You;re speculating that te recovery would have been faster, even those economists you cite didn't use data from 19356-36, because they knew that it would disporve their argument they cherry pciked for 39 after the recession
No the negative effects in 37 and 38 were caused by a reduction in government spending and an increase in taxes on the lower tax brackets, before then it was only higher income eraners that were paying higher taxes, payroll taxes are regressive taxes Jackson, meaning they effect lower earners more than higher earners. Payroll taxes aren't an increase to wages Jackson, they garnish wages, to pay for social security. You argue that they were no longer mitigated by government spending, the fact is the opposite, they weren;t the culprits in 37 and 38, it was the contractionary fiscal policies of 37 and 38 that led to the downturn, not wage inflation and price fixing. A reduction in government spending meant less employed and an increase in taxes meant less disposable income.
Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!! It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!! Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)
