The NY Times summarizes yet another study showing how dumb I am, being in the Fox News demographic; Aaron Worthing at Patterico's Blog responds.
The study's authors admit that "truth" can be slippery, but they lose their humility at the starting gate - their first "truth" is that “most economists who have studied it estimate” that the stimulus bill "saved or created several million jobs".
The first speed bump is that a mere 8% of their survey respondents actually endorses this wisdom. Talk about the Great Unwashed! But their evidence also merits a laugh track:
“[The] CBO concluded that for the third quarter of 2010, ARRA had “increased the number of full time-equivalent jobs by 2.0 to 5.2 million compared to what those amounts would have been otherwise.”
Hmm, so now the CBO represents "most economists"? Who knew?!? And how impressed should we be that the government gave itself a passing grade? Surely they can do better than that.
Actualy, they don't, and stop calling them Shirley; here is their other bit of support:
“Since 2003, the Wall Street Journal has maintained a panel of 55-60 economists which it questions regularly, in an effort to move beyond anecdotal reporting of expert opinion… In March 2010 the panel was asked more broadly about the effect of the ARRA on growth. Seventy-five percent said it was a net positive.”
Please. The authors provide a link to the WSJ article in question, and it is hardly bereft of clues as to their direction:
Economists Credit Fed For Alleviating Crisis
Economists say stimulus helped but point to central bank's key role
And skipping a bit:
Thirty-eight of the 54 surveyed economists, not all of whom answered every question, said the American Recovery and Reinvestment Act boosted growth and mitigated job losses, while six said the legislation had a net negative effect.
On average, economists estimated that the stimulus added one percentage point to growth in 2009; they forecast gross domestic product would expand 3% this year, compared with 2.2% in the absence of stimulus. They estimated that the February unemployment rate, reported at 9.7% last week, would have been 10.4% without the stimulus.
That is a reduction in unemployment of 0.7% on a workforce of roughly 150 million, or about 1 million jobs, which falls short of "several million". The positive thinkers will want to credit some additional employment to the extra 0.8% of GDP growth forecast for 2010; a reasonable estimate seems to be another 0.4% reduction in unemployment, or 600,000 jobs.
Color me dumb but I doubt that a majority of economists believe that 1.6 million equals "several million". If the study authors are aware of more compelling evidence that "several million" jobs were created by the stimulus, they really should have used this opportunity to present it. The WSJ link they provide only gets them into field goal range.
The study continues with further illustrations of my stupidity (I am wrong to disbelieve the CBO machinations which tell me ObamaCare will reduce the deficit), but time does not permit a full cataloging of my ignorance.
CHUGGING ALONG: Their second issue on which the public is woefully ignorant is ObamaCare: apparently a mere 13% of survey respondents embrace the CBO and believe that a huge, complicated new entitlement program will defy history and come in under the politically gamed budget. Go figure.
Issue three is the status of the recovery. 44% correctly believe the economy is starting to recover; 55% are so foolish as to think that things are getting worse, little appreciating that "The US Bureau of Economic Analysis concluded in September 2010 that the recession had ended in June 2009".
Well, put me in the 44%, and the stock market is on my side. On the other hand, over at the BLS I learn that total employment reached 140 million in June 2009; it then dipped to 138 million by December 2009 and is now at 139 million. The unemployment rate was 9.5% in June 2009, reached 10.0% that December, and is now 9.8%. And as of September 2010 (prior to the new tax bill and stimulus) 22% of the WSJ economists surveyed were forecasting a double dip recession. Put it together and I wouldn't pound the table saying the skeptics were wrong.
Issue four:
The National Academy of Sciences has concluded unambiguously that climate change is occurring. However, a substantial 45% of voters thought that most scientists think climate change is not occurring (12%) or scientists are evenly divided (33%). Fiftyfour percent recognized that most scientists think that climate change is occurring.
Not only do I want to go with the crowd on this one, but I am not sure how one might defend either minority view as to what "most scientists" believe. But I bet I'll find out!
Issue five:
Large numbers of voters had misinformation about which President initiated the Troubled Assets Relief Program (TARP). Asked which President had started the program, 40% believed incorrectly that TARP was started under President Obama, not under President George W. Bush. Fifty-five percent were correct that the program began under Bush.
Facts are stubborn things. However, the authors get Orwellian here:
TARP was passed in Congress with considerable bipartisan support. Majorities of Democrats in both houses favored it. Republicans were divided overall: a large majority of Republicans favored it in the Senate, and while House Republicans leaned negative, this was by a narrow margin. A majority of voters were correct about Democratic support for TARP, but views were mixed on how the Republicans voted.
