Tuesday, March 10, 2009

How Does U.S. Stimulus Spending Compare To The Rest Of The World?

The current economic crisis has lead to the fastest rate of job loss in any period since 1974, according to the New York Times. To help curb this disturbing trend President Obama has spent billions. But how does this recession's unemployment figures compare to past recessions? How much has the U.S. spent on our stimulus compared to other countries? Kathy Lien shows us some charts which answer those questions in her blog post below.

The labor market in the U.S. is weakening and the Obama Administration is trying to compensate by spending aggressively. The NY Times and Wall Street Journal released some great images on how job losses in the current recession compares to previous downturns and how the current degree of U.S. spending compares to the rest of the world.

Also check out the NY Time’s interactive How the Government Dealt With Past Recessions

unemployment chart

Stimulus spending chart

This post can also be viewed on kathylien.com.

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