ST Alpha - "how do you know it hasn't saved millions? it's a counterfactual but how much worse would unemployment be but for the stimulus" (Reading a Post)

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how do you know it hasn't saved millions? it's a counterfactual but how much worse would unemployment be but for the stimulus

Posted by poochinski (aka chris) Feb 17 '10, 11:25

the fact is the rate of growth of job loss has slowed considerably over the last year. not shedding jobs at hundreds of thousands a month is just as good as creating that many new jobs in this environment

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[deleted] 7
- Because you can't point to Bob and say "he didn't get fired directly because of the stimulus" but you can point to Sue and say "she lost her job - TWuG Feb 17, 11:33
- what says volumes to me is not even getting to a level where jobs created keeps up with the people being added to the labor pool.... - x Feb 17, 11:31
- which speaks towards political realities, not actual reality. -- nm - Reagen Feb 17, 11:30
- back to the facts, has the rate of job loss slowed in the last year or hasn't it? -- nm - poochinski Feb 17, 11:30 3
  - [deleted] 2
    - and i'm sure if the job losses were as great as they were in Bush's last year, you wouldn't at all place the blame on Obama - poochinski Feb 17, 11:35 1
      - [deleted]

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how do you know it hasn't saved millions? it's a counterfactual but how much worse would unemployment be but for the stimulus

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