Monday, June 08, 2009

'The stimulus is not stimulating'

Without President Obama's stimulus package, we'd have less debt and probably less unemployment, asserts the conservative blog RedState.

The assertion was that with the stimulus plan, the growth of unemployment would slow dramatically during the second quarter of 2009, taper off in the third quarter, then begin heading back down. Without the stimulus plan, unemployment would continue skyrocketing well into 2010. [ ... ]

Actual unemployment has risen faster and higher than Barack Obama said would happen even without his stimulus plan. In other words: Barack Obama's stimulus plan has failed to do what he claimed it would do and we are in greater debt and greater unemployment than if we had done nothing at all.

RedState has a chart with the numbers here.

No comments:

Ag in the West social media watch

Capital Press videos on YouTube

Our most popular videos