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Scary

This is the worst recession since WWII in terms of job loss. How bad? This bad:

As we all know, the so-called stimulus has not worked at all, and the December projections of Larry Summers and the administration’s economic team have been shown to be completely off base. The structural imbalances that exist in the world economy are apparently coming home to roost, and it is not yet clear what can be done to restore a more stable economic situation.

(Also, be sure to watch the Paddy Hirsch video (particularly after 3:10) to understand the scope of the idiocy that went on in this decade.)

This entry was posted on Monday, October 5th, 2009 at 4:33 pm and is filed under business, China, Democrats, EU, General, Republicans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Scary”

  1. Peretz’s nervy question: » The Anchoress | A First Things Blog Says:
    October 6th, 2009 at 10:38 am

    [...] …the so-called stimulus has not worked at all, and the December projections of Larry Summers and the administration’s economic team have been [...]

  2. dave washburn Says:
    October 31st, 2009 at 11:04 am

    Very interesting graphs and numbers Canadas auto sector has been badly hit
    our government has tried to stimulate things, but its not working here ewither
    I feel the sorriest for all the American that have lost their homes…..think of the mental damage

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