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View Diary: POTUS and Rep. Pelosi Announce Plans to Win Back the House (317 comments)

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  •  Forget about FDR (0+ / 0-)

    the issue is measuring what happened in 2009, and fitting a solution scaled to the problem. NO?

    The entire ARRA was 787 billion, including tax cuts. Thats 5,2% of GDP.

    U6 peaked at 17.2%, thats about 27 million jobs. Using a multiplier of 2, spending 1.4 trillion would create 28 million jobs.. Thats 9.3% of GDP.

    Christine Romer wanted to spend 1.8 trillion - Dean Baker 1.2 trillion, they got these numbers by, in part measuring the contraction in jobs.

    .................expect us......................... FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Sat Jun 08, 2013 at 11:32:20 AM PDT

    [ Parent ]

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