Tuesday, November 24, 2009
From the New York Times article 'New Consensus Sees Stimulus Package as Worthy Step' shows us the horrifying alternate reality that would have existed had our elected betters not gotten together to pass the American Reinvestment and Recovery Act.
That chart's all good and well, but can we have one that charts out what things might have been like if the original bill didn't get fucked over by the Senate? Or, better yet, what things would have been like if economic advisers in the Obama Administration like Dr. Christina Romer would have done if they didn't have to craft a plan that fully took into account all the intellectual shortcomings of the Senate. Sure, the job markets are terrible and not looking like they're going to shape up anytime soon, but hey, things could have been worse.
Coincidentally, in another chart from the NYT, "Things could be worse" was the thing Americans most commonly said whilst laying in the fetal position on the floor, weeping over the economy.