Comments on: The jobs proposal ignores economics http://blogs.reuters.com/great-debate/2011/09/09/the-jobs-proposal-ignores-economics/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: lippido http://blogs.reuters.com/great-debate/2011/09/09/the-jobs-proposal-ignores-economics/#comment-37433 Mon, 12 Sep 2011 05:54:38 +0000 http://blogs.reuters.com/great-debate/?p=10373#comment-37433 “robb1:
I called my television dish and got somebody in the Philippines.

I Called HP & got customers service from Costa Rica.

I called a major Credit Card company and talked to someone in India.

All those jobs, and they r thousands of them, could be better done by American Citizens and Legal Residents in the US, earning US $ and spending, paying taxes in the US.

Tax outsourcing.”

Have you ever considered the Unions have jacked the cost of wages to astronomical amounts and the Americans want more and more to do less and even less. I am an American working in Dubai. They have every nationalitie in the world working here and the nationals from India, Philippines, Pakistan and Sri lanka work for about $100 per week and most work 12 hour days. Please tell me how companies can afford to pay the Americans they amounts they demand without jacking up the costs? Until Americans lower their expectations on salary jobs will continue to be had abroad. Come join us, living in a foreign country sucks but I have a job!!!!!

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By: agamemnus http://blogs.reuters.com/great-debate/2011/09/09/the-jobs-proposal-ignores-economics/#comment-37428 Mon, 12 Sep 2011 02:39:00 +0000 http://blogs.reuters.com/great-debate/?p=10373#comment-37428 I doubt that the spending multiplier study was done to take into account a long time horizon.

Transportation infrastructure spending is often a black hole (see: Big Dig!), and is getting less and less relevant with advances in technology enabling real-time face-to-face communication via satellite or cable.

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By: DPA71726 http://blogs.reuters.com/great-debate/2011/09/09/the-jobs-proposal-ignores-economics/#comment-37427 Mon, 12 Sep 2011 02:07:54 +0000 http://blogs.reuters.com/great-debate/?p=10373#comment-37427 Enough of the Keynesian fantasy already. Let’s call it like it is.

http://www.economicpolicyjournal.com/201 1/09/greatest-economic-apologist-for-big .html

Reuters staff need not feel obligated to apologize to their readers, though the shame they feel for being dupes may eventually drive them to soul-search.

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By: nxd http://blogs.reuters.com/great-debate/2011/09/09/the-jobs-proposal-ignores-economics/#comment-37401 Sun, 11 Sep 2011 15:07:50 +0000 http://blogs.reuters.com/great-debate/?p=10373#comment-37401 The same Mark Zandi who predicted in 2008 that the Bush stimulus ($150B) would add 1.5% points to GDP, lower unemployment by 0.5 points, and add 700K jobs by mid-2009.

http://www.economy.com/dismal/article_fr ee.asp?cid=102598

The same Mark Zandi who predicted in 2009 with the first Obama stimulus ($825B) “that GDP returns to its prerecession peak by the end of 2010—reasonable goals.”, peak unemployment at 9.01%, lower the unemployment rate to 7.84% this year (2011) and 5.85% next year (2012) and add 4M jobs by the end of 2010.

http://www.economy.com/mark-zandi/docume nts/Economic_Stimulus_House_Plan…

The same Mark Zandi who now predicts that Obama’s newest stimulus ($450B) will add 2% to GDP, and add 1.9 million jobs and cut unemployment by 1%.

The same Mark Zandi? The very same?

Really? What are the odds that Mark can be wrong three times in a row?

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By: nxd http://blogs.reuters.com/great-debate/2011/09/09/the-jobs-proposal-ignores-economics/#comment-37400 Sun, 11 Sep 2011 14:26:04 +0000 http://blogs.reuters.com/great-debate/?p=10373#comment-37400 The same Mark Zandi who predicted in 2008 that the Bush stimulus ($150B) would add 1.5% points to GDP, lower unemployment by 0.5 points, and add 700K jobs by mid-2009.

http://www.economy.com/dismal/article_fr ee.asp?cid=102598

The same Mark Zandi who predicted in 2009 with the first Obama stimulus ($825B) “that GDP returns to its prerecession peak by the end of 2010—reasonable goals.”, peak unemployment at 9.01%, lower the unemployment rate to 7.84% this year (2011) and 5.85% next year (2012) and add 4M jobs by the end of 2010.

http://www.economy.com/mark-zandi/docume nts/Economic_Stimulus_House_Plan…

The same Mark Zandi who now predicts that Obama’s newest stimulus ($450B) will add 2% to GDP, and add 1.9 million jobs and cut unemployment by 1%.

