On NPR this morning there was a report(I forget from whom but credible) that said if the Stimulus package had not been passed then unemployment would have doubled in size and we would be in a depression deeper than the 1930's.
Originally Posted by catnipdipper
Hmmm...Methinks the unrememberable, yet credible, economist is interested in protecting the president's reputation. That's his opinion...but its only his opinion.
They are moving the bar on you...I would be offended. I remember being told that we absolutely had to pass the stimulus, or unemployment would go as high as 8%! Well, now that its hovering near 10%, we are told that it would have gone to double, or 20%, without the stimulus package? If that were the case, why wouldn't the administration use the 20% number as the selling point, instead of a paltry 8%?
I don't think anybody on this board is going to change their stance on the stimulus, so I won't go down that road....but some of the numbers these 'experts' come up with stretch the limits of absurdity.