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Fox analyst: Obama's stimulus helps economy

Senior Fox Business Economist Mark Lieberman obviously needs a good talking to from Fox's song and dance commissars. In his advance piece on today's jobs report, he based his conclusions on data and research!

He thinks that Obama's stimulus, passed by Congress a year ago, is not only contributing to job growth but is generating a "multiplier effect," meaning the resulting growth is greater than the cost of the stimulus. He cites the recent NBER paper by Monacelli et. al. estimating a 1.2 percent Keynesian multiplier.

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Here's Lieberman:

And there was a dramatic increase.

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