Man, what a waste - and it's not just the overseas handouts either. The whole idea of counting jobs on a project by project basis is ridiculous. The stimulus was supposed to keep unemploymnt no higher than 8% by "pumping" a massive amount of money "into the economy". It is a macroeconomic program designed to have a systemic effect on the economy as a whole, so the only numbers that count are the net total jobs. Right now we're at minus 3 million, so the stimulus has failed spectacularly, and I don't want to hear them touting this or that program.
It's like a guy who's going bald rubbing a magic elixur on his head every day and insisting it saves or creates hair even though he keeps getting more bald. The remaining hairs on the sides of his head have been "saved", and the new hairs on his ears, nose and back have been "created" - big success!
Submitted by forest (not verified) on 20 November, 2009 - 08:58
Man, what a waste - and it's
Man, what a waste - and it's not just the overseas handouts either. The whole idea of counting jobs on a project by project basis is ridiculous. The stimulus was supposed to keep unemploymnt no higher than 8% by "pumping" a massive amount of money "into the economy". It is a macroeconomic program designed to have a systemic effect on the economy as a whole, so the only numbers that count are the net total jobs. Right now we're at minus 3 million, so the stimulus has failed spectacularly, and I don't want to hear them touting this or that program.
It's like a guy who's going bald rubbing a magic elixur on his head every day and insisting it saves or creates hair even though he keeps getting more bald. The remaining hairs on the sides of his head have been "saved", and the new hairs on his ears, nose and back have been "created" - big success!
Submitted by forest (not verified) on 20 November, 2009 - 08:58