Tuesday, October 06, 2009

Greg Mankiw's Blog: Accountability?

Follow the link to see the chart on the predicted versus actual effects of the Obama stimulus on unemployment.

When the Obama stimulus plan was proposed, the president's economic team put out a report in January 2009 that purported to show what would happen with and without the fiscal stimulus. The chart above is from page four that report, together with the actual results over the past couple months. As you can see, the actual outcome is significantly worse than the projection with the stimulus plan and is, in fact, roughly on track with what was projected without the stimulus.

Posted via email from The Blue Pelican

No comments: