This Is It

You might have seen the chart of actual unemployment vs what Obama predicted with the "stimulus" boondoggle. It turns out you ain't seen nuttin':

Ace of Spades HQ: "You can see that from the late 60's up until 2000 federal spending was pretty much a straight line relative to the median household income. Then jumps to a new higher growth rate around 2002 (most likely due to 9/11). But look at what happened in 2007 when the Democrats took over the House.

Ho-ly crap!

Not only did federal spending shoot up but median income actually fell. This isn't just new unsustainable growth - this is an effin death spiral where spending has become completely decoupled from people's incomes. This is the kind of graph you see in engineering when a system is heading into failure. A few more years of this and we will be in Greek bankruptcy territory.

So if you're looking for a single chart that crystallizes the current greatest danger to the US and why the Tea Party has appeared, this is it."

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Thirty-One Months (Bumped)

The American Spectator : Peak Obama: "Thirty-one months after the start of the recession, last week's jobs report for July was a fiasco. The Labor Department reported yet another 131,000 jobs lost in July. The Department also revised the June report downward to show 221,000 jobs lost that month from 125,000. The unemployment rate remained at 9.5% only because 181,000 additional discouraged workers left the work force, and so were not counted as unemployed. That makes one million who have fled the work force since April.
As this column has repeatedly noted, the historic data recorded by the National Bureau of Economic Research shows that the average recession since World War II has lasted 10 months, with the longest previously being 16 months. What is President Obama's excuse for still losing hundreds of thousands of jobs 31 months after the recession began?"

Thirty-one months?! I have already posted the chart of what that looks like but here it is again so you can't miss it:

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