"Consider the first three paragraphs of a New York Times article about economists' views of President Obama's so-called stimulus:
Now that unemployment has topped 10 percent, some liberal-leaning economists see confirmation of their warnings that the $787 billion stimulus package President Obama signed into law last February was way too small. The economy needs a second big infusion, they say.
No, some conservative-leaning economists counter, we were right: The package has been wasteful, ineffectual and even harmful to the extent that it adds to the nation's debt and crowds out private-sector borrowing.
These long-running arguments have flared now that the White House and Congressional leaders are talking about a new "jobs bill." But with roughly a quarter of the stimulus money out the door after nine months, the accumulation of hard data and real-life experience has allowed more dispassionate analysts to reach a consensus that the stimulus package, messy as it is, is working.
So there's one group of economists that thinks the stimulus was insufficient, another that thinks it was harmful, and a third that thinks it was both beneficial and sufficient. This is not normally what one would describe as a consensus.
But then, if you read that third paragraph carefully, you'll see that the Times is claiming a consensus only in the third group, i.e., "more dispassionate analysts," which seems to be defined as those who think the stimulus is working. It's a consensus by tautology!"
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