Good Luck With That

clipped from tigerhawk.blogspot.com Last week I stumbled across the following chart in a deck of slides from J.P. Morgan. It basically shows how much economic growth would be required to return the unemployment rate to "only" 6% -- recognizing that we had grown used to it being under 5% -- over the next one to three years, given a "starting" unemployment rate at the end of this year. It goes some distance to explaining in graphical terms why the Obama administration has thrown anything and everything into stimulating the current economy.