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Pay no attention to the people behind the curtain

Showing posts with label conventional wisdom. Show all posts
Showing posts with label conventional wisdom. Show all posts

Wednesday, January 13, 2010

Jobs -- Bad But Getting Better

By Keith R. Schmitz

As the phrase goes a down turn that is a recession for you is a depression for someone out of a job, and many people are. But for those who will suggest next week at the one year anniversary of the Obama inauguration that nothing is being done about jobs, here is a chart showing the job loss trends:

Note that the job loss went up during the last year of the Bush administration. Something must have happened in the years leading up to it.

Note that for the past year job loss has been ebbing. Yeah Obama cannot claim complete credit but the economic and political climate can impact the mentalities that lead to changes and this provides evidence that the stimulus bill contributed to the upturn.

Don't know about you, but I'd rather have the 2009 numbers versus the 2008 members. But of course for those with a vested interest in the failure of America this is bad news. Good news for the rest of us.