SMACK-O-LANTERN: One Big Jobs Ghost Story

LCT Magazine
Posted on October 22, 2009

FRANKENSTEIN ECONOMY: More than six months after President Obama’s signature stimulus package, 49 OF 50 STATES HAVE LOST JOBS. Predicted jobs gains turned out to be hopeful smack talk. The stimulus actually spurred the opposite — spooked the nation into a spending shutdown with accelerating job losses, thereby compounding what could have been a moderate recession. Indicators may be meekly turning up, but as long as job slashing mounts, the recession is not over. One would think Dracula lives in D.C. this Halloween, with taxpayer blood being sucked to enliven a still pale-stiff economy, only to find that the twin horror of Porkula & Spendula are leading to at best a rigormortis recovery -- M.R.:

 

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