GOP Chairman Michael Steele made an odd retort on This Week With George Stephanopoulos when Virginia governor Tim Kaine said that there were projects in Virginia that have been funded by stimulus money.
Tag economics
Recession Graduates
Matthew Yglesias points to a post from the blog of the Office of Management and Budget concerning the future of recent graduates during a recession. Not only do they get screwed when there aren’t enough jobs for them (20-24 year olds have an almost 15% unemployment rate), but there are long term effects because they start off with lower salaries.
Open Tabs
- Betsey MacCaughey killed HillaryCare in 1994 and helped invent the death panel lie of 2009. The New Republic rips her a new one.
- Has a spanking ban made Sweden’s children better? From my dad.
- The New Yorker profiles Larry Summers and his team.
- The New York Times’ Well Blog discusses running barefoot.
Unemployment Statistic Broken Down
Here’s what the simple unemployment numbers on the news won’t tell you: 15.6% unemployment rate for people with no high school diploma, 4.7% unemployment rate for college graduates, 5.4% unemployment rate for management and professional occupations, and 13.8% unemployment for natural resources and construction. From Matthew Yglesias.
Keynes Wins?
Economists seem to agree that the stimulus is helping to lift the U.S. economy out of recession.
Update: Glenn Reynolds doesn’t seem convinced.