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Whitewing

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Oldtimer said:
The Jobs/Stimulus bill is not even 6 months into what is a 2 year plan...Many of the local jobs just started because of weather- others are held up because the factories can't get geared up fast enough to make the steel needed....

You don't just go from a country on the brink of oblivion (where Bush had taken us) to a full blown booming economy overnight.....
Talk to me about it 2 years down the line...


Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead.


You invited the forum to discuss this issue with you 2 years down the line.

Well, what the hell happened? :???: :???: :???:
 
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Anonymous

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Working pretty good in this area- with Montanas unemployment down to 7.3% -- with our county in the 4% range and some neighboring and nearby Montana counties in the 2 and 3% ranges for unemployment....Job service on their daily radio report today said they have hundreds of job openings to fill in this area alone..
If you're looking Whitewing- and know how to work- there is a job for you...

And folks in this area can't believe yearlings already selling for $1200-1300+ per head-- calves at $800-$900 per head-- cull bulls/cows selling for $.80- $1 per pound (saw where a 2131lb cull bull sold for $2110 the other day :) ).... $10-$11 a Bushel wheat with many talking $15 by this fall... :)

Working pretty well here....Now if Exxon quits pumping their crude oil into the Yellowstone River- and fuel drops the estimated half buck that is predicted this summer to keep down fall trucking costs- I'd be plumb happy...

Only negative I heard is that Montana will soon go over the million population number-- as I like the sparseness...


Federal Reserve Bank forecasts Montana will have moderate growth

By JENNA CEDERBERG of the Missoulian missoulian.com | Posted: Saturday, July 2, 2011 10:45 pm


.

These days, even “continued moderate economic growth” is a good sign.

And if the models from the Federal Reserve Bank of Minneapolis’ midyear economic outlook hold true, that’s exactly what the state of Montana will see through 2012.

The forecast shows Montana due for upticks in employment, personal income and consumer spending.

The Minneapolis Fed branch covers the Ninth District, which includes Minnesota, Montana, North and South Dakota, northwestern Wisconsin and the Upper Peninsula of Michigan.

The report suggests the district will see moderate growth as its economy continues to perform better than the nation as a whole, said Toby Madden, regional economist for the Minneapolis Fed.

In Montana, the report predicts that unemployment will dip to around 7 percent next year, as employment is expected to grow by more than 2 percent in both 2011 and 2012.

The state’s unemployment rate remained steady in May at 7.3 percent, despite modest job gains. The unemployment rate has decreased from 7.5 percent at the start of the year, the state Department of Labor and Industry reported last week.

However, the Fed statistics also predict unemployment rates will remain above historical averages. The historical mean in Missoula is 5.8 percent. Unemployment is projected at just over 6 percent by 2012.

Businesses owners helped paint the rosier picture expected for the Ninth District in the coming year, expressing overall optimism about the region’s economic recovery in a Minneapolis Fed survey.

In 2010, survey respondents had a much gloomier outlook, with almost all predicting a decline in employment and very slow growth as the national recession continued to hold businesses hostage.

This year’s survey, however, showed most businesses sensing an upswing in sales, hiring and profits. Out of 160 respondents, two-thirds of business owners said they expect sales revenue to increase in 2011.



Read more: http://missoulian.com/business/local/article_dcbb0212-a508-11e0-950f-001cc4c002e0.html#ixzz1RHIeTSrp
 

Whitewing

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So that boom in Montana is an Obama boom....a direct result of the Obama stimulus package?

Why is it it's working in Montana but not in most other states? What's up with that?
 
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Whitewing said:
So that boom in Montana is an Obama boom....a direct result of the Obama stimulus package?

Why is it it's working in Montana but not in most other states? What's up with that?

Got me- maybe MT government/politicians better utilyzed it....

But I can't see why anyone in production Agriculture isn't smiling from ear to ear..
 

MsSage

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The Houston Chronicle reported this week, “Texas’ farmers and ranchers are coping with their eighth drought in the last 13 years, and this one, while still young, has a chance of slamming producers with their biggest losses ever, officials said.

