Changes

{{QuoteBox|This suggests just how hard it is for Keynesian job creation to work in a modern, expertise-based economy. The stimulus was implemented at a time when the Keynesian model had every chance of succeeding on its own terms. The high level of unemployment and the rapid deadline for spending created both the supply of workers and the demand for workers. If the job market results are so lackluster in this setting, economists should expect even weaker stimulative results during more modest recessions.}}

{{QuoteBox|This suggests just how hard it is for Keynesian job creation to work in a modern, expertise-based economy. The stimulus was implemented at a time when the Keynesian model had every chance of succeeding on its own terms. The high level of unemployment and the rapid deadline for spending created both the supply of workers and the demand for workers. If the job market results are so lackluster in this setting, economists should expect even weaker stimulative results during more modest recessions.}}

And the ''Wall Street Journal'' observed:

And the ''Wall Street Journal'' observed:

{{QuoteBox|The lesson of such on-the-ground knowledge is that the stimulus was a lost opportunity. In practice it became a shotgun marriage between an economic theory justified by computer models and 40 years of liberal social priorities (clean energy, Medicaid expansions and the rest). This produced the 9.1% unemployment we now have.<ref>[http://online.wsj.com/article/SB10001424053111904716604576544500632493510.html Why the Stimulus Failed,] ''Wall Street Journal'', September 8, 2011. </ref>  }}

{{QuoteBox|The lesson of such on-the-ground knowledge is that the stimulus was a lost opportunity. In practice it became a shotgun marriage between an economic theory justified by computer models and 40 years of [[liberal]] social priorities (clean energy, Medicaid expansions and the rest). This produced the 9.1% unemployment we now have.<ref>[http://online.wsj.com/article/SB10001424053111904716604576544500632493510.html Why the Stimulus Failed,] ''Wall Street Journal'', September 8, 2011. </ref>  }}

==Indicators down==

==Indicators down==