Wednesday, June 23, 2010


If I went back in time and informed the Obama administration's economics people that the stimulus they were planning to enact resulted in the May 2010 unemployment rate being 9.7%, they would freak out and realize that more needed to be done. Now that we're here, there's not a lot of freaking.

And I'm not surprised that economists will continue to come up with increasingly clever explanations as to why this is the new normal, as they always do. The Great Recession will just been seen as the Great Shirk, with all those lucky duckies on extended periods of funemployment.*

Yes I'm repeating myself. But, hell, maybe eventually someone will listen and it's more important than Sarah Palin's latest tweet.

*The funemployment article was written a year ago. Are we having fun yet?