Comments on: Stimulus Package Has Created Jobs; Kind Of http://www.topfinanceblog.com/stimulus-package-has-created-jobs-kind-of/ Financial News, Information, and Commentary Wed, 08 Feb 2012 02:42:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mitch http://www.topfinanceblog.com/stimulus-package-has-created-jobs-kind-of/comment-page-1/#comment-1724 Mitch Tue, 04 May 2010 17:20:39 +0000 http://www.topfinanceblog.com/?p=893#comment-1724 I feel you, Tim. What I think we do know is that, for sure, the stimulus has kept the unemployment rate down in some fashion, since, if you remember, it was predicted that it could get as high as 12%. It's the "new" jobs part that I'm doubting. For instance, there's a group whose board I'm on. They got some stimulus money, and what it's allowed is the ability to hire a full time and part time person and retain a position that was potentially on the chopping block. In this instance, 1 1/2 jobs were really created, but one was just saved. Figures sometimes can be twisted, as we know. I feel you, Tim. What I think we do know is that, for sure, the stimulus has kept the unemployment rate down in some fashion, since, if you remember, it was predicted that it could get as high as 12%. It’s the “new” jobs part that I’m doubting. For instance, there’s a group whose board I’m on. They got some stimulus money, and what it’s allowed is the ability to hire a full time and part time person and retain a position that was potentially on the chopping block. In this instance, 1 1/2 jobs were really created, but one was just saved. Figures sometimes can be twisted, as we know.

]]> By: Tim Manni http://www.topfinanceblog.com/stimulus-package-has-created-jobs-kind-of/comment-page-1/#comment-1723 Tim Manni Tue, 04 May 2010 14:51:18 +0000 http://www.topfinanceblog.com/?p=893#comment-1723 Hey Mitch, The problem I had with the whole stimulus package to save jobs is the White House's claims that they "saved or created" however many jobs. That "saved or created" line in my opinion is an easy way of saying we really don't know how well this is working. Can you accurately document how many jobs you "saved"? Based on unemployment numbers, has all this spending to "create" jobs even worked? Hey Mitch,

The problem I had with the whole stimulus package to save jobs is the White House’s claims that they “saved or created” however many jobs. That “saved or created” line in my opinion is an easy way of saying we really don’t know how well this is working. Can you accurately document how many jobs you “saved”?

Based on unemployment numbers, has all this spending to “create” jobs even worked?

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