Obamanomics: a report card

What affect have all the bail-outs, government takeovers, and the Porkulus bill had on the economy? Here is how the number of long-term unemployed (over 26 weeks) has varied over the past four decades:

Here is another look at changes in unemployment rates during the current recession (red curve) compared with the ten other post-war recessions:
Is there a point at which Obama-Reid-Pelosi would accept the failure of their policies and change course?

Both plots are from always interesting Calculated Risk Blog.

PREVIOUSLY on Obamanomics:
• How to lie with statistics
•Obamacare: Corporatism in action
•Obama 0, Germany 1:
• Medical insurance prices rising due to ObamaCare
•Laws of Economics 1; Obama 0
•Why Liberal economics fails: redistribution does not create wealth (Illustrated)
•Obamacare endangers student health
•Why business isn't hiring
•Dodd-Frank finance "reform" bill stops bond market cold
•Why unemployment insurance must be extended (illustrated)
•Obamanomics still failing, Washington Post discovers
•Russia goes supply-side
•Study: Liberals are economically illiterate