Filed under: Capitalism, Conservatism, Economy, Freedom, History, The United States | Tags: Big Government Excess, Get Government Out of the Way, Too Much Regulation
This chart from the Republican Study Committee bears a little study. (Click to enlarge). It kinda plays hob with the “It’s Bush’s fault” storyline. Stimulus didn’t work either. And “Cash for Clunkers” was a real disaster. Recovery Summer didn’t recover, and it’s still headed down. The real unemployment rate is closer to 15%, but reality depends on how many people who want to be in the workforce are not, and that’s hard to measure.
We forget that more people are being added to the population of working age all the time, but unemployment rates are worst for young people with little or no experience, and the Democrats keep wanting to boost up the minimum wage to make sure that they can’t get a job. It didn’t have to be this way. We have a national history of how to recover from recessions, and we have a national history of what not to do. Some people just are not prepared to learn the lessons of the past and are thus doomed to repeat them.
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