I hear so much talk on the other side that the stimulus program didn't--reputable economists say the unemployment rate would be at 12.5 to 13 percent if we hadn't had the stimulus package. And again, that's why we're so worried about the magnitude of the cuts here having a countercyclical effect.
Norman D. Dicks: “I hear so much talk on the other side that the stimulus program didn't--reputable economists say the unemployment rate…”
Editor's note · Context
The speaker discusses the impact of the stimulus program on unemployment rates.
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