There are plenty of historical studies that come to the opposite conclusion from this one. I'd be interested to see what economists think about it, and I imagine they will talk about it in the near future.
I assume you're speaking to my simple analysis as being unsupported by data.
I should have also added 'Ceteris Paribus'
But that aside, I think in very simple terms. I also believe that each recession has unique issues that alter the effect of the data and the algorithms must be adjusted to reflect this.
In today's economy we've issues beyond Economics. Or maybe it is part of or a major component of the Economic issues and that is Congress. Historically both sides sought to remedy while today either side seeks to destroy the economy for political opportunity or refrain from any action (democrats) in order to have their political hammer.
Dollars make dollars and the simple truth is that the fewer of them being spent will cause constricted business activity and reduce the Revenue the Government needs to balance its books and as that continues Business constricts more and that produces fewer dollars being spent and the spiral continues... I can see no other way to alter that than to stimulate but with the notion that the effect will produce a zero sum within the economic cycle. It never has to my knowledge because of other issues occurring during those cycles... like War and stuff.
I'd favor Isolation or a move toward that with all the bits and pieces considered... But, we won't go there and there are arguments against it in the long term... short term we do suffer Comparative Disadvantages with many of our trading partners to the extent we don't play or play in their parks.
Today, we can create jobs... but I look at the net dollar earned by those jobs... Tell me Obama created 4m jobs and I ask how much is the dollar delta of the folks who were working and lost their jobs but now work again... I would like the analysis to be in equivalent earnings.... That is the real deal... While even lower paying jobs is great the stimulus effect might oughta looked at in terms of the short and long term... As well as the micro and macro aspects...
heeheheheh No one ever offered me a tenured track so what do I know... Well... I know Albertson's is reducing its workforce 2500 people in California for some reason and it ain't more Mom and Pop stores and it is probably more Costco and Wallymarts... lower wages created for those or some fewer than 2500 souls...
Edit: Smart businees moves to maintain earnings on a large large scale is what we've seen over the last decade or more.... How does Government, whose job is to provide for the needs of the people, deal with that? We need some 150k jobs a month to just deal with new entry workers....
My simple math says 36 months of Obama or any other president at 150k jobs a month is.... lots of jobs and we've gained 4m... hmmmm something not balancing yet.
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