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Lucylastic -> RE: Jobs Plan May Prevent 2012 Recession: (9/29/2011 10:20:29 AM)
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quote:
ORIGINAL: StrangerThan
quote:
ORIGINAL: Lucylastic
President Barack Obama’s $447 billion jobs plan would help avoid a return to recession by maintaining growth and pushing down the unemployment rate next year, according to economists surveyed by Bloomberg News.
The legislation, submitted to Congress this month, would increase gross domestic product by 0.6 percent next year and add or keep 275,000 workers on payrolls, the median estimates in the survey of 34 economists showed. The program would also lower the jobless rate by 0.2 percentage point in 2012, economists said.
Economists in the survey are less optimistic than Treasury Secretary Timothy F. Geithner, who has cited estimates for a 1.5 percent boost to gross domestic product. Even so, the program may bolster Obama’s re-election prospects by lowering a jobless rate that has stayed near 9 percent or more since April 2009.
http://finance.yahoo.com/news/Obama-Jobs-Plan-May-Prevent-bloomberg-4122133367.html;_ylt=AgvjKsz7_MjGdd0e_e9Afpnlba9_;_ylu=X3oDMTE2bGR1czk1BHBvcwM0BHNlYwN0b3Atc3R
Exactly. It is a 'get me elected plan' and not much else. I'll hand it to the dems. They created out of the mess we're all in, the best re-election fodder they could muster. They created a plan that like stimulus 1, might keep the economy stumbling along until the next stimulus is needed, and at the same time, created a plan they can point to as their attempt to save the economy that the evil Republicans shot down.
It is a stop gap measure at best that doesn't address the core issues. It's presence was predicted the instant stimulus 1 headed for Congress, even at the same time many economists were telling the world and the president that stimulus 1 would not resolve the issues of unemployment, kick starting business, or the national debt.
It is election cycle gimmickry.
What is your best idea then? maybe cut taxes? cut regulations? let the free market balance itself?
cos yanno , thats worked like crap for the past ten years. If only all economist could agree on what will actually work, withut hurting any more people. Fuck the governmnet, fuck the parties, its the people that need jobs that are important.But no... its not that it this might actually make a difference (even slightly) just as long as you can keep calling it what was it?
oh ya
Election gimmickry...
LMAO it has to work first doesnt it?? but you dont even want it to get a chance? why?
The people who are suffering most need help, not trickle down promises while being reamed in the ass.
If there was a slight recovery you would dress it up as something negative.
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