It’s a series of three video clips. The first is Moody’s chief economist Mark Zandi. He agrees we will be facing double digit unemployment for months if not years. But he says the stimulus is working. Otherwise it would be worse. Really?
We’ve heard this line before … from these same economists. Remember? We were told if we didn’t pass the stimulus unemployment would exceed 8%. The stimulus would prevent that. Remember? maybe this chart will refresh your memory.
Well that was pretty much all Steve Wynn could stand. He employs 20,000. Never laid anyone off he says … get out of the way, he says. Let the private sector create jobs.
Oh but no … Wynn is not finished. Not until he takes on Michigan’s Governor Granholm. The woman who presides over the worst state economy in the country (OK, sorry California), where unemployment is at Depression levels … 15.2%.
Blog Prof has the whole rundown … on the jobs picture.
Oh and a big hat tip to Gateway for pointing out the sorry state of Michigan for me. He has a pretty nice video over there of Detroiters clamoring for “Obama money”