Now that the Great Recession has been declared dead and gone by everyone who failed to see the possibility of it happening in the first place, it is important to examine the reasons for its demise.
The White House has been busy declaring that its Stimulus policies have created or saved 640,000 jobs. We should note that the White House originally claimed credit for 1 million jobs, and only revised them down after realizing that they are spending $234,000 for each job saved. More revisions are sure to come.
It’s also important to note that the job number is based on mathematical calculations and is impossible to prove.
One thing that can’t be denied is that the stimulus did have an effect on the economy. It’s this impact that needs to be examined further.