Wednesday, November 3, 2010

Rosy

No they obviously don't get it.

The stimulus was passed on the basis that it was unacceptable for unemployment to remain above 8% through the middle of 2011. This was not crazy talk at the time, what was crazy was thinking that having 2.5 years of 8%+ unemployment was acceptable. Now the rosy scenario is 8%+ unemployment through the end of 2012.

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