Friday, September 2, 2011

Chart of the Day

Calculated Risk:



This month's report looked a little worse than it is, with the 40,000+ Verizon workers on strike last month.  But honestly, we're approaching almost 4 years since the recession kicked in (Dec. 2007), and I would expect at least another three or four years minimum to get back to where we were when it began, and that's without a double dip.  Obviously, barring another terrorist attack, jobs will be the only topic we'll hear about from now until November 2012.  Obama will lay out his jobs plan next week, and I'm guessing it will be an infrastructure bank and some targeted stimulus, maybe some green energy tax credits.  The Republicans plans are all tax cuts and reduced regulation.  So really, neither party will present anything resembling a plan, but yet we'll have them yapping about it for the next 16 months.  Just shoot me now.

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