Wednesday, December 29, 2010

Why US Unemployment will Linger

The simple answer: Obama blew it. He didn't push for a big enough stimulus in early 2009 and when it was obvious it wasn't big enough he continued (and still continues) to pretend that his stimulus was "just fine".

The more detailed answer can be found in these graphs which show that the recovery has never taken root. The Republicans lies about "government spending" just isn't true. Except for census jobs, government jobs continue to disappear. And the rate of job creation can't even keep up with population growth. From an article in the NY Times...

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