Hermit, of course the only solution is to do nothing. That's what the Invisible Hand is all about. And the concept is not limited to economics. Didn't Rush Limbaugh say that nothing should be done about the BP oil spill, and that nature would heal itself in due course? Well, there you go! The only part that people seem to overlook, though, is that the Invisible Hand is operated by the Nonexistent Brain. But as any conservative will gladly tell you, brains are overrated.
"So much of left-wing thought is a kind of playing with fire by people who don't even know that fire is hot." George Orwell
Since you're in the to-do something crowd and with Obama doing something-- What was the UE rate before the stimulus was passed? What is the UE rate today with the stimulus?
Bullshit. Those are guesses, probably as accurate as Christina Romer's 2009 "forecast" of what unemployment would be with and without "stimulus." <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2904752>
What's your point exactly? You do understand that the stimulus was done to slowdown the UE rate which was in freefall.
Guess where the neocon got his numbers, thats right, from the neocon group heritage.org. http://blog.heritage.org/2009/07/02/unemployment-spike-defies-âstimulusâ-claims/ For neocons like him, even WSJ isnt right wing enough for him. The three forecasting firms represented are fully in the mainstream; the individual forecasters are regularly polled in the WSJ survey, among others http://www.econbrowser.com/archives/2010/02/assessing_the_s.html
Btw, hermit. That graph was produced by the Obama team during the transition after the 2008 election....its HIS numbers. Here's a link to the report. The graph is on page 5. http://otrans.3cdn.net/45593e8ecbd339d074_l3m6bt1te.pdf