well, of course the stimulus package helped in the short term. there's no question about that....
Posted by
x (aka dmuck)
Jul 29 '11, 14:20
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if you pour that kind of stimulus on, it's going to have an affect. i'd sure argue that it wasn't worth what it cost and the long term effects are more negative than positive, but it'd be completely silly to argue that it didn't have a short term positive effect.
but what this carving up of productivity really points up is that the unemployment problem is completely structural. which may also be something i've heard you say before!
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