Recovery alert: Durable goods orders, housing sales plunged in August

Image via Wikipedia

BY ED MORRISSEY

While Joe Biden tells Americans that the stimulus has worked “better than we hoped,” the numbers tell a different story.  Seven months after passing a whopping $787 billion stimulus package, unemployment and mass layoffs both jumped in August.  What didn’t go up?  Orders of durable goods, which took a significant plunge instead:

Recovery alert: Durable goods orders, housing sales plunged in August

Related articles by Zemanta

• What would a second stimulus package look like? (slate.com)