2min chapter

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425. Remembrance of Economic Crises Past

Freakonomics Radio

CHAPTER

Is There a Communication Failure in the Great Recession?

President Obama's economic team had a number of ideas that didn't work out. They included the making work pay tax credit, which was supposed to encourage businesses to hire more workers. The idea never gained traction because people weren't aware they got it and thought their taxes were going up rather than down. President: "I think some of it was a communication failure"...

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