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Economy
See other Economy Articles

Title: Geithner: Unemployment to stay high
Source: [None]
URL Source: http://www.kennethdurden.com/2010/0 ... unemployment-to-stay-high.html
Published: Apr 1, 2010
Author: Kenneth Durden
Post Date: 2010-04-01 09:23:39 by no gnu taxes
Keywords: None
Views: 1291
Comments: 4

Treasury Secretary Tim Geithner annonced that the nation's 9.7% unemployment is something we might look forward to seeing for a while. That's unfortunate. After about a trillion in "stimulus" and jobs bills, one would think things would improve more rapidly. Hmm...maybe there's something to what others have been saying about the fact that pumping money into the state is not the best way to create jobs.

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Begin Trace Mode for Comment # 3.

#1. To: no gnu taxes, war, badeye (#0)

They lied through their teeth to sell the stimulus to the American public.

They declared that it would keep unemployment around 7%.

Notice that once again, being a liberal means you don't have to accept the consquences of your actions.

No one will call them on it.

Nebuchadnezzar  posted on  2010-04-01   13:48:54 ET  Reply   Untrace   Trace   Private Reply  


#3. To: Nebuchadnezzar (#1)

They declared that it would keep unemployment around 7%.

No they didn't. They didn't even "declare" 8%, which is the number cited in the white paper, which was simply a couple of economists, using past models, determining that unemployment COULD stabilize around the 8% level. They made NO GUARANTEES.

war  posted on  2010-04-01   17:40:45 ET  Reply   Untrace   Trace   Private Reply  


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