Posted by
rycK on Saturday, October 31, 2009 10:44:52 AM
650,000 Strawdogs Bark at the
Moon. The Obama ‘Recovery’ is a Numerical Monkey Circus
Abstract:
Most of the people who work for our government
must be imbeciles. Some of the imbeciles are now known as such and publicly
identified from their own words transcribed
here for proof. They reach into the future to make calculations and sift
through mountains of anecdotes and error-ridden reports for some numbers that
will tell the citizens what they are doing with our money. One of their chief stooges, using the future
as a crutch, reports that the taxpayer cost per “new or saved” job is now $92,000. I am so relieved!
In a two previous blogs, just a day ago, I summarized the
woeful mumblings and hokum-chucking follies that posed as ‘predictions’ from
those lackeys who stooge for Obama. I
waited, for nothing—even past 4:00
PM , to view the creepy recovery.gov
site to show me something other than a single number being changed and they did
just that: one lousy number. This is so pitiful it is no wonder the stock
market is crashing again. Touted as a success, as any leftist program always is,
Joe Biden [Plugs the Buffoon] boasted to us of all the good
jobs being created and we wonder how he knows. Well, some people are
calculating a few costs:
Here is the ABC calculations:
“Posting its results late this
afternoon at Recovery.gov, the White House claimed 640,329 jobs have been
created or saved because of the $159 billion in stimulus funds allocated as of
Sept. 30.” [Emphasis is mine in all quotes.]
“Brian Schmidt, director of planning and
programming for the commission said that his staff originally reported to the
Obama administration that the stimulus money saved 250 jobs. Then, realizing
they had mistakenly double credited, they later changed that to 125 jobs. Tuesday, they updated it again to 74 jobs.
Ed DeSeve, senior advisor to the president for Recovery Act
implementation, said he'd been "scrubbing" the job estimates so
much since they came it at the beginning of the month that he now has "dishpan hands and my fingers are worn to the nub."-- $160,000 Per
Stimulus Job? White House Calls That 'Calculator Abuse' October 30, 2009 7:12 PM
My calculator seems to show this folly: 640,329 jobs at a cost of $159 billion
in stimulus funds works out to $248,309.85 per job. I did fail
to add on the 30 years of interest on this money nor did I add in the costs
from inflationary pressures that will debase our currency.
So, that won’t be so bad if our dollar becomes worth a nickel or so. We can
save all the interest! As Paul Krugman sings” “Yes, we have
a long-run budget problem, and we need to start laying the groundwork for a long-run solution.
But when it comes to inflation, the only thing we have to fear is inflation
fear itself.” [Emphasis is mine in all quotes]
Using a Biden-style system of convoluted and monkey putz
logic we read that this is what they are doing:
“White House officials heralded the
unparalleled transparency in reporting job numbers to the public, but
acknowledged there is no consistent standard across states or localities, or among federal agencies giving out
stimulus funds, in differentiating between a “saved” job and a “created” job.”-- $160,000 Per Stimulus Job?
Some leftist number
monkey popped up and unscrolled for us, probably from a dark place, a better number using this logic:
“Jared Bernstein, chief economist and senior
economic advisor to the vice president, called that "calculator
abuse."
He said the cost per job was actually $92,000 -- but acknowledged that
estimate is for the whole stimulus package as of the end of 2010.”-- $160,000 Per Stimulus Job?
How can you say
‘is” for the current ‘was’ and note that “was’ appears to be in the future
tense? We don’t know how many real jobs will be created so how can we make this
calculation? Does this depend, critically or mathematically, on the definition
of what “was” is? So, this is a forecast assembled with rubber numbers and
nobody told Biden? What political tense is this written in: “…White House
claimed 640,329 jobs have been created or saved…” Do some of these people
even have a G.E.D.?
We are going to get
back to some kind of ‘recovery’ using borrowed or printed monies and spend
$92,000 dollars per new job? Are we insane?
Our government is populated by imbeciles, throbbing
stupids, zombies and racist parasites and other assorted cognitively disnimble
beings that honk and wheeze at numbers like a monkey in a candy store while they
try to fulfill their phony political predictions and the outrageous promises of
our elected officials with phony numbers and absurd calculations not to mention
injecting time travel into the
calculations. They swim in slime.
All lies? Looks like
that. Where is the meat??
I told
you so. rycK a 5th
generation 49er in exile.
Comments:
ryckki@gmail.com
Background on the
last two posts:
Stimulus Act of Jan
2009
“An Act: Making supplemental
appropriations for job preservation and creation, infrastructure investment,
energy efficiency and science, assistance to the unemployed, and State and
local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes.” [Emphasis is mine in
all quotes.]
The Christine Romer
Prophecy:
“…, even with the
large prototypical package, the unemployment rate in 2010Q4 is predicted to be
approximately 7.0%, which is well below the approximately 8.8% that would result
in the absence of a plan.”
Crystal Ball Follies
"None
of us had a crystal ball back in December and
January. I think almost every private forecaster realized that there were other
things going on in the economy. It was worse than we
anticipated. "
Biden also acknowledged the
discrepancies in a July 5 interview with ABC's George Stephanopoulos.