The same Mark Zandi? The very same?

Really? What are the odds that Mark can be wrong three times in a row?

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By: wfclyon http://blogs.reuters.com/great-debate/2011/09/09/the-jobs-proposal-ignores-economics/#comment-37399 Sun, 11 Sep 2011 14:14:24 +0000 http://blogs.reuters.com/great-debate/?p=10373#comment-37399 The Social Security system will be going broke in a couple of decades and the president is putting forth a program that will reduce it’s main source of funds, i.e. payroll taxes (the other source is interest from federal debt.) Where is the AARP branch of the Democratic Party? Perhaps the cost of the government regulating every aspect of our lives is a luxury we can no longer afford. (particularly when the ‘well connected’ can exempt themselves from enforcement leaving the ‘little guy’ who cannot afford lobbyists & overpaid lawyers).

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By: paintcan http://blogs.reuters.com/great-debate/2011/09/09/the-jobs-proposal-ignores-economics/#comment-37385 Sun, 11 Sep 2011 01:27:24 +0000 http://blogs.reuters.com/great-debate/?p=10373#comment-37385 Perhaps everyone is ignoring the most obvious truth about employment. In a world of mass merchandised identity, in a country without titles or very ancient pedigrees, being the man or woman with a job has enormous snob appeal. Government employees get more respect during recessions/depressions.

A country with imperial pretensions is going to want to raise a class of imperial pretenders. They may have to rank themselves as they always try to do, by class and occupation, because people are hopeless snobs. They can be near idiots and still be snobs. The advertising business knows that it can market snobbery to fools and it always works. But the trick is do t market snobbery that doesn’t look like the old snobbery. Everyone gets immune to that fairly quickly. .

The Obama jobs package is very selective job creation. I suspect none of those in Washington, of either party, really want broad based job creation because that implies a lack of social control and the prospect of inflation.

Obama is proposing the new PC employment package for those with the goods who have every intention of making sure they keep it and damned sure few others can ever join them.

An honest president – and less of a social climber (he’s already got a lifetime retirement income – what more does he want?) would push higher taxes because the more exclusively employed are still just as disposable as the products they make and the profits they fully intend to keep. And he would make certain that more of us “on foodstamps” were employed and paying taxes with them.

But foodstamps are better than starving or going homeless even if they are somewhat humiliating. But I know some well-educated people who are on them too.

People never stop loving money and those who have lots of it. Haven’t you noticed? It’s about the only thing that really insures a kind of difference between them – or at least the illusion of difference.

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By: DLTooley http://blogs.reuters.com/great-debate/2011/09/09/the-jobs-proposal-ignores-economics/#comment-37382 Sun, 11 Sep 2011 00:45:01 +0000 http://blogs.reuters.com/great-debate/?p=10373#comment-37382 The Republicans need to own their failure(s).

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By: ilaboo http://blogs.reuters.com/great-debate/2011/09/09/the-jobs-proposal-ignores-economics/#comment-37354 Sat, 10 Sep 2011 00:22:44 +0000 http://blogs.reuters.com/great-debate/?p=10373#comment-37354 think about using food stamp subsidizing to stimulate the economy?–live in my neighborhood in the Bronx, get on a food line and wen you check out open your wallet–before you eh 10 people on the line had food stamps–something like m ore than $40% of the people in the B Bronx are on food stamps–only way it works is for some people like me to open our wallets

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By: kp12 http://blogs.reuters.com/great-debate/2011/09/09/the-jobs-proposal-ignores-economics/#comment-37352 Fri, 09 Sep 2011 23:09:05 +0000 http://blogs.reuters.com/great-debate/?p=10373#comment-37352 Increasing outlay on food stamps is the best way to create jobs!!!! if that was true, then all that the government needed to do was to distribute $10000 to every guy in the country…

the author should consider all the consequences of a policy and not just promote it blindly…

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