{"id":1887,"date":"2009-06-08T12:42:09","date_gmt":"2009-06-08T16:42:09","guid":{"rendered":"http:\/\/stonescryout.org\/?p=1887"},"modified":"2009-06-08T12:42:09","modified_gmt":"2009-06-08T16:42:09","slug":"betting-on-the-stimulus","status":"publish","type":"post","link":"https:\/\/stonescryout.org\/?p=1887","title":{"rendered":"Betting on the Stimulus"},"content":{"rendered":"<p>In a post from about a month ago, I noted that the Obama administration put out a prediction of what would happen if the stimulus bill was passed and if it wasn\u2019t.&#160; They predicted a smaller bump in the unemployment rate if their stimulus plan passed.&#160; Spend the money, they said, and the pain would be eased.&#160; <\/p>\n<p>Those on the Right, however, said that trying to spend our way out of this wouldn&#8217;t work, and suggested that &quot;stimulus&quot; spending in the 1930s put the &quot;Great&quot; in &quot;Great Depression&quot;.&#160; Instead, we&#8217;d be saddled with government debt for a generation.<\/p>\n<p>In that previous post, I noted that Geoff of the Innocent Bystanders blog had put up a graph showing that unemployment looked like it was about to get worse than even the Obama administration&#8217;s worst-case, no-stimulus scenario.&#160; Well, May&#8217;s numbers are in, and he&#8217;s updated the graph.<\/p>\n<p><a href=\"http:\/\/michaelscomments.wordpress.com\/2009\/06\/05\/the-may-unemployment-numbers-are-here-and-worse-than-predicted\/\"><img loading=\"lazy\" decoding=\"async\" title=\"Stimulus-vs-unemployment-may\" style=\"display: block; float: none; margin-left: auto; margin-right: auto\" height=\"256\" alt=\"Stimulus-vs-unemployment-may\" src=\"http:\/\/michaelscomments.files.wordpress.com\/2009\/06\/stimulus-vs-unemployment-may2.gif?w=460&amp;h=280\" width=\"420\" \/><\/a><\/p>\n<p align=\"left\">Those red dots rising up, month after month, are the actual unemployment figures.&#160; So we get record-setting debt and an unemployment curve worse than predicted for doing nothing.&#160; Government intervention is sounding worse with each passing month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a post from about a month ago, I noted that the Obama administration put out a prediction of what would happen if the stimulus bill was passed and if it wasn\u2019t.&#160; They predicted a smaller bump in the unemployment rate if their stimulus plan passed.&#160; Spend the money, they said, and the pain would [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,15],"tags":[],"class_list":["post-1887","post","type-post","status-publish","format-standard","hentry","category-doug","category-economics-taxes"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/posts\/1887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1887"}],"version-history":[{"count":0,"href":"https:\/\/stonescryout.org\/index.php?rest_route=\/wp\/v2\/posts\/1887\/revisions"}],"wp:attachment":[{"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stonescryout.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}