"The truth is, we and everyone
else misread the economy," Biden said. "The figures we
worked off of in January were the consensus figures in most of the blue chip
indexes out there. ... And so the truth is, there was a misreading of just how
bad an economy we inherited. Now, that doesn't — I'm not laying — it's now our
responsibility. So the second question becomes, did the economic
package we put in place, including the Recovery Act, is it the right package
given the circumstances we're in? And we believe it is the right package given the
circumstances we're in."
Romer sandbags the
Biden follies:
“Most
analysts predict that the fiscal stimulus will have its greatest impact on
growth in the second and third quarters of 2009,” Romer said. “By mid-2010, fiscal stimulus will likely be contributing little to
growth.”— Christine
Romer Oct. 22
A few
hours ago:
“WASHINGTON — About 650,000 jobs have been saved
or created under President Barack Obama's
economic stimulus plan, the White House said Friday, saying it is on track to
reach the president's goal of 3.5 million jobs by the end of next year”-- Gov't says stimulus saved or created 650,000 jobs By Matt Apuzzo
And Brett J. Blackledge
Now, we learn all
about how the administration calculates these 650,000. We must put forth a few caveats on our beliefs
and acceptance of the new ‘proofs’ that are bestowed upon us by Obama and his
number doodlers. But, they have an ‘independent’ group to filter out the hooey
or so they say:
“The Recovery Accountability and
Transparency Board is the independent group which oversees the tracking of all
of the data in regard to spending from The American Recover and Reinvestment
Act, aka the stimulus package. Their mission statement according to Recovery.gov is “To promote accountability by coordinating and conducting oversight of Recovery funds to prevent fraud, waste, and abuse and to foster transparency on
Recovery spending by providing the public with accurate, user-friendly
information.”-- White House releases data on stimulus
jobs; 1 million jobs created or saved
Here is their pitch:
“JOBS CREATED/SAVED
AS REPORTED BY RECIPIENTS
640,329 10/30/2009”
Then crap like
this:
Where is the count?
Look at this:
“Here is what you should know:
Governors, mayors, county executives, private businesses and
community organizations across the country submit reports to Recovery.gov so
that you can get an unprecedented look at how your taxpayer dollars are being
spent creating jobs and boosting the economy through the Recovery Act. These reports are not from the
federal government – but from the very people putting Recovery funds to work.”
“The government has overstated by
thousands the number of jobs it has created or saved with federal contracts
under the president’s $787 billion recovery program, according to an Associated
Press review of data released in the program’s first progress report.”-- http://thegovmonitor.com/world_news/united_states/white-house-reports-ap-misleads-on-recovery-act-job-reporting-13025.html
All lies? Looks like that. Where is the meat??
RycK
Krugman Scares Us with His Big
Inflation Scare Screed. We Will Rapidly Inflate and He Knows This.
http://rycksrationalizations.blogtownhall.com/2009/05/29/krugman_scares_us_with_his_big_inflation_scare_screed_we_will_rapidly_inflate_and_he_knows_this.thtml
Abstract: Krugman of the NYT selects narrow facts
and assemble an article that denies that we are facing almost certain
hyperinflation in the near future. He ignores the comments of the Chinese,
Warren Buffett and the UK about the wild
deficits and dangers of wanton printing of money and its deleterious effects on
our currency and economic future. He places blame for our debts on previous tax
cuts and cites trivial countries who have gone through high debt loads and not
inflated. He omits any reference to the more famous cases that fell into this
trap. Whatever the topic, Krugman always advises more spending and bigger
government and today’s screed does not ruin his record on this. He
sophomorically parrots FDR with: “the
only thing we have to fear is inflation fear itself.” We are spending our
way into serfdom and Krugman goes along with this outcome. He would rather see
the US crash and the pieces
reassembled by socialists or Marxists than watch prosperity again push down his
allies into economic and financial obscurity. He blindly sanctions the wild
spending of the Obama administration with no regrets.
Cantor and other Republicans say
Obama promised stimulus would keep unemployment rates below 8 percent “Biden also acknowledged the discrepancies in a July 5
interview with ABC's George Stephanopoulos.
"The
truth is, we and everyone else misread the economy," Biden said. "The
figures we worked off of in January were the consensus figures in most of the
blue chip indexes out there. ... And so the truth is, there was a misreading of
just how bad an economy we inherited. Now, that doesn't — I'm not laying — it's
now our responsibility. So the second question becomes, did the economic
package we put in place, including the Recovery Act, is it the right package
given the circumstances we're in? And we believe it is the right package given
the circumstances we're in."
Biden also
acknowledged the discrepancies in a July 5 interview with ABC's George
Stephanopoulos.
"The truth is, we and everyone else misread the
economy," Biden said. "The figures we worked off of in January were
the consensus figures in most of the blue chip indexes out there. ... And so
the truth is, there was a misreading of just how bad an economy we inherited.
Now, that doesn't — I'm not laying — it's now our responsibility. So the second
question becomes, did the economic package we put in place, including the
Recovery Act, is it the right package given the circumstances we're in? And we
believe it is the right package given the circumstances we're in."
“ http://www.politifact.com/truth-o-meter/statements/2009/jul/09/eric-cantor/Cantor-and-other-republicans-say-obama-promised-s/