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Joseph L asked in Politics & GovernmentPolitics · 1 decade ago

Do you think a .1% drop in unemployment is due to the $800 billion dollar stimulus from 2009 or from?

not letting the 2003 tax rate cuts to expire in 2011?

http://www.smartmoney.com/personal-finance/taxes/w...

Update:

Christina Romer should be a strong critic of her new boss's policies.

The Romers carefully sift through all federal tax cuts and tax increases from 1947 to 2005.

A tax decrease of 1% of GDP raised GDP by about 3%, and, symmetrically, a tax increase of 1% of GDP reduced GDP by about 3%.

http://www.econ.berkeley.edu/~cromer/RomerDraft307...

10 Answers

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  • 1 decade ago
    Favorite Answer

    Probably due more to a little stability in DC and the business owners can plan on what they will have to deal with as far as taxes and regulations coming out of there.

    With the liberal Progressives not totally in charge, they can tell what is in the future now.

  • Anonymous
    1 decade ago

    The State where I live received some of the nearly trillion dollar stimulus and they hired people, but for the past 2 months the headlines in the local news is what are they going to do when the stimulus money runs out, they are already preparing pink slips for most of those hired.

  • Anonymous
    1 decade ago

    Could be. It would be hard not to have had a drop when throwing 800 billion at the problem. This would also mean that we could get the unemployment down below 8% if we were to spend about 13 trillion more. It'd be hell for Barry to print that much worthless money, but he's got Bernanke working on it. That 800 billion was promised to hold the unemployment below 8%. The Pretender in Chief is ruining us during his extended OJT.

  • Anonymous
    1 decade ago

    People dropping off the unemployment roll an are no longer counted.His stimulus money is ending so job loss will occur as the States can no longer afford the extra help.

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  • 1 decade ago

    Obama's Stimulus

    Closely examining previous economic cycles (characterized by periods of recession and then by economic recovery/growth), EPI finds that the 2001 Bush tax cuts (passed during the 2001 recession) were followed by a weak economic recovery, in fact the weakest recovery, when compared to the recoveries seen in the previous four economic cycles. EPI concludes that “by virtually every measure, the economy (following the 2001 recession and tax cuts) has performed worse in this business cycle than was typical of past ones.” EPI does not stand alone in this conclusion. A recent study from the Center on Budget and Policy Priorities finds that tax cuts (as directed at the rich) are actually the least effective means of economic stimulus, when compared to other means of stimulus such as the extension of unemployment benefits, cuts in payroll taxes (aimed at the working class), and national fiscal assistance to states (as seen in Obama’s 2009 stimulus).

    For what the Rich do with their Tax Cuts read:

    How the Rich Soak Us

    http://www.truth-out.org/how-rich-soaked-rest-us68...

  • 1 decade ago

    I don't think the government made it happen at all.

    plus Gallup put February Unemployment at 10.3%

    to be honest, I believe Gallup more than DC.

    and if anything, Gallup leans a little left. (based on the articles they choose to write and the polls they choose to take)

  • 1 decade ago

    Absolutely nothing is due to the stimulus. Peace

  • 1 decade ago

    There is some thing called cooking the numbers .

  • 1 decade ago

    no, it's because the kids listen to the rap music which causes the brain damage with their hippin' and their hoppin' and their bippin' and their boppin'

  • 1 decade ago

    Could be

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