Optimism and Unmeasurables

People are starting to note that the economic forecasts on employment data that were used to help sell the stimulus package were overly optimistic, and Administration officials are starting to admit as much.  (It would be hard to argue to the contrary in view of the increasing unemployment rates.)  And, others are skeptical about the job claims underlying the stimulus package on other grounds and are asking important questions — namely, what does it mean to “save” or “create” jobs anyway, and how can we measure whether that is actually happening?

Unfortunately, I think the unemployment rate is going to get worse before it gets better.  I hope I am wrong.

2 thoughts on “Optimism and Unmeasurables

  1. Sadly, given the Obama administrations’ “involvement” in key points of the private sector, there’s no guarantee that things will get better any time even reasonably soon.


  2. Pingback: Fishy Stimulus Spending « Webner House

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s