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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (628493)9/18/2011 10:08:48 AM
From: SilentZ1 Recommendation  Read Replies (3) of 1578510
 
>Also, you might want to tell us how stimulus "prevented a crisis from turning into a catastrophe," especially when job growth right now is essentially zero.

The economy and the jobs numbers were in free fall when the stimulus hit. GDP began going back up (although GDP is not a terrific measure of how the economy is really doing), and the jobs numbers did get better; just not as much better than the administration said they would. But, if you recall, that's really what many economists said would happen (and what I thought, too), because the stimulus wasn't big enough. But that's what you'd expect would happen when you try to fill a $2 trillion hole in demand with a stimulus package that, depending on how you figure, is only 20-40% that large.

And no, I don't think that Obama's current jobs proposal is enough, either. But I'd rather see some improvement than none at all -- it's people's livelihoods on the line here.

-Z
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