Zero promised with the passage of his stimulus bill that unemployment would only reach 8% this fall... However without it's passage unemployment would reach 9%... We stand today with unemployment at 10.2% way above the "do nothing" scenerio.
http://www.nytimes.com/2009/11/16/opinion/16douthat.html?_r=1&ref=opinion Now there is talk of more "stimulus" How many more jobs will be lost with this fantasy? When as a country you are printing money... and running up huge deficits.. I mean ASTRONOMICALLY HIGH deficits... is it any wonder that no one has the confidence to invest in America? Even my banker said it this morning... "I just wish they would stop with the throwing money at political objectives." It isn't working... |