Professor at the University of California at Berkeley and former Secretary of Labor Robert Reich claims on his personal blog, "the stimulus is working but it is far from adequate. Before the stimulus, we were losing more than 500,000 jobs a month. Now that 40 percent of the stimulus has been spent, we are losing more than 250,000 jobs a month."
There are numerous problems with this assertion with the most significant being the lack of source or explanation of the data. And assuming the data is correct, there is the problem of correlation does not mean causation. However you lean, the jury is clearly still out.
But I would just point out the above graph (discovered via Greg Mankiw's blog) which is now being widely circulated around the net. I would really like to know where Reich found his data and how it was compiled.
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