Saving and Creating

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.

Here’s the latest from the White House: the 2009 stimulus package has “saved or created between 2.5 and 3.6 million jobs as of the second quarter of 2010.” You can see this in handy chart form on the right.

Now, obviously you can argue with the CEA’s analysis here. Maybe their baseline counterfactual is bogus. Maybe their GDP calculations are off. Whatever. For the most part, though, the actual complaint seems to be with their “saved or created” formulation.

As a partisan tool for tea party gatherings, I get why someone would mock this. But I’ve seen plenty of more mainstream types mock it too. Why? Isn’t this the obvious formulation you’d use if you were trying to calculate the effect of some economic policy or other? If you give the state of Florida some money and they use it to prevent a bunch of cops and teachers from being laid off, doesn’t that do as much for the employment rate as going ahead with the layoffs and then using the money to hire a bunch of new park rangers? Is there some reason, aside from crude partisanship or Maureen Dowd-esque puerility,1 for anyone to have a problem with this?

1Is that a word? Well, it should be.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate