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Obama Speech on Deficit and Taxes

On April 13 2011, President Obama's speech on the new budget proposal presented a strong contrast to that by the republican dominated congress, presented by Paul ??. While this is hardly a "global" event, it is an important determiner of the future of this country, and hence of the influence of the US in the world. I was curious to see how it would fit into the ongoing series of Obama dominated events, so did an exploratory look. While the outcome isn't strong, it is consistent with the series -- a positive deviation, with Z about 0.5, larger than the average.

Obama Speech on
Deficit and Taxes

It is important to keep in mind that we have only a tiny statistical effect, so that it is always hard to distinguish signal from noise. This means that every "success" might be largely driven by chance, and every "null" might include a real signal overwhelmed by noise. In the long run, a real effect can be identified only by patiently accumulating replications of similar analyses.

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