You know how most Americans (and pretty much all Republicans) think the 2009 Stimulus didn’t do anything but increase the deficit? Well, they’re wrong.
But on Wednesday, under questioning from skeptical Republicans, the director of the nonpartisan (and widely respected) Congressional Budget Office was emphatic about the value of the 2009 stimulus. And, he said, the vast majority of economists agree.
In a survey conducted by the University of Chicago Booth School of Business, 80 percent of economic experts agreed that, because of the stimulus, the U.S. unemployment rate was lower at the end of 2010 than it would have been otherwise. LinkBecause a relentlessly repeated lie will win over the truth nearly every single time.
4 comments:
And 80% of theologians agree God exists. No need to bother with any of that pesky evidence stuff.
So economic experts, whose job is to measure and analyze the economy are akin to theologians whose entire discipline is based on a myth?
Unverifiable statements backed up only by appeals to authority are worthless, regardless of the source.
You make a fair point (as a general concept).
But in this context, he's summarizing the current learned position. The CBO itself has published evidence that the stimulus worked (I've posted many of the charts from the data.) Economic studies have shown the stimulus worked.
If Richard Dawkins were testifying that 99% of biologists believe in evolution, it wouldn't prove evolution, but it would show that evolution is not controversial and its basic validity is not questioned by the scientific community of those who should know. I think this comment is in the same vein.
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