Did the ARRA (American Recovery and Reinvestment Act) create for save jobs? The answer is “sort of” and “absolutely not,” depending on how it is evaluated. Yes people were hired and others not fired because of money provided by the act. I will not address the fraudulent tabulation of the exact number because there are plenty of other articles that already address this issue. What none of the reported numbers takes into consideration is the impact of the “Crowding Out Effect,” which is “any reduction in private consumption or investment that occurs because of an increase in government spending…” For jobs this means the administration and CBO have not counted the “Destroyed or Prevented” jobs that have resulted from the ARRA. You can not count it one way and not the other and still be intellectually honest.
The following articles address this in more detail:
Caroline Baum of Bloomberg: “Obama Omits Jobs Killed or Thwarted from Tally”
Joseph Lawler of the American Spectator: "Destroyed or Prevented"
Thursday, August 4, 2011
Wednesday, August 3, 2011
Tuesday, August 2, 2011
Monday, August 1, 2011
THERE ARE NO BUDGET CUTS!!!! YOU DUMASSES!!!!
The Washington Post is reporting "Protesters disrupt House during debate on debt deal; 22 arrested"
This really irritates me. They people are protesting the fact that spending "might" be increased by slightly less than originally proposed! I am not going to go into a long post about zero based budgeting and such because others have done a good job of that. These are the same type of idiot that destroyed Greece and so much of Europe.
People like this will end up destroying the USA if they get their way. They simply think it is their right to eat the golden goose.
This really irritates me. They people are protesting the fact that spending "might" be increased by slightly less than originally proposed! I am not going to go into a long post about zero based budgeting and such because others have done a good job of that. These are the same type of idiot that destroyed Greece and so much of Europe.
People like this will end up destroying the USA if they get their way. They simply think it is their right to eat the golden goose.
Sunday, July 31, 2011
Friday, July 29, 2011
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