Friday, November 05, 2010

So How's "Stimulus" and "QE" Doing? Not Well.

The picture tells the story.


1 comment:

J. Strupp said...

The picture does tell the story: That fallout from financial crisis' have a much deeper and prolonged shock to an economy than experienced during your typical cyclical recession. Something completely miscalculated by the current administration.

And a measely $700 billion spent mostly on UI extensions, tax cuts and emergency aid to states undergoing collapsing tax receipts did exactly what it was capable of doing: Putting a bottom under the collapse.

And last and most important, that chart says one more thing: Our political leaders do not care about mass unemployment. It isn't a priority.

And the new batch incoming Congressmen care even less.