February 6, 2010


Obama promised us that if we gave him a trillion dollars to play with, he could save the country from the economic downturn. He published the below chart, to show us how bad it would be without his help, and how much better it would be with his help. We all know the result. Congress passed a giant slush fund of money and unemployment didn't blink an eye as it marched up.

The current dip in the number is, at first, encouraging, until you realize that the unemployment didn't drop because more people found jobs than lost them. Actually 20,000 more jobs were lost in January. It dropped because people who give up looking for work are called "discouraged workers" and they are not included in the unemployment number. Discouraged workers had the biggest jump yet last month to up over a million people.
If you want to really understand unemployment, and not just read headlines, read this:

Please comment: Click "Comment", write comment, on comment as dropdown click "name/url", enter name on top line, hit "continue", hit "post"

No comments:

Post a Comment