07/05/2009 06:12:14 PM EST
How's that "Hope" and "Change" workin' out for ya?
posted by Hugh Everett
One hell of a free fall.
One of the best indicators of the societal impact of a recession is to measure the percentage drop in employment, and the length of time it takes for employment to return to pre-recession levels.
By this measurement, the current recession is looking mighty scary. It is deep, long lasting, and there’s no turnaround in sight.
Barack Obama has been doing a great job of giving trillions of dollars to failed financial institutions and failed auto manufacturers and failed alternative energy sources. He is working hard to ensure survival of the weakest, but that’s not the way the Free Market is supposed to work.
None of this "stimulus" is stimulating the economy or creating jobs. The voters are starting to feel real pain.
With only 485 days until the 2010 midterm election, the clock is ticking. The whole world is watching.