The employment chart the White House doesn't want you to see

Proof that stimulus just doesn't work is shown in the chart below.. The 9/11 recession had a nice recovery. We still are not seeing any recovery to the Obama recession.

We will find out in the months and year ahead if KEEPING TAXES THE SAME does work, because the president made a speech last night indicating he is supporting a two year extension to the current tax rate.  Some business will respond to that, as they have cash and need employees.  Others may not, they may decide that 2 years down the road, they will still be hit by the 4-5 % increase in their taxes and continue to not hire. Time will tell.

Did anyone hear if there is also an extension of the capital gains and dividend tax rates? That's an important factor to economic and job growth as well.

The employment chart the White House doesn't want you to see

Compared to previous recessions and recovery periods it is clear that the plan set forth by Obama is hitting historic levels of impotence. Here is the proof in the form of a handy little graph that says everything the White House doesn't want you to know.

12/6/10 8:10 AM