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Unemployment Forecast: Too Much "Hope"

Calculated Risk... | Wed, 07/01/2009 - 3:33pm | Economic Stimulus, government stimulus plan, too much hope, unemployment forecast |  1 comment

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From David Leonhardt at the NY Times: A Forecast With Hope Built In In the weeks just before President Obama took office, his economic advisers made a mistake. They got a little carried away with hope. ... Without the stimulus, they saw the unemployment rate — then 7.2 percent — rising above
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