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Obama compromise projects 8.7% vs 9.9% jobless with just middle tax cuts

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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 06:46 PM
Original message
Obama compromise projects 8.7% vs 9.9% jobless with just middle tax cuts
AMT fix, 1 year extension of top tax cuts, reinstatement of estate tax, and popular business cuts.

GDP growth for Obama compromise of 3.9% vs 2.8% with just the above.


http://swampland.blogs.time.com/2010/12/08/why-democrat... /



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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 07:02 PM
Response to Original message
1. Wasn't the last stimulus supposed to cap unemployment at 8%?
Sorry, the only estimates I trust these days are from Krugman, and he says The Deal is bad for America.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 07:11 PM
Response to Reply #1
2. Krugman says it will generate growth but doesn't like the politics of it.
"But, yes, I mean, everyone sensible will agree that, next year, there will be somewhat more jobs than there would have been if there had been a complete breakdown in negotiations over the taxes and everything else."

http://www.pbs.org/newshour/bb/politics/july-dec10/taxc...
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impik Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 02:19 AM
Response to Reply #2
5. He doesn't like the politics??? You'd think he cares whether Obama wins re-election or not...
Hilarious.
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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 02:31 AM
Response to Reply #5
6. Obama won't win reelection with comprimises like this. Watch what happens in 13 months. (nt)
Edited on Sun Dec-12-10 02:31 AM by w4rma
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frylock Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 10:08 PM
Response to Original message
3. what is the admin's success rate at predicting unemployment?
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PhilosopherKing Donating Member (228 posts) Send PM | Profile | Ignore Sun Dec-12-10 01:27 AM
Response to Reply #3
4. one word
Shitty.
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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 02:32 AM
Response to Reply #3
7. I think his economic people just make this crap up out of thin air to promote the latest BS. (nt)
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cherokeeprogressive Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 01:50 PM
Response to Reply #7
9. Seems to me like sometimes I hear of revisions to numbers previously touted as good trends
and those revisions are almost always downward. Out of thin air...
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Hawkowl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 01:48 PM
Response to Original message
8. Not good enough
If he wants to be re-elected, he needs to get the (official) unemployment level down to 6%. If he does not focus all his energies on this one fact, he will lose.

Why? Because if you don't have a job in America--YOU FUCKING DIE!!! No healthcare, no welfare, no unemployment, no housing. NO JOB = DEATH.

So when people are afraid of losing their job in Amerika, they are actually afraid of dying. When people are that afraid they will vote for anyone or anything that promises them salvation.
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Enrique Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 01:58 PM
Response to Original message
10. please name the economist who came up with those numbers
put it in the thread title.

Also name which candidate Mark Zandi worked for in 2008. Thanks!
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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 02:25 PM
Response to Original message
11. Most of Obama's economists argue that the upper tax cuts will have little to no effect on ..........
job growth. At least that was the consensus on Obama's economists on MTP this morning.
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