8537
VIP Member
unemployment went as high as 10% and until this month never dropped below 9%.During that two year period, job losses went from 800,000 per month to job creation. GDP went from losing 9% annualized to gaining 5% annualized.
You confuse the "job created" number with the "net job" number.
If company A goes out of business, but company B is able to stay in business becuase it got a big stimulus check and a government contract as well...and company B has no competition now becuase company A went out of business, company B has a larger market share and is able to hire more employees to fill the demand created by the loss of company A.
So company A loses 100 jobs...but company B hires all 100 of them....there are 100 jobs created due to the stimulus but a net 0 MORE jobs actually resulting from the stimulus.
Come on man....you are smarter than that!
Heck...you are smarter than me!
8537 is among the dumbest most ill informed SOB's on economics on this board. He cannot tell the difference between job creation and net job creation.
LOL. Someone has a fetish.
The irony is that you're attempting to call me an "ill informed SOB on economics" using an erroneous piece of information. In other words, you're full of shit. But we knew that already. Get a new hobby.