[lbo-talk] America's fiscal union

[Miles Jackson]

Doug Henwood wrote:
> On Sep 8, 2011, at 12:41 PM, Jordan Hayes wrote:
> 
> 
>> I think there were a lot of people who nominally supported the
>> stimpak who now say: well, we tried that, and it didn't work.
> 
> 
> Oh yeah. Try making the argument to a skeptic/opponent that goes
> something like this: "Unemployment crept higher for a few months
> after the StimPak passed, and then declined for about a year and a
> half. The decline stopped just as the effects of the stimulus was
> waning. This is exactly what could be expected from ARRA. It wasn't
> as stimulative as it could have been, and it was too short lived, but
> the economy did follow the script." All true, but they will not
> believe you.
> 
> Doug

This is what makes me fear for the future.  If a large subset of people 
in our society simply ignore economic evidence that contradicts their 
worldview, how can we possibly survive?

Miles