12 May 2010
Not A Surprise
It turns out that 76% of the American public believe that we are still in a recession.
Considering that unemployment, even by the rather low U-3 number is around 10%, this is not surprising.
The reality is that we are still in a hole, and 2% annual won't get us out of this hole for at least a decade.
Of course, the very serious people in Washington, DC think that the deficit is over, so now they are going to slam on the brakes to get the deficit down.
There have been persistent problems with lead levels in Washington, DC's water supply.
While correlation does not prove causation, it does make one wonder.
Considering that unemployment, even by the rather low U-3 number is around 10%, this is not surprising.
The reality is that we are still in a hole, and 2% annual won't get us out of this hole for at least a decade.
Of course, the very serious people in Washington, DC think that the deficit is over, so now they are going to slam on the brakes to get the deficit down.
There have been persistent problems with lead levels in Washington, DC's water supply.
While correlation does not prove causation, it does make one wonder.
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