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
of his recovery plan on jobs,
“American Recovery and
Reinvestment Act:
Job Impact by
Congressional District”.
In that document is a reference
“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
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:
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.
Early in the Obama administration,
his economic experts put out
of his recovery plan on jobs,
“American Recovery and
Reinvestment Act:
Job Impact by
Congressional District”.
In that document is a reference
“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