I found the graph in "Calculated Risk" : it illustrates the job impact of president-elect Obama's recovery and reinvestment plan.According to this graph, the plan will have an immediate and significant effect on the unemployment rate. No time lag at all. One must have a strong, unshakeable faith in the new messiah to believe in such an effect !
I sincerely hope the graph will be proven right, but I simply cannot believe it. No profound economic analysis here, just common sense, and a lot of experience with economic time lags ...
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