Nearly four fifths of Texas is under extreme or exceptional drought. Reuters reports, the “dire drought” has “expanded across the key farming state of Kansas … the top U.S. wheat-growing state” over the last two weeks, “adding to struggles of wheat farmers already dealing with weather-ravaged fields.”

http://www.drought.unl.edu/dm/monitor.html

Wildfire season normally begins here in July, but this year has been different, with fires starting much earlier in the year and covering more territory than usual. Even East Texas, which is normally less likely to experience wildfires, has experienced the largest fires in history, and there is no rain-relief in sight.

The link is a drought map ...I didnt get the NM info with the wildfires its as bad if not worse than Texas.

So again OT as long as things are good for you ...you could care less the rest of America is going under...yeah ok Mt officials know better than anyone else LOLOLOLOLOLOLOLOLOL what was his name you HATE so much ...seems he must be doing something good
 

hypocritexposer

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2011

Oldtimer said:
Working pretty good in this area- with Montanas unemployment down to 7.3% --


2009

The Montana unemployment rate has reached an almost all time high; at the end of 2009, the unemployment rate was 6.9%.

http://www.mahalo.com/montana-unemployment-rate/


Loss of 9800 jobs: (through to Nov 2010)




Stimulus_Final_Report_Jan_2011_final
http://www.docstoc.com/docs/69615198/Stimulus_Final_Report_Jan_2011_final
 

Mike

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OT is contributing a spike in cattle prices, that is no higher than 1991's cattle prices, and wheat prices, from world droughts, to Buckwheat?

What a stupid son of a biatch.
 
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MsSage said:
The Houston Chronicle reported this week, “Texas’ farmers and ranchers are coping with their eighth drought in the last 13 years, and this one, while still young, has a chance of slamming producers with their biggest losses ever, officials said.

Nearly four fifths of Texas is under extreme or exceptional drought. Reuters reports, the “dire drought” has “expanded across the key farming state of Kansas … the top U.S. wheat-growing state” over the last two weeks, “adding to struggles of wheat farmers already dealing with weather-ravaged fields.”

http://www.drought.unl.edu/dm/monitor.html

Wildfire season normally begins here in July, but this year has been different, with fires starting much earlier in the year and covering more territory than usual. Even East Texas, which is normally less likely to experience wildfires, has experienced the largest fires in history, and there is no rain-relief in sight.

The link is a drought map ...I didnt get the NM info with the wildfires its as bad if not worse than Texas.

So again OT as long as things are good for you ...you could care less the rest of America is going under...yeah ok Mt officials know better than anyone else LOLOLOLOLOLOLOLOLOL what was his name you HATE so much ...seems he must be doing something good

So now your drought is Obama's fault? Oy Vey :roll: Did he also cause all our rainfall and floods that flooded us out for 3 months?

You're about as far out in left field as the folks that claimed GW caused Hurricane katrina....
 

okfarmer

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Hypo, you stopped a little short on posting. What was Texas looking like?


Passed through Odessa yesterday and there was over a handful of help wanted signs that was obvious from the interstate and an add on the Radio looking for employees.

I'm sure this is because of the stimulus. :wink:
 

MsSage

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I KNOW its not obama fault BUT you did say ag people should be smiling from ear to ear......corn, wheat, prices are rising, too many cattle so prices are dropping, local jobs are no longer available. Wildfires burning 100,000's acres.

Oh but rest assured obama did sign the rual commitee executive order so it will be ok, the Washington elite will save the farmers........
 

Tam

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Montana 2006 unemployment rate 3.2%
Montana 2007 unemployment rate 3.3%
Montana 2008 unemployment rate 4.5%
Montana 2009 unemployment rate 6.9%
Montana 2010 unemployment rate 7.2%
Montana 2011 unemployment rate 7.3 %


Seeing these US Department of Labor Bureau of Labor Statistics will you Please explain this comment Oldtimer

Working pretty good in this area- with Montanas unemployment down to 7.3%

The trend in the Bureau's numbers for Montana is not in a downward trend Oldtimer :roll:
 
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Statewide, the seasonally adjusted unemployment rate remained steady in May at 7.3 percent, despite modest job gains. The unemployment rate has decreased from 7.5 percent at the start of the year. The U.S. unemployment rate also has remained fairly constant at 9.1 percent, with small gains in job levels, according to the Department of Labor and Industry.

It was 7.5%...

Tam--what are your neighboring counties? If I remember right they were some of those in the 3-4% range...Some in eastern Montana are at 2%...Then there are the Reservation counties that are double digit..

