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#42 | |
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The mantra they teach you, in any good statistics course, is, "correlation cannot be taken to imply causation." Choosing to ignore this rule tends to lead to dubious portrayals of the facts, like that shown above. It ignores external factors, such as the Eurozone Crisis. If all external factors were taken into account, the causal relationship between the stimulus and the unemployment rate could actually be the reverse of what the graphic above is trying to imply.
A man named Chad Stone wrote a good blog article on this subject, and he explains it better than I could. He is the chief economist at the Center on Budget and Policy Priorities. Here is an excerpt from his article on the stimulus: Quote:
I have heard a lot of negative claims being made about Barack Obama's policies and their effects. On closer investigation, I have found the majority of these claims to be based on seriously skewed facts at best, more often than not outright fabrication. In reality, Obama's policies have actually been fairly effective. |
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#43 | |
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Location: USA
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