First miracle

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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