the most useless machine ever
Thursday, January 7th, 2010…and you can build one yourself.
Archive for January 7th, 2010
the truth about the stimulus
Thursday, January 7th, 2010Maybe you should read this.
I realize that Republicans and their most strident allies are entirely convinced that the stimulus didn’t work. I’ve also seen the polls that suggest Americans in general are skeptical about its efficacy.
But among economists, we seem awfully close to complete unanimity that the Democrats’ recovery effort rescued the economy from collapse, created jobs, and generated economic growth that wouldn’t have existed otherwise. Among those who know what they’re talking about, this isn’t even worth debating anymore — it’s simply an obvious truth.
If it was up to the Republicans we would all be living in caves and eating bark with the exception of the top one tenth of one percent income bracket.
