Thursday, July 7, 2011

What Do You Call It When...

There are 2 million fewer private-sector jobs now than when Obama was sworn in, and the unemployment rate is 1.5 percentage points higher.

• There are now more long-term unemployed than at any time since the government started keeping records.

• The U.S. dollar is more than 12% weaker.

• The number of Americans on food stamps has climbed 37%.

• The Misery Index (unemployment plus inflation) is up 62%.

• And the national debt is about 40% higher than it was in January 2009.

Why a recovery, of course.

1 comment:

Brad K. said...

I look forward to Congress leaving the debt ceiling alone.

That would define ongoing government operations as "balanced" -- they couldn't pay out more than they take in.

Actually, it would be better than that. Paying the interest on the national debt must come first, so that means expenditures will fall below collections. Excellent practice for responsible government.

Just think of how many federal employees would have to be fired, how many regulations couldn't be enforced. It boggles the mind.