The What Ifs

March 8th, 2009

I can’t help but wonder… If all of these bailouts and stimulus packages hadn’t been passed, and so much money wasted, where would we be right now?

The nation is losing jobs so quickly that the government, racing to deal with the crisis, is having trouble keeping up.

The U.S. unemployment rate last month leapt half a percentage point, to 8.1 percent, the highest level since 1983, according to data released yesterday. The stunning pace of job losses raises the possibility that, perhaps as early as this summer, one in 10 Americans will be out of a job even though they are actively looking for work. It also means that the government faces even more pressure to take further action to stabilize the economy and the financial system.

I guess it’s too late to wonder about the what ifs, huh?

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