Saturday, October 3, 2009

Obama Administration FAIL...

At right is the chart originally published by the Obama administration earlier this year, with a red line added to show the actual unemployment rate.

They used this chart to sell the “stimulus package”, saying that without it unemployment would rise to about 9%, and with it unemployment would drop to below 7.5%.

Well here we are at 9.8% (as of September) and still climbing.

I don't think that even the Obama administration believed this chart.  Anybody with even the slightest understanding of economics and experience with government knew that there was no way in hell the stimulus package could have an effect that fast.

Even so, the sorry bastards used this chart to sell our descendants into debt.

Rope.
Tree.
Stimulus-supporting politician.
Some assembly required.

No comments:

Post a Comment