The picture tells the story.HT: AOSHQ
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1 comment:
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.
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