... was the first full day of the stimulus thingie:
We put this up because, you know, besides covering animation we're also a labor blog ... and the video above is about job loss and job creation.
I'm one of those who believe the stimulus didn't work as well as it could have because it was under-powered. But of course, nobody knew how deep the depression was in February, 2009. The negative numbers -- shrinking GDP and rising unemployment -- were half of what they ultimately turned out to be.
And I know that, three years farther on, one of the memes out there is that the stimulus "failed," so it's useful to look at charts and numbers. And this video has a lot of them.
If you're a "fresh water" economist out of the Friedman-University of Chicago school, you believe that Keynesian economics has been discredited, is old hat, and that "nobody takes it seriously anymore," (etc.) But I fall into the Franklin Roosevelt, Ronald Reagan and Dick Nixon camps. They were all practicing Keynesians, and I'm a Keynesian too.
Now, let the snark-filled attacks and political mudslinging begin! ...