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What has Trump done right so far?

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Re: What has Trump done right so far?
Post by CRC   » Mon Mar 20, 2017 3:20 pm

CRC
Lieutenant Commander

Posts: 100
Joined: Tue Aug 18, 2015 8:45 am

Annachie wrote:2009 HR 1105, been reading the summary.

It really needs a summary of the summary.



Sent from my SM-G920I using Tapatalk


I think it needs to be written in English rather than Politish-Attornish.
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Re: What has Trump done right so far?
Post by gcomeau   » Mon Mar 20, 2017 5:28 pm

gcomeau
Commodore

Posts: 836
Joined: Tue Dec 02, 2014 5:24 pm

CRC wrote:
Tenshinai wrote:And at the time, it was more a matter of "something must be done NOW" rather than doing something better later.

So, Obama didn´t really have much choice in signing onto the stuff GWB left behind during transition. Had he instead rejected those stimulus, chances are VERY high that we had seen a massive crash AGAIN(sure it would have been at least partially fake and based on financial market voodoo, but that wouldn´t make the effects any less).


The Bush stimulus package was a $152B in 2008. That was pretty much law and taken in consideration in the March 2009 Budget act. (Even though the budget act had a lot of internal 'stimulus' to begin with.) The Obama stimulus was passed in February 2009 at $862B.

There are several papers on why the Obama stimulus did not "stimulate". The most interesting was a Hoover.org paper

(http://media.hoover.org/sites/default/f ... 1-2011.pdf)

that basically posited the poor performance of the stimulus was due to its use by the stimulee's to pay off debt, not buy things.


Yes, a right wing think tank with their own agenda of being against government interference in the economy put out a paper saying government interference in the economy didn't work. shocking.


In the meantime as already pointed out in this thread, the non partisan CBO analysis:


https://www.cbo.gov/sites/default/files ... 5-arra.pdf

"Estimating the law’s overall effects on employment
requires a more comprehensive analysis than can be
achieved by using the recipients’ reports. Therefore, looking
at recorded spending to date along with estimates of
the other effects of ARRA on spending and revenues,
CBO has estimated the law’s impact on employment
and economic output using evidence about the effects
of previous similar policies and drawing on various
mathematical models that represent the workings of the economy.
On that basis, CBO estimates that ARRA’s policies
had the following effects in the first quarter of calendar
year 2011:

They raised real (inflation-adjusted) gross domestic
product (GDP) by between 1.1 percent and
3.1 percent,

Lowered the unemployment rate by between
0.6 percentage points and 1.8 percentage points,

Increased the number of people employed by between
1.2 million and 3.3 million, and

Increased the number of full-time-equivalent jobs
by 1.6 million to 4.6 million compared with what
would have occurred otherwise,
as shown in Table 1.
(Increases in FTE jobs include shifts from part-time
to full-time work or overtime and are thus generally
larger than increases in the number of employed
workers.)

The effects of ARRA on output peaked in the first half of
2010 and have since diminished, CBO estimates. The
effects of ARRA on employment and unemployment are
estimated to lag slightly behind the effects on output;
CBO estimates that the employment effects began to
wane at the end of 2010 and continued to do so in the
first quarter of 2011.
"
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Re: What has Trump done right so far?
Post by Tenshinai   » Tue Mar 21, 2017 7:05 am

Tenshinai
Admiral

Posts: 2767
Joined: Tue Nov 02, 2010 8:34 pm
Location: Sweden

CRC wrote:The Bush stimulus package was a $152B in 2008. That was pretty much law and taken in consideration in the March 2009 Budget act. (Even though the budget act had a lot of internal 'stimulus' to begin with.) The Obama stimulus was passed in February 2009 at $862B.

There are several papers on why the Obama stimulus did not "stimulate". The most interesting was a Hoover.org paper

(http://media.hoover.org/sites/default/f ... 1-2011.pdf)

that basically posited the poor performance of the stimulus was due to its use by the stimulee's to pay off debt, not buy things.

It essentially said the Federal government borrowed money to give to people to pay down their debts, or reduce their borrowing needs...

A zero sum game it seemed...


Did you bother to read what i wrote at all?

Because your "answer" is pretty much a big "huh?" and little else as it does not in any way answer what i wrote.
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