February 23, 2025

3 thoughts on ““He started it!!”

  1. Nagowski says:

    I would urge you to take a course in economics to learn all sorts of fun things like counterfactuals (e.g. what the unemployment and employment levels would have been in the absence of a stimulus) and the longevity of business cycles (e.g. you can’t just stop community banks from failing on a dime).

    This is mindless drivel. Cornellians can do better.

  2. odysseus says:

    Mindless drivel? Excuse me?

    Perhaps Obama and his people should take your recommendations…after all, he did say the stimulus would prevent the unemployment from reaching 8% — maybe he meant 9%? Wait, maybe he meant 10+ %….

  3. Nagowski says:

    What Greg Mankiw says:

    http://gregmankiw.blogspot.com/2009/05/accountability.html

    Just because Obama inherited a bigger economic mess than his advisers thought does not mean that the stimulus was ineffective at preventing further job losses.

    Again. Counterfactuals.

Comments are closed.