educated guess at how many jobs were created and how many jobs were saved. The Democrats and the Republicans will always deny the numbers presented...no matter who presents the numbers.

Originally Posted by theking (Post 17375523)

One can not break it down to cost per created job...it is more complex than that. Any time that large of an additional amount of money is introduced into the economy to be circulated it not only creates jobs but also save jobs...and one can only make an educated guess at how many jobs were created and how many jobs were saved. The Democrats and the Republicans will always deny the numbers presented...no matter who presents the numbers.

Originally Posted by Vendzilla (Post 17375534)

Yeah but the numbers presented is the ones presented by the current administration, not the GOP.
The numbers on that site have in no way bias from the GOP, it's all numbers from the Obamanation

Originally Posted by Vendzilla (Post 17375534)

Yeah but the numbers presented is the ones presented by the current administration, not the GOP.
The numbers on that site have in no way bias from the GOP, it's all numbers from the Obamanation

Originally Posted by stocktrader23 (Post 17375556)

:1orglaugh

theking put it as simply as possible and you still don't get it. It wouldn't mater if Jesus himself presented the data, you can't tell shit from it except that your simplistic view of it is wrong on many levels.

Originally Posted by stocktrader23 (Post 17375556)

:1orglaugh

theking put it as simply as possible and you still don't get it. It wouldn't mater if Jesus himself presented the data, you can't tell shit from it except that your simplistic view of it is wrong on many levels.

Originally Posted by theking (Post 17375615)

And the Administration also claims that millions of jobs have been saved because of the stimulus. I certainly am not anywhere near being an expert in this matter...but logic tells me that most certainly jobs have not only been created but jobs have also been saved...which is inevitable when that large an amount of money has been introduced into the economy.

I will leave it up to the two opposing sides to argue the numbers. I for one have a difficult time understanding how one can spend money and create greater debt...is beneficial in the long run...but I can understand how it can keep the economy going for the short run.

As I have stated before...I personally think that we will struggle along for another 10 years or so...but I can visualize a really bad ending for our economy. I also do not blame any single administration for what is currently happening...but blame every Administration/Congress since the end of the '50's but specifically blame every Administration/Congress since...and including the Reagan Administration/Congress.

Originally Posted by The Demon (Post 17375660)

If you haven't noticed already, none of us take your stupid ass seriously. Please continue embarrassing yourself by claiming everyone else is stupid and not actually backing up anything.