Oh my gosh…talk about tone-deaf.
Mark Hemingway at The Washington Examiner reports:
Here’s statistical whiz Nate Silver on what Obama needs to do to improve his flagging approval ratings:
To channel my Inner Krugman: it’s a political imperative for the Democrats of the highest order to get some sort of jobs bill to Obama’s desk — the sooner and the bigger the better. Suppose you could create jobs at a price of about $40,000 per, which is higher than the figure suggested by empirical research on highly targeted jobs programs. A $200 billion bill would then create 5 million new jobs, which would reduce unemployment by about 3.3 percent (e.g. from 10.2 percent to 6.9 percent).
As Allahpundit would say: Dude.
Does Nate Silver not know that Obama is now a deficit hawk?
Related:
Another brilliant Democrat idea…expanding funemployment benefits. That’s working out great, too.
Thanks to Eddie.
November, 22, 2009 at 10:59 pm
A jobs bill that spends billions of tax dollars to create jobs. There in a nutshell is everything you need to know about Democrats and their understanding of free market economics and gov’ts role in a democracy.
I don’t know what disgusts me more, the mental midgets who sit in DC as our elected leaders or the idiots who vote for them.
November, 22, 2009 at 11:00 pm
The President already had his chance to create those jobs with the first stimulus bill. Instead, he frittered it away on pork and unsustainable programs. Why is this time going to be any different?
And Nate Silver doesn’t seem to grasp the entirety of the unemployment problem. The unemployment rate is artificially low since a huge number of people have given up looking. If the job market improves at all, they’ll come back, and the unemployment rate won’t budge.
November, 22, 2009 at 11:31 pm
>>And Nate Silver doesn’t seem to grasp the entirety of the unemployment problem.
True. But then most don’t seem to understand that the current unemployment problem is not the biggest worry we have. Our current debt load is unsustainable and the geniuses in DC are determined to put us on the fast track to financial doom by increasing it exponentially. I believe it’s already too late and all we are arguing about now is rearranging the deck chairs on the good ship Titanic.
It was a great country while it lasted.
November, 22, 2009 at 11:56 pm
http://sayanythingblog.com/entry/businesses_hiring_fewer_workers_thanks_to_expanded_unemployment_benefits_in/
in a similar vein, socialism prevents job creation. Who knew?
November, 23, 2009 at 12:35 am
I still can’t believe that Americans were boneheaded enough to give the Dems so much power.
I remember when Rush used to say that Marxism was dead everywhere but the universities, and that always gave me an uneasy feeling. Marxists can do a lot of damage feeding their commie crap to our youth. And I think that’s part of what happened.
That, and the permanent class of people dependent on the government, who will always vote Democrat.
November, 23, 2009 at 6:56 am
It was a great country while it lasted.
Yeah – we had quite a little chat about that at The Hostages last week. Michael was advocating Belize. If Texas doesn’t secede, that is.
November, 23, 2009 at 8:40 am
Belize would be nice. I’ve been thinking lately of Croatia. Absolutely gorgeous place, nice climate and the wonderful Med to play in.