Whatever your political persuasion, it’s hard to deny there is a whole lot more government in our future. It feels like the focus on housing has been lost in the stimulus shuffle, but then again the financial system needs to be “Stimmed” before housing can be repaired.

And of course, the recession is real. – Nancy Pelosi told us so. (hat tip: NY Mag).

Here’s some of the government related stimspeak.

* The Bank Bailout plan will be a combination of private and public funds.
* Unleashing Enforcement – getting the SEC to start doing something.
* Obama urges stimulus bill action
* The Big 3 – Ken Lewis is a Wuss, Bill Gross is a Propagandist, and If Stimulus Passes, DJIA Goes to 6k
* Will execs’ salary cap pay off?
* Economists Agree Time Is of the Essence for Stimulus

Freedom fries are now on the menu.

2 Comments

  1. Bill February 10, 2009 at 5:52 pm

    Of course, this chart is meaningless since it contains absolute numbers of lost jobs and does not show the losses as a percentage of the total workforce. As many more people were employed at the start of this recession than were at the start of the recessions in the early 1990s and early 1980s, a larger total job loss is to be expected. The trick is in looking at the job losses as a percentage of the total workforce in each era. In other words, do not fall for these silly scare tactics.

  2. Bill February 11, 2009 at 2:13 am

    Here is a link to a chart showing all post-WW2 recessions and their job losses relative to peak employment:

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