An Ol’ Broad’s Ramblings
Here’s Your Change
So, how’s that workin’ for ya!? In the grand scheme of things, I don’t think McCain would have been doing a much better job, but I do know he would have been more open about what what he was up to, unlike this administration.
See the full post at ARRA.
8 Comments »
« Huh?
Well…… This can’t be true. The administration told us the stimulus was working and we all know Obama doesn’t lie….. or does he…Hmmmmmmmmmm.
Gracious sakes….no! After all, he is The ONE!
Pfft! Biden said we’re in a depression. Well, he’s right….I’m about as depressed as I’ve been in quite a while.
Hey now, you haters! North Dakota, Minnesota and Colorado all went down….. so that means the stimulus is working, right?
Yay for progress! (never mind the rest of the country thats hemorraging money like a monetary hemophiliac)
Yay for hope and change!
This is cause for celebration. Lets go crack open another “stimulus”
And yet, that’s exactly what those economic geniuses (massive sarcasm here) are yapping about now.
unemployment is a lagging indicator. Most economists believe we are already out of the recession, and that unemployment will start coming down next year.
Uh huh…nyp. Got it. You don’t mind if I don’t hold my breath on that, do ya? Just askin’.
odbroad – I wouldn’t worry about holding your breath. Employment should start rising in two or three quarters — pretty much were Christina Romer predicted it would when modeling the stimulus plan. That still means a great deal of pain for millions of American families, for local governments and for lots of social institutions. But one cannot reverse the effects of the greatest economic shock since the Great Depression instantaneously. In the meantime, it is very good that the stock market (a “leading” rather than a “lagging” indicator) has recovered, and that economic growth has resumed. I am certainly glad that my 401(k) is starting to recover.
Well, you’ll have to excuse me if I’m not buying into the unicorns and rainbows.