RSS
Is this the bottom?
If you think way back to late January, you may remember that the administration was touting its economic stimulus plan as the only means to “save or create” three to four million jobs. They warned that, with passage of the economic stimulus, the economy would still suffer with unemployment rising to between 8 and 9 percent; but without the stimulus, we were looking at 12% unemployment. Well, luckily, we passed the stimulus because, don’t look now, but the unemployment rate just hit 8.1%. If they weren’t shining us on, then we are at or near the bottom of this crisis. It appears we can all take a deep breath because Washington has saved us. We should expect the next report on housing will show that prices are recovering.
Of course, they might have been shining us on.
March 12th, 2009 at 9:06 pm
more than likely they were just mooning us.
April 3rd, 2009 at 4:24 pm
[...] looks like the answer is that we have not yet hit the bottom. Today, the unemployment numbers jumped again to 8.5%. Do we start printing the “Obama [...]