Sunday, June 14, 2009

The "Stimulus Bill" has failed.

The Obama administration projected what unemployment would be if the bill was passed, compared to what would happen if there was no "stimulus" package. Unfortunately, reality has taken a quite different turn--unemployment is much worse than the predicted "no stimulus" scenario. In fact, looking at the trend line, it seems obvious that the $800 billion bill has had no impact whatsoever--no positive impact, anyway. Click to enlarge.
Biden tells "Meet the Press" that "everyone guessed wrong" on the impact of the stimulus, economy was worse off than anyone thought.