Sunday, September 12, 2010

What do I have to do?

I am tired of repeating the mantra:

"The President did not say that passing the stimulus would keep the level of unemployment under 8 percent!"

I keep hearing it left and right. For the record. The 8 percent figure came from a report his economic advisers released in January 2009, BEFORE he was elected.

If you want more info on this - check out:

Politifact - George Will

I would not even give it a "Barely True" - I would give it a false.

The unemployment rate in February, when the stimulus passed was already at 8%

So how can the stimulus hold the rate to something lower than it already is???!!!

Is the Recession over?

Today on a Fox News Roundtable - Bill Kristol kept saying that it would be wrong to raise taxes during a recession. Well Bill, I have news for you, the recession is over:

Is the Recession Over?

Technically it was over last year (2009). The problem is that people feel that since unemployment is still high, that the recession is no over. Actually, lots of companies are making profits and lots of people are making insane amounts of money again. They are doing okay while many are still fighting for the few jobs out there.

Now, I am not saying that there are not problems. The concept of a jobless recovery, but its own definition is a problem. But let us not say that we can't raise taxes because we are in a recession, because that is technically not correct.

ChrisZ