GDP, unemployment, job creation, federal deficit, average hourly wage. These and other national measures are the way to evaluate national policy.
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Walmart gave a bonus. Walmart gave a raise. Walmart closed some stores and laid off everyone who worked there. That's business news. An anecdote. A data point.
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It's especially misleading in this age of information bubbles. In Red Bubble: anecdotes of bonuses and raises. In Blue Bubble: anecdotes of closings and layoffs. Two Disconnected Americas.
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This isn't the government's job (except, maybe, in extraordinary macroeconomic circumstances). I thought we agreed on this. Either way, it definitely does not paint an accurate picture of the costs and benefits of fiscal policy. Stop it. (I know they won't). Alright. Rant over.
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End of conversation
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Of course, the relationship between government & economy is nuanced. If it hadn't been for the WARN Act, I would not have received 60 days notice before I was laid off from Pfizer in 2010. Conversely, Pfizer's decision regarding pensions apparently was purely business.
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