East of Eden wrote:micatala wrote:East of Eden wrote:micatala wrote:East of Eden wrote:Cite where I ever said the claim was "unconditional".
I have cited the claim you made.
When you made the claim, you did not include the conditions that were part of the claim. Thus, the claim you made was that the Administration made an unconditional claim.
No I did not.
Yes you did. Your claim was that the Obama Administration said this:
East of Eden in Post #22 in this thread wrote:
What we can measure is that Obama said if his phoney stimulous was passed, unemployment would not go over 8%, it is now over 9%.
This is different than saying that the Administration said this:
Assuming current estimates that we are losing 500,000 jobs per month and given current estimates of job losses to date, we project that the stimulus should keep unemployment under 8%
I yet again call for evidence that the Administration's claim was the first of these and not something more like the second or a retraction.
And I call yet again for you to document your assertion that the claim was made prefaced by the assumptions. What we do know is this:
"On page four of the 2009 Romer/Bernstein report a chart states that the unemployment rate nationwide with the $821-billion economic stimulus package would peak at 8 percent."
If you have a quote related to that where Romer/Bernstein say that plus 'assuming the following assumptions are correct', let me know. Until then you don't have a case.
You allude to this quote from page four of the 2009 report. YOu claimed you had alluded to this report earlier than Post #195 in Post #195. However, I again searched and found no instance of this quote in the thread before Post #195. Perhaps you can clarify or document, did you refer to this before Post #195 or not?
At any rate, I see nursebenjamin has provided a link to the full report. He also has documented that the chart you allude was prefaced by assumptions.
How is this not evidence that your original claim is wrong? How is this not evidence that the claim was conditional, as I had stated?
And I have to say again, my counterclaims do not absolve you of providing evidence for your claims. I will take it that evidence has now been provided, by nursebenjamin, for a
conditional claim.
I do not accept that this is the same claim you made. "Assuming A, then B" or "B will follow provided conditions A1, A2, A3, etc. hold" are not the same as "B will occur."
Completely wrong. YOU are the one who needs to produce a prediction made CLEARLY tied in with the needed assumptions, rather than after the fact excuse making by Obama's people.
Well, I think nursebenjamin has done this. I will also attempt to find additional data supporting the differences between the estimates in play in January 2009 versus the reality.
Even if you did, it would not make my statement false, which was that they said unemployment wouldn't pass 8% and it did not happen.
I really do not understand how, given nursebenjamin's evidence, we can come to any other conclusion than that the claim as you stated is false.
Whether the failure was due to bad policy, bad data, or both, the bottom line failure is the same.
Again, if the conditions that the estimates were based upon were not realized, then there is no failure.
A: "If the car is going 50 mph, then the brakes will stop it in 100 feet."
B: "The brakes will stop the car in 100 feet."
You gave the second statement, claiming that is what the Administration said. It has been pointed out, and you seem at times to even acknowledge, that statement A is the kind of statement the Administration made, one with conditions. Your original claim did not include the conditions.
Again, where is the original statement clearly stating the conditions? That's all you have to come up with for me to retract.
See the report, the whole thing, and not the one sentence you pulled out without the context.
Furthermore, in addition to the general caveats, the report includes the following
First, the likely scale of employment loss is extremely large. The U.S. economy has already lost nearly 2.6 million jobs since the business cycle peak in December 2007. In the absence of stimulus, the economy could lose another 3 to 4 million more. Thus, we are working to counter a potential total job loss of at least 5 million. As Figure 1 shows, even with the large prototypical package, the unemployment rate in 2010Q4 is predicted to be approximately 7.0%, which is well below the
approximately 8.8% that would result in the absence of a plan.
The reality was job losses were more significant than these estimates from the time.
