Friday, September 2, 2011

Balanced News

TRY CHECKING YOUR PERSONAL IDEOLOGICAL BELIEFS AGAINST THE DATA

Left-wing, right-wing, doesn’t matter. Here are the actual data:




Spending



So who increased spending the most?

(No doubt it’s too much.)

(War spending does not explain all of this.)




Deficits



So which is the better trend?


(And this is before any of the recently-negotiated cuts “kick in”.)




The Stimulus and Jobs



So did the stimulus help job growth or not? (And remember, each man spent about half of the total stimulus)


Did we stop too soon?


Could we have better-targeted the money to steepen the job growth trend?








A Very Good Question:

If your beliefs about what has been happening do not square with the actual data, then what are you going to do?

Change your thinking and use the data? Or keep your beliefs?


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