Job Losses Chart

In order to hammer in the point, Speaker Pelosi posted the following blog entry on her website.

As I posted in my earlier blog post, unemployment matters, the big fear is that job losses will exacerbate the real estate slump. At this point, it is completely unavoidable and the damage is being done.

There are a bunch of people who are pissed off that Obama is taking a Centrist tone in his approach. I’m pretty sure that economically the package will not be as effective because of the reliance on tax cuts. However, I think that passing anything is better than doing nothing.