Tam- if you need a job-- and want to work- I can get you a dozen jobs tomorrow...
 
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this thread is exactly why this board need lb and myself. you guys are idiots...all of you...

who got the bailouts? wall street

are the banks lending? no

cattle prices are up because? the dollar is going down...look at gold...cattle prices did not go up, you are looking at the dollar diving

have we solved our problem with the derivatives? no and this will be what ends the financial world as we know it:

http://www.midasletter.com/index.php/the-value-of-gold/

The financial debt situation in the US has become unsustainable. In 2010, US federal revenue was $2.16 trillion. Today, total outstanding public debt is $14.3 trillion and growing at a rate that nearly equals revenues. However, if we include unfunded liabilities such as Medicare obligations, Social Security obligations and military and civil servant pension obligations, the real total amount is over $120 trillion. It is not remotely realistic to assume that the US can support or repay $120 trillion of debt with $2 trillion of revenue. Is this situation being taken seriously? The answer is no, the US is driving past the stop sign and through the red light. This year, the US has distinguished itself by being the only advanced economy to increase its underlying budget deficit in 2011.

If we take into account over-the-counter (OTC) derivatives, the situation is even more dire. Total OTC derivatives – conservatively estimated – amount to $600 trillion (several sources say it is closer to $1 quadrillion). This is an incomprehensible number considering that world GDP is only $60 trillion. How is this possible? Using the conservative number of $600 trillion, the entire world’s GDP is swallowed if 10 percent of the $600 trillion fails and requires a bailout. Renowned gold commentator Jim Sinclair describes the characteristics of OTC derivatives and I’ll paraphrase. OTC derivatives are:

1. Without regulation;
2. Without listing on a public exchange, there is no open market for bid/ask;
3. Not transparent;
4. Dealt in private treaty negotiations;
5. Unfunded without financial guarantee of any kind;
6. Ability to pay dependent on balance sheet of the loser;
7. Evaluated by computer assumptions that assume all markets return to normal relationships regardless of disruptions;
8. Notional value becomes real value when the agreement is forced to be sold;
9. 85 percent of OTC derivatives are interest-rate sensitive.
Does the fact that there is a minimum of $600 billion of these “weapons of mass financial destruction” (Warren Buffett) concern anyone?

So, is it remotely realistic to assume that the US can support or repay $120 trillion of debt with $2 trillion of revenue? The answer is no. The debt, the unfunded liabilities and the potential/probable percentage of further OTC derivative failure bailouts cannot be supported without resorting to QE3, 4, 5 and so on.

The US is “cash flow insolvent,” as they can no longer meet their debt obligations on time as they become due. If it were not for their ability to monetize trillions in debt and bailouts via the printing press, this saga would have been over many years ago. The debt has been kicked down the road and it will only get worse as time goes on. Accept the pain now and it will hurt. Delay it and it will be extraordinarily painful.
While the rate of increase in money supply is increasing, the concept is nothing new. The Federal Reserve has expanded money supply since 1971, when the US came off the gold standard, from $776.6 billion to $13.937 trillion as of December 2010. The increase of currency has become exponential and is already leading to inflation sweeping throughout the economy. This ‘scheme for the confiscation of wealth,’ as former Federal Reserve Chairman Alan Greenspan described inflation in 1966, has been devouring purchasing power ever since the gold standard was cut. In fact, as the rate of money supply increases, so does the devaluation. All the world’s major currencies have lost between 70 and 80 percent of their value compared to gold in the last decade alone. Gold, meanwhile, has gone up nearly 4,000 percent since 1971. In truth, it is not only gold that is rising, it is currencies that are depreciating compared to gold.
 

Tam

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The Bureau of Labors numbers show Montana's unemployment rate going up year after year even though Oldtimer claimes it is going down. :wink: Oldtimer also claims the stimulus money was spent wisely in Montana SO let's see just how they spent some of their stimulus money. :wink:


A new report says that $64 million in federal stimulus money meant to bring broadband to rural parts of Gallatin County was awarded to an area that already had ample access to high-speed Internet service.

