Today’s Unemployment Figure In Context

Unemployment has reached a 26-year high of 10.2 percent. Today the House Republican Conference sent out this graphic, which is essentially the same as the chart that we’ve been following for some months now; click to enlarge:
It’s gone past the point where we could officially declare the “stimulus” bill a failure. At this juncture, I don’t see how to avoid the conclusion that the administration’s economic policies, taken as a whole, have been misguided.

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