[lbo-talk] Newsweek Poll: 57 percent say government spending onjobs should be top priority

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sat Sep 4 08:32:45 PDT 2010


Shane, in response to Doug, writes:


>> They were wussy about it, but there's no doubt that ARRA spent
>> a lot of money and preserved millions of jobs that would have
>> otherwise disappeared. Latest CBO estimates:
>>
>> http://www.cbo.gov/doc.cfm?index=11706.
>
> And yet the number of unemployed workers today is bigger than the
> number that Obama claimed would be unemployed *without* his ARRA.

Yes, that's exactly what is meant by "was wussy about it" -- it was some, but not nearly enough. I would have been worse without it, even though it didn't completely do the trick. Krugman makes this point all the time.


> When that 57% support "government spending to create jobs" and no jobs
> are created ...

Logic error: some != none.

/jordan



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