Shopaholic Obama’s stimulus package a failure, a hoax, or both!

    

The Obama

Recession

(Updated)

By Randall Hoven

June 6th, 2009

AMERICANTHINKER.COM

(links are in GREEN)

I think it is time to call it 

“The Obama Recession.”  

Using Obama’s own numbers, 

we are now worse off than 

we would have been had 

Obama’s stimulus not gone 

into effect. 

    

 

Early in the Obama administration,

his economic experts put out 

a report on the predicted effect 

of his recovery plan on jobs, 

“American Recovery and 

Reinvestment Act: 

Job Impact by 

Congressional District”.  

In that document is a reference 

to another document, 

“The Job Impact of the 

American Recovery and 

Reinvestment Plan” , 

dated January 10, 2009.

I give you these references 

and links so you know what 

is shown below is real.  

In the second document, 

a figure shows the predicted unemployment rate with and 

without President Obama’s 

stimulus package, 

the one that is supposed to 

“create or save” 

3 million jobs.

That figure from January 

has been updated for reality 

through May’s unemployment 

figure, 

the one just released today 

(Friday, June 5) by the blog

 Innocent Bystanders.

 

The figure should 

speak for itself.  

Not only are the actual 

unemployment numbers 

worse than predicted with 

the Recovery Plan, 

they are worse than 

predicted had there 

been no stimulus at all!

Does it get any 

clearer than this?  

The “stimulus” was 

a failure at best, 

and at worst, 

a hoax in the first place.

hat tip: 

Ace of Spades HQ      

Update —  

 

Rosslyn Smith writes:   

During the stimulus debate,

Obama took the dishonest 

position that Congressional 

Republicans wanted to do 

nothing to help the economy 

recover. 

It turns out doing nothing 

might have been the 

smarter move.      

 

 

Next time,

listen to the strawman.