Washington Post Reports that Spain Claims World Cup Victory, but Netherlands' Fans Contend Their Team Won

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Wednesday, 01 September 2010 04:52

This would no doubt be how the Washington Post's economic reporters would have covered the World Cup final. They would not have bothered to tell readers that Spain in fact did win the World Cup, regardless of what the Netherlands' fans claim.

This comes up in the context of the impact of the stimulus where the Post treats us to a he said/ she said. The Post has a quote from an economist at the Center on Budget and Policy Priorities who says the stimulus was a good idea and helped the economy. It also features a quote from an economist at the CATO Institute who says that it didn't help the economy and just added to the debt.

Maybe we could check with the ref. The Congressional Budget Office says it increased GDP by between 1.7 percent and 4.5 percent. They also calculate that it reduced the unemployment rate by between 0.7 and 1.8 percentage points. Private forecasters, such as McCain economic adviser mark Zandi, come up with similar estimates. This would have been useful information to include in this article.