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	<title>Donkasaurus Post &#187; economics</title>
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		<title>Megan McArdle &#8212; the Famous 17.6 million Jobs Created, &#8220;Jobless&#8221; Recovery</title>
		<link>http://donkasauruspost.com/2010/01/30/megan-mcardle-the-famous-17-6-million-jobs-created-jobless-recovery/</link>
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		<pubDate>Sat, 30 Jan 2010 09:44:49 +0000</pubDate>
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				<category><![CDATA[Football]]></category>
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		<description><![CDATA[Pundit (un)cool: &#8220;Where&#8217;s ma job at &#8220;duuuuuude.&#8221;  Seriously. McArdle, speaking in the Atlantic.
She&#8217;s a bit off on the numbers, too.
As noted here, by actual blogger Tbogg (not to be confused with &#8220;Tbow&#8221; who is Donkey Joel &#8211; Here might be the most ignorant and presumptuous media post ever &#8212; Achenbach&#8217;s &#8220;man&#8220;):
Megan McArdle – neither [...]]]></description>
			<content:encoded><![CDATA[<p>Pundit (un)cool: &#8220;<em>Where&#8217;s ma job at &#8220;duuuuuude</em>.&#8221;  <a href="http://meganmcardle.theatlantic.com/archives/2010/01/dude_wheres_my_job_1.php">Seriously</a>. McArdle, speaking in the Atlantic.</p>
<p>She&#8217;s a bit off on the numbers, too.</p>
<p>As noted <a href="http://tbogg.firedoglake.com/2010/01/29/the-return-of-the-mother-of-such-is-blogging/">here</a>, by actual blogger Tbogg (not to be confused with &#8220;<a href="http://tbogg.firedoglake.com/2009/12/12/jesus-to-cancel-christmas-if-america-makes-tim-tebow-cry-again/">Tbow</a>&#8221; who is Donkey Joel &#8211; <a href="http://voices.washingtonpost.com/achenblog/2009/09/media_matters_glenn_beck_and_t.html">Here might be the most ignorant and presumptuous media post ever</a> &#8212; Achenbach&#8217;s &#8220;<a href="http://voices.washingtonpost.com/achenblog/2009/09/where_the_sun_dont_shine.html">man</a>&#8220;):</p>
<blockquote><p>Megan McArdle – <a href="http://meganmcardle.theatlantic.com/archives/2010/01/dude_wheres_my_job_1.php">neither economist nor historian</a>:</p>
<blockquote><p><em>But the last two recessions were characterized by lingering unemployment–t<strong>he infamous “jobless recovery” under Clinton </strong></em><em>and Bush</em>.</p></blockquote>
<p><a style="text-decoration: none; color: #0f6691;" href="http://www.foxnews.com/story/0,2933,242424,00.html">Reality</a>:</p>
<blockquote><p><em>When Clinton was in the White House, the economy generated <strong>17.6 million jobs </strong></em><em>during the corresponding period — from January 1993 to December 1998.</em></p></blockquote>
<p><a style="text-decoration: none; color: #0f6691;" href="http://clinton4.nara.gov/WH/New/html/20000112_1.html">Bites</a>:</p>
<blockquote><p><strong><em>The Unemployment Rate Was 4.2 Percent in 1999 — the Lowest Since 1969</em></strong><em>. The unemployment rate was 4.1 percent in December bringing the average unemployment rate for 1999 to 4.2 percent — the lowest since 1969. The unemployment rate has fallen for seven years in a row. It has remained below 5 percent for 30 months in a row. For women the unemployment rate was 4.1 percent — the lowest since 1953</em>.</p></blockquote>
<p>Obviously unemployment is not understood by those who should be unemployed.</p></blockquote>
<p>A professor weights in on McArdle, <a href="http://inversesquare.wordpress.com/2009/07/29/why-andrew-sullivan-is-right-about-megan-mcardle-but-not-in-the-way-he-thinks/">on another occasion</a>:</p>
<blockquote><p>But the punchline for this story is that Megan McArdle in fact knows very little — not nothing, but not much either.</p>
<p>Which brings me back to my headline.  I don’t read McArdle much because I know she doesn’t know what she’s talking about, and the glibness of her ignorance and the infantile quality of her ideology &#8230; piss me off.</p></blockquote>
<p>Well, at least, for a person who claims to be an economics expert, McArdle knows her unemployment facts.</p>
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