And in fact, job losses ended up being over 8 million.
wikipedia wrote:
United States
September 2008 – 280,000 jobs lost
October 2008 – 240,000 jobs lost
November 2008 – 333,000 jobs lost
December 2008 – 632,000 jobs lost[2]
January 2009 – 741,000 jobs lost
February 2009 – 681,000 jobs lost
March 2009 – 652,000 jobs lost
April 2009 – 519,000 jobs lost
May 2009 – 303,000 jobs lost
June 2009 – 463,000 jobs lost
July 2009 – 276,000 jobs lost
August 2009 – 201,000 jobs lost
September 2009 – 263,000 jobs lost
October 2009 – 111,000 jobs lost[3]
November 2009 - 64,000 jobs created[4]
December 2009 - 109,000 jobs lost[4]
Note that our current estimates, looking back, is that we lost 632,000 jobs in December 2008 and 741,000 in January 2009.
However, estimates
at the time were smaller.
http://www.epi.org/publication/job_loss ... r_of_2008/
Jobs Picture, January 9, 2009
Job losses ballooned in final quarter of 2008
by Heidi Shierholz with research assistance from Tobin Marcus
This morning the Bureau of Labor Statistics reported the nation shed 524,000 jobs last month, capping 12 months of declining payroll employment. The BLS also revised its employment estimates for previous months downward by 154,000 jobs, showing that the U.S. economy lost nearly 2.6 million jobs since December 2007.
THus, we actually lost almost 100,000 more jobs in December 2008 than what was estimated at the time. Just as I claimed, the economy was worse than was known when the Roemer report came out.
Here is a chart with updated numbers from the beginning of 2008 into 2011.
http://money.usnews.com/money/careers/a ... -job-gains
Note that the monthly numbers during 2008 and into early 2009 are again significantly higher than the 500,000 or so estimates at the time.
Also note that the total loss during 2008 was actually well over 3.5 million instead of the 2.6 million estimated in the report.
So, not only have you not substantiated your claim, I have now substantiated my counter-claim. Job losses prior to and during the time the claims in question were being made were much more significant than thought at the time.
The car was was going 80 mph, and not 50 mph.
So, actual evidence, now provided by nursebenjamin and myself shows that East of Eden's assertion is false. The claims made were absolutley conditional, and we provided the conditions. To portray the unconditional claim as what the Obama Administration said is simply not correct.
I should refrain from responding to the fallaciousness of your comparison until after you provide evidence or a retraction because your response here does not absolve you of your obligation to support your claims.
What are you talking about? You are the one claiming there is a statement out there clearly tied to assumed conditions, where is it? That''s YOUR job to come up, not mine.
Well, at this point, now that other people have provided evidence related to your claim that shows the conditions were there, this question has been answered.
However, I will reiterate that none of this means that you did not make an unsubstantiated statement, and that your portrayal of what the Administration said was incorrect, and that you never did substantiate your claim. The only source you alluded to supports my claim, not yours.
Where is the support that the Administration says what you said they said?
See above. They do not deny they made a prediction that didn't pan out, they just after the fact say their then assumptions were wrong.
THis is illogical. You again portray "If A, then B" as if it says the same as "B occured".
I am certainly willing to entertain I missed something. However, I have searched at length through the thread and not found any evidence that anyone from the Obama Adminstration said what you said they said, either with the context or without it. How about you at least provide evidence from an actual reliable source quoting the Administration in full, and not paraphrasing for your original claim of what they said.
Then why did Barney Frank say said prediction was 'dumb'?
One, this is irrelevant. Two this question has been answered multiple times already. Three, as noted above, as far as I can tell you never did provide even the short out of context quote from the report until Post #195, when you claimed you had provided it earlier.
Is there any reason not to continue to ask for a retraction of the original claim by East of Eden? As far as I can see, the one quote he alludes from the January 2009 report does not make the unconditional claim he portrays as what the Obama Administration said. The report includes caveats, and it includes specific estimates on job losses that had occured up to that time and what was expected to occur in the future and that were clearly used in coming up with the 8% projected unemployement number.
It is absolutely fallacious and incorrect to point to the actual unemployment rate going up to 10% as a failure of analysis or policy on the part of the Adminstration.
It is every bit as incorrect as what Bill said in the car analogy.
" . . . the line separating good and evil passes, not through states, nor between classes, nor between political parties either, but right through every human heart . . . ." Alexander Solzhenitsyn