Comments on: Can we ever know how many jobs the Obama Administration has saved? http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/ Your guide to American economic policy Wed, 10 Mar 2010 13:21:51 -0500 http://wordpress.org/?v=abc hourly 1 By: MSN Still Wrong on Number of Uninsured Americans… But Getting Closer! - Patricia_C’s blog - RedState http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/comment-page-1/#comment-12059 MSN Still Wrong on Number of Uninsured Americans… But Getting Closer! - Patricia_C’s blog - RedState Mon, 14 Sep 2009 21:21:35 +0000 http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/#comment-12059 [...] uhhhh, 3 Million jobs lost/saved… and then there’s that whole “can’t manage to show us the math” thing on how… exactly… they  arrived at those… um… [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('12059','MSN Still Wrong on Number of Uninsured Americans… But Getting Closer! - Patricia_C’s blog - RedState'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('12059','MSN Still Wrong on Number of Uninsured Americans… But Getting Closer! - Patricia_C’s blog - RedState','[...] uhhhh, 3 Million jobs lost\/saved… and then there’s that whole “can’t manage to show us the math” thing on how… exactly… they  arrived at those… um… [...]'); return false;">Quote</a></div> [...] uhhhh, 3 Million jobs lost/saved… and then there’s that whole “can’t manage to show us the math” thing on how… exactly… they  arrived at those… um… [...]
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]]> By: Misreading the economy | KeithHennessey.com http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/comment-page-1/#comment-2692 Misreading the economy | KeithHennessey.com Mon, 06 Jul 2009 18:22:35 +0000 http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/#comment-2692 [...] of the arrow, and thus over the projected number of jobs “saved or created.”  This is why some people have criticized the Administration’s use of this [...]
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]]> By: More On The Jobs The Administration Has “Saved” | But Then What http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/comment-page-1/#comment-157 More On The Jobs The Administration Has “Saved” | But Then What Thu, 28 May 2009 00:42:41 +0000 http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/#comment-157 [...] again, if you want to get really into this then visit Keith Hennessey’s blog on the [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('157','More On The Jobs The Administration Has “Saved” | But Then What'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('157','More On The Jobs The Administration Has “Saved” | But Then What','[...] again, if you want to get really into this then visit Keith Hennessey’s blog on the [...]'); return false;">Quote</a></div> [...] again, if you want to get really into this then visit Keith Hennessey’s blog on the [...]
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]]> By: How The Administration Is Spinning The Employment Data http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/comment-page-1/#comment-155 How The Administration Is Spinning The Employment Data Wed, 13 May 2009 21:21:33 +0000 http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/#comment-155 [...] here (Keith Hennessey has a long discussion about this with charts). Share:   [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('155','How The Administration Is Spinning The Employment Data'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('155','How The Administration Is Spinning The Employment Data','[...] here (Keith Hennessey has a long discussion about this with charts). Share:   [...]'); return false;">Quote</a></div> [...] here (Keith Hennessey has a long discussion about this with charts). Share:   [...]
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]]> By: How The Administration Counts Job Losses | But Then What http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/comment-page-1/#comment-156 How The Administration Counts Job Losses | But Then What Wed, 13 May 2009 20:52:28 +0000 http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/#comment-156 [...] more: here (Keith Hennessey has a long discussion about this with charts) [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('156','How The Administration Counts Job Losses | But Then What'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('156','How The Administration Counts Job Losses | But Then What','[...] more: here (Keith Hennessey has a long discussion about this with charts) [...]'); return false;">Quote</a></div> [...] more: here (Keith Hennessey has a long discussion about this with charts) [...]
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]]> By: bakho http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/comment-page-1/#comment-154 bakho Wed, 08 Apr 2009 22:26:40 +0000 http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/#comment-154 Monetary stimulus is usually preferred over fiscal stimulus because fiscal stimulus has a delay in implementation. There is no help but for stimulus passed today to carry into 2010. This is why it was stupid for Bush to block fiscal stimlus last year. The large increase in unemployment we have today could have been tempered if Bush would have done the decent thing instead of being a total elitist tool. Fiscal stimulus is important now because monetary policy is in liquidity trap. Plus, the way out of the current downturn is to pump money into the lower rungs of the economic ladder. Monetary policy has a much tougher time with wealth transfer than fiscal policy.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('154','bakho'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('154','bakho','Monetary stimulus is usually preferred over fiscal stimulus because fiscal stimulus has a delay in implementation. There is no help but for stimulus passed today to carry into 2010. This is why it was stupid for Bush to block fiscal stimlus last year. The large increase in unemployment we have today could have been tempered if Bush would have done the decent thing instead of being a total elitist tool. Fiscal stimulus is important now because monetary policy is in liquidity trap. Plus, the way out of the current downturn is to pump money into the lower rungs of the economic ladder. Monetary policy has a much tougher time with wealth transfer than fiscal policy.'); return false;">Quote</a></div> Monetary stimulus is usually preferred over fiscal stimulus because fiscal stimulus has a delay in implementation. There is no help but for stimulus passed today to carry into 2010. This is why it was stupid for Bush to block fiscal stimlus last year. The large increase in unemployment we have today could have been tempered if Bush would have done the decent thing instead of being a total elitist tool. Fiscal stimulus is important now because monetary policy is in liquidity trap. Plus, the way out of the current downturn is to pump money into the lower rungs of the economic ladder. Monetary policy has a much tougher time with wealth transfer than fiscal policy.
