Monday, May 23, 2011

The Stimulus Package Didn't Work

I've have discussed the stimulus package a lot. Here's the closing data:
Our benchmark point estimates suggest the Act created/saved 450 thousand government-
sector jobs and destroyed/forestalled one million private sector jobs. The large majority of
destroyed/forestalled jobs are in a subset of the private service sector comprised of health,
(private) education, professional and business services, which we term HELP services.

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