How soon they forget - TARP was shot down on its first pass through the House. From the Sept 30 2008 WaPo:
A bipartisan rebellion in the House killed a $700 billion rescue plan for the nation's financial system yesterday, sending global stock prices plunging, prompting fierce recriminations on the presidential campaign trail and dealing President Bush his worst legislative defeat.
...On the 228 to 205 congressional vote, 140 Democrats voted yes and 95 voted no; 133 Republicans opposed the measure, while 65 approved.
That relates to this attempt to test people's memories:
Respondents were asked: “When Congress voted on the bailout for banks and financial institutions in 2008, please select how you think the Democrats and Republicans voted: [each] mostly favored it, mostly opposed it, or were divided.” Sixty percent of voters were aware that Democrats had mostly favored TARP (opposed it, 9%; were divided, 26%). Regarding Republican congressional support, 31% thought correctly that Republicans were divided; 31% thought they mostly favored it; and 33% thought they mostly opposed it.
Divided does look like the most descriptive answer.
Issue Six:
Respondents were asked: “Is it your impression that the bailout program for Chrysler and General Motors occurred under President George W. Bush, President Barack Obama, or both presidents?” Fifty-three percent believed the GM-Chrysler bailout occurred under President Obama only. Another 16% thought it occurred under President Bush only. Just 28% were correct that the GMChrysler bailout occurred under both presidents.
GM and Chrysler got $17 billion at Christmastime from Bush and $63 billion under Obama, who orchestrated the union bailout and got all the headlines.
Issue Seven was a Dem attack:
In October an article on the website ThinkProgress.org launched the claim that the U.S. Chamber of Commerce was using large amounts of money raised from foreign sources to support Republican candidates. Most voters—60%--were aware that this charge about the Chamber of Commerce was not proven to be true. However, a substantial 31% did believe the claim that “the US Chamber of Commerce was spending large amounts of money it had raised from foreign sources to support Republican candidates and attack Democratic candidates” was proven to be true.
Issue eight was on the original stimulus:
Although the stimulus legislation included about $288 billion in tax cuts, this was not the understanding of a majority of voters. Instead, a modest majority of 54% of voters believed there were no tax cuts in the stimulus legislation, while 43% knew it did include tax cuts.
The study links to a Politfact article explaining that $70 billion of that $288 billion came from the AMT fix, so it was a "cut" only in the sense that the AMT fix which had always been adopted before was adopted yet again (but might not have been!). These authors would give a better impression if they showed evidence of reading their own sources.
Issue nine is a bit frightening:
Although President Obama has more than doubled the number of troops in Afghanistan, four in ten voters had a different perception.
Respondents were asked, “What is your impression of what the Obama administration has done in regard to the number of US troops in Afghanistan—increased them, decreased them, or kept them the same?” Forty-three percent mistakenly believed that the Obama administration had either kept troop levels the same (20%) or actually decreased them (23%). A 55% majority was aware that the Obama administration increased the number of US troops in Afghanistan.
The silver lining for Obama - with this kind of pubic awareness he won't have trouble with an anti-war movement.
Issue ten is meant to tweak the birthers, rally the faithful, and raise my blood pressure:
As you may know, some people have suggested that President Obama was not born in the United States. Do you think that Obama was not born in the US, Obama was born in the US, or it is not clear whether Obama was born in the US or not?”
They accept the Hawaii summary certificate as conclusive.
For my money, it is clear that:
The state of Hawaii has a more extensive file documenting the circumstances of Obama's birth;
That file contains documentation sufficient to prompt the state to deliver a birth certificate, so presumably they are satisifed he was born in Hawaii;
State privacy laws prohibit the state from sharing that file with the public, but they would release it to Obama or any relative/trustee with a legitimate interest in his history;
Obama has not requested and released his file, a process I estimate would take a day (I assume the President would be accorded special treatment).
So, why is the most transparent administration in history so opaque on this minor point? My official editorial position is that "Obama" is the most tightly controlled brand since Mickey Mouse (and is becoming synonomous with just that), so he is just saving this material (and his law firm billing records, and his college transcripts, and everything else) for his eight-figure book deal.
My back-up guess is that the file includes something embarassing, such as a legal name change from "Barry" to "Barack" while a teenager. The omission of that detail (if true) from "Dreams From My Father" might trigger some clucking.
And the long-shot back up to the back up is that the "proof" being accepted by the state of Hawaii is simply affidavits from his mother and maternal grandparents asserting he was born in Hawaii. The obvious motivation would have been to document Barack (Barry?) as an American so that if the shotgun marriage didn't last a custody fight would play out in American courts.
Of course, in that long-shot scenario, those affidavits might be accurate, and the affiants have all passed away. But I suspect such a revelation would prompt even the authors of this study to question the clarity and foundation of their faith in the circumstances of Obama's birth.
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