This entry from Paul Krugman’s blog is well worth reading: Stimulus arithmetic (wonkish but important) – Paul Krugman Blog – NYTimes.com I agree with the basic conclusion. As things are shaping up the stimulus plan being put together is a whole lot weaker than we need. And it appears to be that way purely to […]

As soon as finished opining about the CBO report where I hinted that their unemployment outlook looked a little rosy I saw this report in MarketWatch on the ADP release today: ADP data show 693,000 private-sector jobs lost in December This is ugly stuff. Normally employers hold off firing employees until after the holidays, so […]

Having waded my way through the Congressional Budget Office forecast a few things stand out. First: the proposed stimulus plan is actually quite small when compared with the hole in the economy that is emerging. The best way to calculate the needed ‘fix’ is to look at where the economy would be were it operating […]