«

»

Oct 11

Print this Post

A Mere Picture Says it All

As we continue to wade through unchartered territory with more than 9% unemployment for most of the last 2 plus years, many still question what, if anything, could the government have done better to cushion the blow from the recession.  Some argue that the American Recovery and Reinvestment ACT (ARRA) (aka the “stimulus plan”) was too little and the government should have spent more, while others argue that it was a waste of taxpayer money and the government should have intervened less than it did.

Although these are two diametrically opposed points of view, many agree that it is not so much how the Administration dealt with the recession; rather, it is that the Administration may have been uninformed on what they were actually dealing with.  A recent article by a columnist from the Washington Post makes this point with a mere picture from the president’s Council of Economic Advisers that predicted the impact ARRA would have on  jobs. There are three elements included in the graph:

  1. The projections for  what the unemployment rate would be if no stimulus were enacted in the depths of the financial crisis.
  2. The projections for what the unemployment rate would be with the stimulus plan.
  3. The actual unemployment rate.

About the author

Nicole Liska

I am a Principal at Fulcrum Inquiry, an accounting and economic consulting firm that performs damage analysis for commercial litigation, forensic accountings, financial investigations, and business valuations. I hold an ABD and MA in economics from the University of California, San Diego. I perform damages analyses and serve as a damages expert witness. My resume is on Fulcrum's website.

Permanent link to this article: http://betweenthenumbers.net/2011/10/a-mere-picture-says-it-all/

1 comment

  1. Kenly Uggs

    I must say your weblog is outstanding! I will undoubtedly arrive back again again!

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*