You've seen this chart before, and perhaps you think this schtick is getting old. I think we all need reminding of this sleight-of-hand the chosen one pulled on us. So here's your reminder: Obama sold his ginormous “recovery plan” with the promise that it would result in the unemployment rates shown in the dark blue (bottom-most) line below. If that had actually been acheived, we'd have 5.6% unemployment right now. Oh, if only that were true! Note that the Obama team's own prediction was that
without the stimulus plan, we'd be at 6.0% unemployment right now. Wouldn't
that be nice? What actually happened is shown in the red dotted line. Our unemployment rate (even after the weasely adjustments) is
higher than their prediction of unemployment without the stimulus.
Substantially higher: 8.3% right now, or 48% higher than predicted.
What does that tell you? It tells me that one of two things must be true. Either the Obama team knew the truth and lied to us, or they're so hopelessly incompetent that they missed by almost 50%. Either way, I certainly don't want them around for another try!
Remember this when you vote in November, please...
How many trillions were spent to attempt to improve the unemployment rate by the predicted .4% ? Not even taking into account it was spectacularly unsuccessful, congress passed massive stimulous bills in an effort to improve the unemployment by .4% How many working people does .4% represent when the total population is around 350 million... geez.
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