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Old 10-02-2009, 12:48 PM   #5
Trample the Elderly
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Join Date: Dec 2008
Location: Three Chopt Virginia
Age: 47
Posts: 2,906
Re: September unemployment is 9.8 percent

Quote:
Originally Posted by Schneed10 View Post
Well to make a declaration like that you have to do a lot more digging than just looking at September's 9.8% and summarily passing judgment.

You have to analyze jobs to ascertain:

- How many people would be unemployed if the stimulus wasn't passed? Would it be more than 9.8%?

- How many people have adjusted their standard of living? For example, my wife became a stay at home mom last month. She's not looking for another job, but she doesn't want one either.

- How many jobs have been created by stimulus funds to date? How many are planned?

- How many jobs have been created/lost thanks to economic conditions. These creations/losses would happen regardless of stimulus.

It's a complicated exercise to accurately determine whether stimulus worked. Don't be a headline grabber when it comes to this stuff, focusing on the headlines leads to thoughtless debate and a lack of critical thinking.
-You also have to factor in how many anti-aircraft carrier missiles the CHICOMS can buy with the interest off the money we've borrowed from them.
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