Current Events — HabitableZone

Current Events » in reply to Don't celebrate until you're in the end zone.

Re: Don't celebrate until you're in the end zone.

No one is celebrating. But I am certainly encouraged.

I can say I've been far less partisan than those here on the right. I have acknowledged that the Bush bailouts, while flawed for lacking transparency, saved the global economy from a massive meltdown. They certainly have something to do with the graph I posted starting this thread. As of course have Obama's policies.

And of course the stimulus hasn't been fully spent, but the non partisan CBO credits it with saving and creating 1.6m jobs. It also predicts that number will grow to 2.5m. The 1.6m job directly credited to the stimulus doesn't count all the jobs saved created indirectly, because more employed people spend money, which has a multiplier effect throughout the economy.

Want more proof on the benefits of the stimulus? Look at what GOP pols tell their constituents when they go back to their districts and try to take credit for all the good done by stimulus money they voted against!

Your comments about the unemployment rate somehow inevitably topping off at 10% is bizarre! Are you aware the unemployment rate in the 1930s was 30%?

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