Putting today’s 7.2% unemployment rate (which is actually over 11% if using an accurate labor participation rate), here is the chart that puts it into perspective courtesy of the an “analysis” by Christina Romer and Jared Bernstein titled “The Job Impact of the American Recovery and Reinvestment Plan” from January 10, 2009. Oh yes, the ARRA did pass.
The chart, and the sheer and recurring economist idiocy, is self-explanatory
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/bmdOG9hFnvI/story01.htm Tyler Durden