A spot for idle thoughts and ramblings both political and social.
Oh, and invective. Lots of invective.
Saturday, February 13, 2010
The Great Recession
Scott Johnson at Powerline has a great post up about unemployment. He's linked to a report in Forbes that features two charts that should scare the shit out of you get your attention. The second graph really scares me. Have we fundamentally changed the economic game? What will economists call "full employment" these days? 6% maybe 7? Just imagine how much better it will be once Crap and Tax is passed.