Thursday, February 10, 2011

Brad Schiller: "Stimulus Ineffective"

See Doing the Math on a Jobless Recovery: President Obama has urged us to be patient, but must we wait until 2018 to get back to full employment? From the WSJ, 2-9-11, page A15. He is a professor of economics at the University of Nevada, Reno. The main thing he talks about is how long it will take to get back to full employment at the current rate of job growth given how many people are unemployed and how many enter the labor force each year. He concluded with "The math of joblessness is exceedingly bad news for American workers. It's also a sobering reminder of how ineffective stimulus policies have been."

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