It’s Not Fair to Judge Obama Administration By Earlier Rosy Projections for Job Growth?

Flopping Aces ^ | 07-14-09 | Mike's America

[Starman417]

Yet, we are supposed to believe Obama's projections for the cost and benefits of Health Care or Cap and Tax?

The bloom is coming off the rose. Obama's poll numbers continue to slide across the board. Rasmussen's approval index has a gap of -8. Only 48% of those asked to rate his handling of the economy in a CBS July 13 poll approved of Obama's handling of the economy. 44% disapproved.

Those trends are likely to worsen for Obama as stories like this one in Time Magazine begin to sink in with the average public which pays little attention to the daily ebb and flow of events:

Obama's Stimulus Plan: Failing by Its Own Measure By Stephen Gandel Time Magazine Tuesday, Jul. 14, 2009

The $787 billion stimulus plan is turning out to be far less stimulating than its architects expected.

Back in early January, when Barack Obama was still President-elect, two of his chief economic advisers — leading proponents of a stimulus bill — predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn't quite worked out that way. Last month, the jobless rate in the U.S. hit 9.5%, the highest level it has reached since 1983.