Friday, November 05, 2010

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

The picture tells the story.

HT: AOSHQ
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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.

11/05/2010 11:34 AM

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