Voodoo economics on ‘House of Cards’: Why Underwood’s jobs plan is crazy

President Underwood, played with scheming charm by Kevin Spacey, uses Washington, D.C., as a guinea pig for his policy. He tells District residents: “If you want a job, you get a job.”

Really, everyone gets a job? Economists consider “full employment” to be when 5% of workers are unemployed. Actual unemployment in Washington is currently 7.3%. Even with big government spending, it will take a lot of hiring to get unemployment down to even 5%. Underwood’s guinea pig has a long way to go in 18 months.

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