Saturday, November 7, 2009

Stimulus Schwimulus...

Employment Situation

THE EMPLOYMENT SITUATION -- OCTOBER 2009

The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in con-struction, manufacturing, and retail trade.

And yet they're barreling full-speed ahead with the vote on Universal Health Care today, regardless of the impact of such a bill. $1.2 Trillion over 10 years? If you believe that, I have a tunnel project in Boston to sell you - originally spec'd at a hair over $2B, but final costs more than 10X that. And that was a limited project in a single city in a single state. Imagine that, writ large...


Geoff over at Innocent Bystanders put the following chart together regarding unemployment figures and the 0bama administration's projections regarding the effect of the stimulus package:

Boy, it sure is a good thing we rammed through that trillion dollar stimulus bill without reading it, isn't it?

That is all.

Tip 'o' the keyboard to my good buddy sci-fi for e-mailing all this to me. He did all the heaving lifting, I just serve it up for ya...

2 comments:

SCI-FI said...

Racist!

You showed flaws in the emperor's plans! You must be a raaaaaaaaaacist!

Old NFO said...

Well done Sir, and yep, it's too bad they didn't read the bill, nor did they listen to their constituency...