8.3% unemployment sure does suck. But ponder the following…
– The last month of the Bush administration, about 800,000 jobs were lost
– If that trend had continued, the unemployment rate today would be 29%
– If that trend had continued, by year 2023, not a single American would be working.
Yes, the stimulus worked. No one is happy with 8.3% unemployment, but… it could’ve been a hell of a lot worse.