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... look I never even did economics 101. Pardon the ignorance.

But am I reading the figures right if:

  1. Actual Change in Jobs is SMALLER than the estimate of Jobs created in the public section?
  2. Does that imply that if it wasn't for the jobs in the public sector, there would be a decrease in the net jobs?

Slightly OT, but anyone in the US seen "Why We Fight" yet?
by Nomad on Tue Jan 31st, 2006 at 06:03:16 PM EST
  1. Yes, but the guy Colman quotewd is imprecise: the jobs on the graph aren't public sector jobs, they are private sector jobs created with government spending (i.e., more expanded bombs production and such). So if we included public sector job creation, the picture is even darker.

  2. Yes.


*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Wed Feb 1st, 2006 at 05:09:07 AM EST
[ Parent ]
Hey, I didn't quote anyone.
by Colman (colman at eurotrib.com) on Wed Feb 1st, 2006 at 05:10:24 AM EST
[ Parent ]
Sorry, I meant TGeraghty...

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Wed Feb 1st, 2006 at 06:18:01 AM EST
[ Parent ]
So I was seeing it right. About time I start shedding my 101 ignorance.

As for the Colman mix-up, this was rather a succinct TGeraghty post and as we all know Colman excels in succinct-cy... ;)

by Nomad on Wed Feb 1st, 2006 at 06:46:50 AM EST
[ Parent ]
I'm working on succinct-cy, as my last two diaries should indicate.

It's one of my New Year's resolutions.

by TGeraghty on Wed Feb 1st, 2006 at 05:00:50 PM EST
[ Parent ]

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