Tuesday, November 10, 2009

Hey, looking at this again, I found this report that high unemployment is to be that way for years.

"Yellen said overall economic recovery was likely to be gradual and "remain vulnerable to shocks" as weakness of the commercial property market combined with the muted outlook for housing and consumer spending.

"With such a slow rebound, unemployment could well stay high for several years to come. In other words, our recovery is likely to feel like something well short of good times," Yellen said."

Remember, these jokers passed the stimulus bill with the promise of immediate impact. Slow-Joe Biden said that we've already seen it's results and they're better than they hoped.

Nope. Fail. Not even close. For the price of the stimulus package, Congress could have simply suspended tax collection for a few months. Or done nothing. Or gave the money directly to tax payers (a bad bad idea, but not as bad what they did do).

These dumbasses, Pelosi, Reid, Obama, Biden, etc., spent nearly a trillion dollars for this. And they aren't done. They also took about another trillion for TARP...which they used to buy General Motors, among other things, for their union thug friends.

Now, they're coming after more of the economy. And you're letting them.

Let's also note, Bush Bashers...

In W's term, after peaking following the 2000 Clinton Bubble and the 9-11 attacks, his unemployment numbers trend down for a long time.

I don't see how Obama plans to do that, unless he thinks he can borrow enough money to employ the whole country for ever.

Basic common sense:
Lower taxes
Cut spending
make a business friendly regulatory environment
stop being organized labor's muscle

UPDATE

Almost forgot, the unemployment graph above shows an upward trend, it may have something to do with this:
These aliens tend to swell poverty statistics and suck up jobs. Just sayin...

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