209 Creeplenomics Economists


.
Real Ways To Reclaim Freedom For America
.

Need and Demand: Here is more evidence that creeple economists have no clue about the relationship between need and demand.

.
Creeple economists who signed either the 2003 or 2009 economic petitions: They should be asked why they have not resigned in disgrace, and whether they have paid back their stolen tax cuts, as stipulated by universal Democratic Party doctrine.
.
• Curt E. Kammeraad Fresno City College • Susan Ettner UCLA School of Medicine • Hasan MacNeil Butte College • Barry Eichengreen University of California – Berkeley • Lynda Rush California State Polytechnic University, Pomono • Laura M. Argys University of Colorado – Denver • Alexandra Bernasek Colorado State University • Daphne Greenwood Center for Colorado Policy Studies • Charles Howe University of Colorado • Tracy Mott University of Denver • Daniel I. Rees University of Colorado – Denver • Thomas F. Rutherford University of Colorado • Polly R. Allen University of Connecticut • Paul Cantor Norwalk Community College • Jane D’Arista Financial Markets Center • Joyce Jacobsen Wesleyan University • Michael Lovell Wesleyan University • Spencer J. Pack Connecticut College • Gustav Ranis Yale University • Christopher Udry Yale University
.

……..Premise: In January of 2009, 209 creeple economists signed a petition promoting President Obama’s $825B so-called stimulus program, insisting that it would create jobs as projected within the plan. When it was implemented in February of 2009 there were a total of 132.8 million jobs in America. The program officially projected that by the 4th quarter of 2010 there would be 137.6 million employed, a net increase of almost 5 million new jobs. Instead, by the 4th quarter of 2010 there were only 130.3 million employed – a net loss of 2.5 million jobs from the beginning of the program.*  TEXTBOOK STIMULUS FAILURE!

StimulusQuestion: Can you see that there were actually less net jobs than the projection for if the stimulus plan had not been implemented at all?

.
Creeple economists who signed either the 2003 or 2009 economic petitions: They should be asked why they have not resigned in disgrace, and whether they have paid back their stolen tax cuts, as stipulated by universal Democratic Party doctrine.
.
• Henry Aaron The Brookings Institution • Robert L. Axtell The Brookings Institution • Dean Baker Center for Economic and Policy Research • Jared Bernstein Economic Policy Institute • L. Josh Bivens Economic Policy Institute • Margaret M. Blair Georgetown University Law Center • Ralph C. Bryant The Brookings Institution • Gary Burtless The Brookings Institution • Dallas Burtraw Resources for the Future • William T. Dickens The Brookings Institution • Randall Dodd Financial Policy Forum • Ernie Englander George Washington University • Jeff Faux Economic Policy Institute • William G. Gale The Brookings Institution • Sue Headlee American University • Alan G. Isaac American University • Catherine Langlois Georgetown University • Mark C. Long George Washington University • Charles W. McMillion MBG Information Services • Mieke Meurs American University • Lawrence Mishel Economic Policy Institute • Van Dorn Ooms Committee for Economic Development • Peter R. Orszag The Brookings Institution • Jonatha M. Orszag • Thomas I. Palley Open Society Institute • Adam Posen Institute for International Economics • Alice M. Rivlin The Brookings Institution; New School University • Carol Ann Rogers Georgetown University • Howard Rosen Institute for International Economics • Steven C. Salop Georgetown University Law Center • Isabel V. Sawhill The Brookings Institution • Robert Scott Economic Policy Institute • M.M. Shahjahan PHI Service Company • Stephen J. Silvia American University • Stephen C. Smith George Washington University • William Spriggs National Urban League Institute for Opportunity And Equality • Bernard Wasow The Century Foundation • Sidney Weintraub Center for Strategic and International Studies • Christian E. Weller Economic Policy Institute • Jeffrey Wenger Economic Policy Institute • Jonathan M. Orszag Sebago Associates, Inc. • John Williamson Institute for International Economics • Larry Buron Abt Associates • Max B. Sawicky Economic Policy Institute • Andrew F Brimmer Brimmer & Company Inc • James Reschovsky Center for studying health system change • Winston Harrington Resources for the Future • Laurence Seidman University of Delaware • John Kushman University of Delaware • Mary A. Burke Florida State University & Grinnell College • E. Ray Canterbery Florida State University • Richard D. Coe New College of Florida • Catherine S. Elliott New College of Florida
.

Conundrum: We were told that a “second depression” was avoided, but if 133.9 million jobs was a “second depression” (by their definition), what did they call the actual 130.3 million jobs? Incredibly, they called it “3 million jobs created or saved”! (What the … ?!?) The creeple economists’ prediction missed by 7.3 million jobs!!! Shouldn’t a loss of 2.5 million net jobs be called (by their own definition) “worse than a second depression“? In just two predictions (the one about the Bush tax cuts and this one) creeple economists were wrong by a total of 15 million net jobs over a period of 7 years – that’s over 2 million net jobs per year, for gawds sake!

[Tell me you are not scoffing off 15 million jobs – are you?]

Explanation: Do you think any of those 703 creeplenomics economists (including those from the previous page – there may have been some overlap) were fired from their jobs for so publicly making these two atrocious macroeconomic predictions that went so horribly wrong? (15 million jobs wrong!) No, I doubt it too. In all likelihood their creeple superiors promoted them with hefty raises just for publicly advancing creeple propaganda in the cause of enslaving you and everyone else to big-mommy government.

Conclusion: Again, creeple economic predictions are unrelated to reality – why listen to them?

Need and Demand: And again, creeple economists illustrate that they have no clue about the relationship between need and demand.

* Feb. 2009 revised upward to 133.3M and Q4 2010 revised upward to 130.8M


[This page is from The Paranoid Quiz website. To understand the context take the quiz.]
Advertisements