Then there is Whitetail Port that wasted $1.5 million of the $15 mil. allotted for the one way port. I've was there the other day, all they got for their $1.5 mil was a plan and a hill that was left at risk of sliding in the next big rain storm. :roll:

Oh let's not forget the $141-thousand dollars being spent to send students from Montana State University to China to study dinosaur eggs.--According to the senators' report, nine students "were given a six-week, all-expense paid trip to China. Question how many jobs did this actually create Oldtimer?


Next we have $49,140 in stimulus money that the city of Bozeman spent on tennis courts
Even though the federal law prohibits spending stimulus money on projects such as swimming pools, golf courses, zoos, casinos and aquariums, seems tennis courts were just fine under the Mayor of Bozeman's rules. :roll:


Add to that $18,500 to refurbish a mural in the city's Veteran's Memorial Park band shell in Helena.
Again the federal law prohibits spending stimulus money on projects such as swimming pools, golf courses, zoos, casinos and aquariums but to the Mayor of Helena refurishing murals was fine. :roll:

These are just a few of the stimulus, shovel ready, job creating, projects Montana spent their money on and these are mild compared to the waste in other States.

Oh and to answer your question about the job Oldtimer no thanks I doubt I would care to work at anything you would find for me. But maybe you can help those Montanan's that live in counties with 12% unemployment get a job. :wink:
 

hopalong

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perhaps you can tell us why the unemployment is at 7.5% if as you claim there are so many jobs available :roll: :wink: :roll: EH??? Oh Vey??
 

Tam

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Say Oldtimer here is another stimulus story I'd like you to reply to. :wink:

By JIM ABRAMS
The Associated Press
updated 5/23/2011 6:34:42 PM ET 2011-05-23T22:34:42
Share Print Font: +-WASHINGTON — Thousands of companies that cashed in on President Barack Obama's economic stimulus package owed the government millions in unpaid taxes, congressional investigators have found.

The Government Accountability Office, in a report being released Tuesday, said at least 3,700 government contractors and nonprofit organizations that received more than $24 billion from the stimulus effort owed $757 million in back taxes as of Sept. 30, 2009, the end of the budget year.

The report said the tax delinquents accounted for nearly 6 percent of the 63,000 contractors and grantees examined and cautioned that the real number might be higher because the known tax debt does not measure such factors as income underreporting.

Among the examples was an engineering firm that received a $100,000 stimulus act contract but owed $6 million in taxes. The IRS called it "an extreme case of noncompliance." A social services nonprofit that received more than $1 million in stimulus funds owed taxes of $2 million.

The GAO referred those two cases and 13 others to the IRS for further investigation.

On Tuesday, a Senate Homeland Security and Governmental Affairs subcommittee will hold a hearing on the report.

Federal law does not prohibit tax delinquents from getting government contracts or grants, though there are provisions that enable the government to withhold payments in some cases. While the federal government requires contractors to present documentation that their taxes are paid, some recipients escaped federal review because the money was disbursed at state or local levels.

Sen. Carl Levin, D-Mich., chairman of the investigations subcommittee holding the hearing, said it's been known for years that a few federal contractors and grantees don't pay their taxes.

He said a program to recover funds from tax delinquents has been strengthened, and "the executive branch has made it clear" that nonpayment of tax can be grounds for denying a specific contract or barring a contractor from bidding on any contract. He added that the executive branch should "get on with it" and bar "the worst of the tax cheats from the contractor workforce."


Answer this Oldtimer how can your hero Obama step up and ban these contractors from government contracts when he, your hero, appointed TAX CHEATS to his Administration, namely to the Treasury that is responsible for collecting taxes?

If that would not be a perfect example of DO AS I SAY NOT AS I DO, nothing would be. :roll:
 

Tam

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While you are paying attention Oldtimer, mind telling us what you think about dead people and prisoners getting STIMULUS checks?


Approximately $18 million worth of stimulus funds went to Americans who are dead, according to report released by the Social Security Administration's inspector general released Thursday.

More than 89,000 payments worth $250 each, taken from the $787 billion stimulus package, were doled out to either dead people or prison inmates. Seventeen thousand incarcerated Americans received an aggregate $4.3 million from the economic relief package.


What happen to "NOBODY MESSES WITH JOE" and keeping track of the money to make sure it was not wasted? :?

OH wait, he took the names off the Dems voters list :wink: , I see, :nod: never mind, :oops: if they can vote they are surely qualified to get a stimulus check for their efforts. :wink:
 

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