Friday, November 6, 2009

Stimulus fail.

This graph was originally published by the Obama Administration when they wanted to highlight how the stimulus would solve the jobs crisis.

Since then, the Innocent Bystanders blog has updated the graph monthly with the actual unemployment numbers since the stimulus was enacted.

It's too bad the original graph didn't go higher than 10%.

In addition, the Associated Press tells us:

But the loss of jobs last month exceeded economists’ estimates. It’s the 22nd straight month the U.S. economy has shed jobs, the longest on records dating back 70 years.

Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.

Can we have our $787 billion back?


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