Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Normal
It certainly does. Your argument is that the stimulus made more people unemployed because more people are unemployed now than we were expecting. Similar argument: I put in a lot of overtime recently on a project that I thought would take me one week to finish. Instead it took me two weeks. Does that mean that I shouldn't have worked overtime because it slows down the project?It is easy to see how economists can underestimate how bad a recession is and predict less employment than we end up experiencing despite a stimulus. It is harder for me to see how spending raises unemployment on the short term as you claimed. How can creating jobs for people boost unemployment on the short term?
It certainly does. Your argument is that the stimulus made more people unemployed because more people are unemployed now than we were expecting. Similar argument: I put in a lot of overtime recently on a project that I thought would take me one week to finish. Instead it took me two weeks. Does that mean that I shouldn't have worked overtime because it slows down the project?
It is easy to see how economists can underestimate how bad a recession is and predict less employment than we end up experiencing despite a stimulus. It is harder for me to see how spending raises unemployment on the short term as you claimed. How can creating jobs for people boost unemployment on the short term?
