June’s unemployment chart

By Scott A. Robinson, Editor

Filed Under Races 2010 on Jul 3 

We continue to see no effect or a negative effect resulting from President Obama’s supposed “emergency” bill, the alleged “stimulus”.


Source: Innocent Bystanders.

Comments

  • ABNormal

    Let’s build a pyramid for King Obama. That will employ/enslave millions.

  • Brian H

    The only “shovel ready” project I have seen from Obama’s “stimulus” is shoveling through his relentless pile of bull….

  • Alaina

    Oops… just read what I wrote… I meant that I expect inflation to be huge.

  • Sartho

    I think the percentage Biden gave of failure early on was just a little off.

    • Gary Russell

      I think Biden is more than just a little off!

  • Red State Eddio

    The key questions for me are:

    1. Whether the trajectory will flatten out by 2010.

    2. How long the curve will stay flat before starting to slope downward.

    If the slope does not start a downward projcetion by the beginning of 2011 (like a V or U), then that, along with everything else he’s doing, will sink the Obama boat.

    • Sartho

      I think your 2011 deadline is quite generous. That implies that it keeps going up (or at least never goes down) over the year and a half which is pretty scary in my opinion.

      • Red State Eddio

        So you think it won’t come down before 2011? I could see that. I was trying to be ‘conservative’ in my estimate, rather than alarmist.

        But I agree that it’s in the realm of possibilities that we’d be seeing a flat-line for the next 18 to 24 months. If so, that would place things in the summer/fall of 2011, right in the ramp-up time frame for 2012. I hope for the sake of the people of the US who have to suffer through it that we don’t have that. But it could happen.

        The real issue on all that is if/when inflation kicks in. If it arrives with a vengeance, that could send us into a 2nd round, which could easily make it 36 months long.

        • Sartho

          I guess I implied the wrong direction. I’m hoping it comes down before 2011. So I’m surprised you consider that a conservative estimate. :) But either way, it’s not good news.

        • Alaina

          I think it will flat line in early 2010 and we may start to see a decline by late spring / early summer. However, if (and that’s a big if) inflation hits, today will look a heck of a lot better than tomorrow.

        • Alaina

          I think it will flat line in early 2010 and we may start to see a decline by late spring / early summer. However, if (and that’s a big if) inflation hits, today will look a heck of a lot better than tomorrow.