CBO: 2.3 Million More Unemployed In 2010
By Wyatt Earp | August 27, 2009
Okay, I know what you’re thinking: “Ooh, cheeseburgers would be good for lunch!” That would be correct, but what you should be thinking is, “Um, when is Obamonomics going to start helping people, instead of kicking them in the teeth?” The answer to that question is not readily available, since all of our statisticians have been laid off. It’s a trend that will get worse before it gets better.
Hot Air has the groin-punching reality:
A back-of-the-envelope calculation by former Bush aide Keith Hennessey translates CBO’s revised projected unemployment rate into a “big bad number.” How bad? It’s an average of almost 200,000 more jobs lost every month for the entire year.
Consider it a minor adjustment to those “created or saved” numbers that no one knows how to calculate anyway:
There is no disagreement, however, about the net directional effect of the two. CBO and OMB project a weaker economy in the remainder of 2009 and in 2010 than they projected at the beginning of this year before enactment of the stimulus.
How much weaker?
Based on CBO’s forecast for the average unemployment rate in calendar year 2010, 2.3 million fewer people will be employed on average next year than they projected in January.
For comparison, in July there were about 140 million people employed in the U.S.
That’s bad, right? I’m kidding, of course. That would be considered really bad. Like Helen Thomas in a thong bad.
Don’t worry, though. The Obama administration is working on it, and I am sure they will come through for the American people. /snark.
Topics: WTF? | 7 Comments »
August 27th, 2009 at 12:33 pm
This guy is going to ruin us all! I’d take Clinton of this idiot any day!! Oh yeah, and thanks for the Helen Thomas visual!! Now I gotta go run some bleach through my mind!!
August 27th, 2009 at 1:19 pm
That should make obambi happy, more people to distribute the wealth to. Can’t you hear him now:
“Hey we need more money to distribute to our new 2.3 million socialist brothers and sisters, anyone got any?”
Cue the sounds of frogs and crickets.
Have you heard the latest? A liberal at a townhall meeting demanding ID’s before he answers any questions!!!
As a community blog service for Wyatt I’ll preorder a truckload of duct tape. Maybe we should start a community service mobile duct tape van, driving the streets with a jingle playing like the ice cream trucks do.
What about “Flight of the Valkeyries?”
The revolution is close, like the sea when you can’t see it but you’re so close, you can smell it, kind of close. Keep your powder dry ladies and gents.
August 27th, 2009 at 3:08 pm
Dayum!
You use the ugliest visuals, Helen Thomas and thong should never be used in the same post.
Change is going to a real bitch ain’t it?
August 27th, 2009 at 6:25 pm
Um, when is Obamonomics going to start helping people, instead of kicking them in the teeth?
I’m sure Acorn, George Soros, Bill Richardson, the Black Panthers and the SEIU have been enjoying the change quite a bit.
It all depends on which side of the teeth-kicking you’re on.
August 27th, 2009 at 9:28 pm
Never let a good crisis go to waste, eh?
August 27th, 2009 at 9:53 pm
Sssteve – What, you don’t think “The Muppet” is attractive?
Jon – Well, I could always use some more duct tape.
Admiral – Especially when it is shoved where the economy doesn’t shine.
Veeshir – Yep, and right now I need braces.
Insol – Not if you’re a liberal politician.
August 27th, 2009 at 11:39 pm
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