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Thursday, October 08, 2009

A stimulus that has failed to stimulate?

Unemployment hit 9.8 percent last month (a conservative estimate, to be sure). The Obama administration once said it would approach 9 percent -- if the "stimulus" did not pass. With the "stimulus" it was supposed to be less than 8 percent by now. (See graph.)

When do we declare the "stimulus" a failure? Huh?

--from "Unemployment Keeps Rising" (October 04, 2009) by Sheldon Richman

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