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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (532167)	11/24/2009 7:02:36 AM
From: Road Walker	Read Replies (1) \| Respond to of 1575761

But it is absurd to suggest that you can say, ---- B: "We have measured how many jobs the stimulus has saved or created, and the number is X." It's also absurd to say "GDP grew at X.XX% in the third quarter", but they do it all the time. Or "100,000 jobs we lost in the 3rd quarter". They take the best info they have and project.... that's what economists do. Frankly the likelihood is to err on the low side since data on the downstream, indirect jobs created (or saved) by stimulus is impossible to measure. How many people who work at the diner or dry cleaners next to a school where people weren't laid off would have lost their jobs? That multiplied by all the jobs saved. No way to know. Are you arguing that economics should only be an exact science when it comes to the Obama administration?