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A Miserable Failure (Obamanomics)
Powerline ^ | 7/2/09 | John Hinderaker

Posted on 07/02/2009 8:32:49 PM PDT by pissant

That's the Obama administration's "stimulus" plan, which mainly stimulated Democratic constituencies with great gobs of pork. The web site Innocent Bystanders has done a service by plotting the actual unemployment rate against the Obama administration's prediction of what would happen with and without the "stimulus." Here is the latest, updated through June; click to enlarge:

The administration's forecast provides a benchmark against which we can judge the success or failure of the $700 billion porkapalooza. The result is obvious: it was a failure. The best thing Congress could do is to cancel the rest of the program--the large majority that remains unspent--and let the economy recover without being hampered by government-imposed inefficiencies.

(Excerpt) Read more at powerlineblog.com ...


TOPICS: Culture/Society
KEYWORDS: hindraker; larrysinclairslover; miserablefailure; obama; porkulus
The 1/2 black, 1/2 baked Jimmuh Carter wannabee is the most pathetic retard ever to reach high office.
1 posted on 07/02/2009 8:32:50 PM PDT by pissant
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To: pissant

Rush was Right again, he FAILED!!

Pray for America


2 posted on 07/02/2009 8:38:19 PM PDT by bray (Rope & Chains)
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To: pissant

People are going to realize this guy is too expensive.


3 posted on 07/02/2009 8:39:53 PM PDT by garjog (Used to be liberals were just people to disagree with. Now they are a threat to our existence.)
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To: pissant
The best thing Congress could do is to cancel the rest of the program--the large majority that remains unspent--and let the economy recover without being hampered by government-imposed inefficiencies.

Why, that's just crazy talk.

It just proves what Barney Frank said: 0bama hasn't done enough yet... /s

4 posted on 07/02/2009 8:44:31 PM PDT by THX 1138 ("Harry, I have a gift.")
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To: pissant

5 posted on 07/02/2009 8:45:37 PM PDT by Free ThinkerNY ((((Truth to a Liberal, is like a crucifix to a vampire))))
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To: pissant

From the equal-and-opposite-reaction dept:

Minimum wage goes up 11% on July 24. (Is anyone else getting a double-digit raise?) This means job losses and slower job growth.

Jobs lost and not created: the real employment metric of Obamanomics.


6 posted on 07/02/2009 8:52:39 PM PDT by vamoose
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To: bray

“Rush was Right again, he FAILED!!”

Au contraire...he’s succeeding. You just have to understand his goals.


7 posted on 07/02/2009 8:57:15 PM PDT by henkster (Bumper Sticker: Please don't tell 0bama what comes after a Trillion!)
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To: pissant
1/2 baked Jimmuh Carter wannabee


8 posted on 07/02/2009 8:58:02 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: bray

Like Rush, however, I wonder whether the Obama administration really intended to create a recovery or strictly intended to use the pretext of “economic stimulus” to get pork to his supporters.


9 posted on 07/02/2009 8:58:03 PM PDT by dr_who
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To: pissant
The best things Republicans can do is campaign on cancelling these spending programs.
10 posted on 07/02/2009 9:00:22 PM PDT by dr_who
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To: henkster
Au contraire...he’s succeeding. You just have to understand his goals.

Bingo. I still think he and the Dems heading for a big fall.

11 posted on 07/02/2009 9:20:19 PM PDT by torchthemummy (SAP - Skipped All Posts)
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To: pissant

All that stimulus money spent and the only thing “Shovel Ready”is Michael Jackson...


12 posted on 07/02/2009 9:31:17 PM PDT by FDNYRHEROES (In just 3 days, the War on Terror became the War on Free Speech.)
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To: FDNYRHEROES

He was shovel ready years ago.


13 posted on 07/02/2009 10:11:15 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: FDNYRHEROES

ROFLMAO! I needed that after gagging on 24/7 worship of the late, great, wonderful, talented MJ. Just goes to prove someday everbody comes to the “end of the line, everybody out”!


14 posted on 07/02/2009 10:19:09 PM PDT by pankot
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