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 ...
Rush was Right again, he FAILED!!
Pray for America
People are going to realize this guy is too expensive.
Why, that's just crazy talk.
It just proves what Barney Frank said: 0bama hasn't done enough yet... /s
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.
“Rush was Right again, he FAILED!!”
Au contraire...he’s succeeding. You just have to understand his goals.
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.
Bingo. I still think he and the Dems heading for a big fall.
All that stimulus money spent and the only thing “Shovel Ready”is Michael Jackson...
He was shovel ready years ago.
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”!
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