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]]> By: Mary M http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/comment-page-2/#comment-153 Mary M Wed, 08 Apr 2009 19:58:44 +0000 http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/#comment-153 Perhaps it would have been wise for the Obama Administration to enact a stimulus designed to create jobs now rather than after 2010. The bloated "Stimulus" passed in secrecy and in great haste was a travesty. The President should roll it back and design a real stimulus package before unemployment hits over 10%.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('153','Mary M'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('153','Mary M','Perhaps it would have been wise for the Obama Administration to enact a stimulus designed to create jobs now rather than after 2010. The bloated "Stimulus" passed in secrecy and in great haste was a travesty. The President should roll it back and design a real stimulus package before unemployment hits over 10%.'); return false;">Quote</a></div> Perhaps it would have been wise for the Obama Administration to enact a stimulus designed to create jobs now rather than after 2010. The bloated "Stimulus" passed in secrecy and in great haste was a travesty. The President should roll it back and design a real stimulus package before unemployment hits over 10%.
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]]> By: bakho http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/comment-page-1/#comment-152 bakho Wed, 08 Apr 2009 01:37:14 +0000 http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/#comment-152 Obviously, the refusal by Bush to enact more fiscal stimulus in 2008 was a huge mistake that made his failure even worse. You should at least start counting from Jan 20 instead of Jan 1.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('152','bakho'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('152','bakho','Obviously, the refusal by Bush to enact more fiscal stimulus in 2008 was a huge mistake that made his failure even worse.\n\nYou should at least start counting from Jan 20 instead of Jan 1.'); return false;">Quote</a></div> Obviously, the refusal by Bush to enact more fiscal stimulus in 2008 was a huge mistake that made his failure even worse.

You should at least start counting from Jan 20 instead of Jan 1.

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]]> By: NoteMod.org » Blog Archive » Secondary Sources: Timid Treasury?, Jobs, Inflation, Green Shoots http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/comment-page-1/#comment-151 NoteMod.org » Blog Archive » Secondary Sources: Timid Treasury?, Jobs, Inflation, Green Shoots Tue, 07 Apr 2009 16:52:54 +0000 http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/#comment-151 [...] Saving Jobs: On his blog, Keith Hennessey looks at the difficulty of measuring the number of jobs created and saved. “Let’s return to the President’s statement from February 9th. Can we measure that? Had he said that his Administration would create 4 million jobs, then we would have a simple metric: 134.3 million + 4 million = 138.3 million. Each month, we could compare the nonfarm employment level to 138.3 million to see if it was higher or lower than that goal. Suppose, however, that a year from now this numbers is instead 133.3 million. If we measure this the way it has been measured for at least the past two Administrations, a fair reporter would write that “the economy has lost a net 1 million jobs since President Obama took office.” But the Administration could argue that employment would have been 129.3 million, and that they therefore saved 4 million jobs. And nobody could prove them right or wrong. “Create or save” is unreliable and vulnerable to manipulation. Any time I hear it, I know that I am being spun.” [...]
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]]> By: Links | But Then What http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/comment-page-1/#comment-150 Links | But Then What Tue, 07 Apr 2009 16:27:46 +0000 http://keithhennessey.com/2009/04/06/can-we-ever-know-how-many-jobs-the-obama-administration-has-saved/#comment-150 [...] Keith Hennessey.com-Hennesey does a superb job of analyzing Obama’s promise to create or save jobs. He points out the manner in which the numbers can be massaged to meet the goal of saving jobs. It’s a wonderful example of how politicians spin the numbers. [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('150','Links | But Then What'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('150','Links | But Then What','[...] Keith Hennessey.com-Hennesey does a superb job of analyzing Obama’s promise to create or save jobs. He points out the manner in which the numbers can be massaged to meet the goal of saving jobs. It’s a wonderful example of how politicians spin the numbers. [...]'); return false;">Quote</a></div> [...] Keith Hennessey.com-Hennesey does a superb job of analyzing Obama’s promise to create or save jobs. He points out the manner in which the numbers can be massaged to meet the goal of saving jobs. It’s a wonderful example of how politicians spin the numbers. [...]
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