The blue lines are Obama’s projected unemployment numbers with and without his $775 billion stimulus. The red triangles are actual unemployment numbers.
These numbers are WORSE than the doomsday scenario he outlined for congress if they DIDN'T pass his stimulus plan.
Yup.
Chances are, I fear, that unemployment will reach well into the double-digit area inside the next year.
According to government stress test material. Over the rest of this year and to the end of 2010, estimated losses uncovered by the stress tests will total one-point-seven TRILLION dollars...and that’s just SEVEN big banks! Those losses are greater than the PREVIOUS year and a half.
The road has only begun to tilt downwards. Tie a knot in the end of your line and hang on!