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Response to Enrique (Reply #28)

Sat Dec 17, 2011, 05:36 PM

30. The Impact of the Recovery Act, In a Few Easy Charts, by Jared Bernstein



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Unemployment always lags growth by at least six months, but a few months after ARRA kicked in, it stopped growing.

But thatís only half of what these simple graphs show. The other piece of information they yield is even more important. As the stimulus fades, the positive trends begin to falter: both GDP and job growth slow significantly, and unemployment stagnates at a highly elevated level.

The message of these three simple graphs is itself disarmingly simple: the stimulus worked. It prevented recession from becoming depression. It just ended too soon.

And thatís why the Presidentís new jobs agenda is so damn important
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http://jaredbernsteinblog.com/the-recovery-act-worked-in-a-few-easy-charts/

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