With Job Growth at Zero, NY Times's Calmes Still Insists Obama's 'Stimulus' Worked
President Obama’s reaction to the latest lousy employment figures was framed by New York Times reporter Jackie Calmes on Saturday’s front page as “New Urgency in the Battle for Stimulus.” Calmes has long insisted Obama’s first multi-billion dollar economic “stimulus” was a success and did so again:
Nonpartisan analysts and the Congressional Budget Office have credited the first stimulus package with helping to end the recession and keep unemployment from growing even higher than it did. They say the winding down of the federal government’s help this year has contributed to the economy’s stall.
But Republicans, who solidly opposed the original stimulus program, say it was a failure that only dug the country deeper into debt -- a stand that hardly suggests they will be receptive to such ideas now. That argument against big government helped Republicans win control of the House last November, and they have since forced Mr. Obama and Congressional Democrats into repeated rounds of spending cuts.
While that was widely welcomed at first, given the nation’s mounting long-term debt, economists began to fret that the austerity measures in both the United States and Europe threatened to push the world into another recession. In an analysis this week, for example, the chief economist of OppenheimerFunds, Jerry A. Webman, cited “the counterproductive approach Congress and the administration are taking to fiscal policy.”
At least Calmes has belatedly admitted that Obama wants “tax increases” on those considered well-off. Previously she had used the euphemism “raising revenues.”
Mr. Obama hopes to change the balance with his speech to Congress. He will call for short-term job creation measures now -- to prevent a recession that would widen annual deficits through lost revenue and safety-net spending -- and for deficit reduction proposals, including spending cuts and tax increases for people with higher incomes, that would take effect after the economy regained full health.
....
House Majority Leader Eric Cantor, the Virginia Republican who has fostered a reputation as Mr. Obama’s nemesis, in a statement cited two proposals Mr. Obama was expected to make in his address -- for infrastructure spending and for job training for the long-term unemployed -- as “areas where we can work together to produce real results that will help job creators get people back to work.”
Some Republicans fear the party could bear the greater blame in 2012 if partisan obstruction against the president and political gridlock are seen as damaging to the economy. Through the August recess, unhappy constituents and liberal groups disrupted Republicans lawmakers’ meetings in their districts, demanding jobs bills. And while national polls show Mr. Obama’s ratings at record lows, the grades for Republicans and Congress are far worse.
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Comments
And we all know that
Submitted by hbnolikeee on Wed, 09/07/2011 - 9:43am.
playing the fiddle stopped Rome from burning too. What a stooge.
Stimulus? Hardly.
Submitted by jon_torlin on Wed, 09/07/2011 - 9:56am.
Someone should point out to her how well the stimulus worked for those "green projects" that are now shutdown without a thing to show for it.
-Jon
Consider the sources
Submitted by Galvanic on Wed, 09/07/2011 - 9:58am.
CALMES: ". . . Nonpartisan analysts and the Congressional Budget Office have credited the first stimulus package . . ."
Tell us who those 'nonpartisan analysts' are. Otherwise, they are no different than "some say."
As for the CBO, it only works with the data that the requestor gives it. Its charter does not permit them to do independent analysis and assessments. That's how the Democrats jimmied the health care numbers to make it "deficit neutral." By (a) removing large expenses such as the so-called "Doctor Fix" and sticking them in separate bills and (b) claiming unrealsitic savings in waste and fraud reduction, the Democrats handed the CBO just the data that would deliver the answer they wanted.
Stimulus did work!
Submitted by Ashrak on Wed, 09/07/2011 - 10:42am.
Barry's friends got paid, with taxpayer's money, just as intended.
What? Folks thought the stimulus was meant to do anything but that? Really?
It doesn't matter to them whether their policies work or not.
Submitted by Order270 on Wed, 09/07/2011 - 10:42am.
It only matter to them that they stay in power.
It doesn't matter to them whether their policies work or not.
Submitted by Order270 on Wed, 09/07/2011 - 10:43am.
It only matter to them that they stay in power.
Just remember...
Submitted by loxmyth on Wed, 09/07/2011 - 11:14am.
Jobs SAVED or created. (Saved means not lost. Just try and disprove that negative.) Sure, job growth was zero, but hey, how many did he keep us from losing? Yer obviously not looking at the big picture, we could have had net job LOSS! /sarc off
The left is once again
Submitted by rbosque on Wed, 09/07/2011 - 11:56am.
The left is once again spreading lies and deception (its speciality).
If reality didn't meet the expectations of their fantasy world, then all they have left is to 'lie about it'.
I guess Calmes didn't get the
Submitted by forest on Wed, 09/07/2011 - 1:29pm.
I guess Calmes didn't get the memo about the re-branding of the stimulus.
Folks, this is good. When the
Submitted by Van Halen on Wed, 09/07/2011 - 1:42pm.
Folks, this is good. When the Left can't see the woods for the trees. When the left can't understand why it is that Obama's poll numbers are tanking. When the Left don't understand why the economy is in shambles. They can't see the real answers so they can't fix the problem. They're so in the tank for Obama and Liberalism that they will all go down the drain together. This will work wonderfully to our favor in 2012.
Bush's Great Recession ended in the U.S. in June or July 2009
Submitted by Conservator on Wed, 09/07/2011 - 1:47pm.
American Recovery and Reinvestment Act was signed into law on February 17, 2009 by President Obama. However, most of that $860 billion boondoggle was spent to well after July 2009. Thus, the bill didn't end the recession. It didn't create jobs, nor did it decrease unemployment. Our economy has only worsen since Obama, Reid and Pelosi rammed this bill threw Congress. Yet the lefty loons, such as Jackie Calmes, want Obama to go long and big tomorrow. Yeah, that's the ticket for a landslide victory for the GOP in 2012 again - thanks much Obama.
"the grades for Republicans and Congress are far worse"...???
Submitted by SickofLibs on Wed, 09/07/2011 - 2:05pm.
So everyone still loves the Democrats, huh? Hacktastic!
Would Calmes care to venture a guess at what Pelosi's approval rating must be about now?
Define 'worked'
Submitted by Bill The Bold on Wed, 09/07/2011 - 9:38pm.
http://factcheck.org/2010/09/did-the-stimulus-create-jobs/