Harvard econ professor Greg Mankiw, at his blog:
Tim Conley and Bill Dupor have a new paper on the American Recovery and Reinvestment Act (that is, the Obama stimulus bill). Their empirical findings
Our benchmark results suggest that the ARRA created/saved approximately 450 thousand state and local government jobs and destroyed/forestalled roughly one million private sector jobs. State and local government jobs were saved because ARRA funds were largely used to offset state revenue shortfalls and Medicaid increases rather than boost private sector employment. The majority of destroyed/forestalled jobs were in growth industries including health, education, professional and business services.
Change? Indeed. Hope? Well, I guess that depends on your point of view, doesn’t it: for instance, if you were hoping the Democrats would take other people’s money and give it to you, score!
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Their statistical analysis was obviously racially biased, and they’re racists for asserting that a black President failed to properly stimulate the economy.
Or at least, that’s what I predict will be said somewhere along the line…
http://www.nytimes.com/2011/05/15/weekinreview/15president.html?ref=todayspaper&pagewanted=all
I mean, the NYTimes is already essentially telling us it’s wrong to compare Obama to other Presidents; when as I recall they were charter members of the Obama as Kennedy/Lincoln/FDR/Reagan/who-evz bandwagon.
Blackadder: Come on, wouldn’t you like to make some money?
Comte de Frou Frou: No. I want other people to make it and give it to me, just like the good old days.
Trumka likes!
From Bob’s link:
“By the time Navy Seals took out Osama bin Laden this month, Mr. Obama’s war on terrorism made him look to some like George W. Bush. Yet as he soared in the polls, others forecast a repeat of the other George Bush, who enjoyed great popularity after winning the Persian Gulf war of 1991 only to crash at the ballot box a year later amid deep economic anxiety.”
Lets see Bush Sr. had 90% approval after Gulf War I and bottomed out at 30% creating a difference of 60%.
With some creative poll weighting Obama got his nose up to the 60% bar after Osama became chicken feed of the sea.
*Warning math question*
With even worse economic conditions present how many leg breaking Union thugs and New Black Panthers will be needed to prevent the 2012 election from making the 1980 (or the 84) election look like a respectably close race?
WHAT!!!
Danger, shut your mouf ;)