…thanks to Barack Obama and democrats, the US Unemployment rate is worse today than if they never would have passed their stimulus package. The Obama Administration predicted the unemployment rate with and without President Obama’s stimulus package, the one that is supposed to “create or save” 3 million jobs.
Unfortunately, the red line shows the actual trend since the Stimulus was passed.
It wasn’t stimulus, it was scamulus. And it’s scandalous. Or it would be if we had a press that was a watchdog, rather than a lapdog, when Democrats are in power.
Andy McCarthy noted Austan Goolsby’s dancing around this issue this morning, with two left feet:
I caught a panel on which Obama economic advisor Austin Goolsbee conceded that the administration had previously predicted unemployment would top out at around 8%, that it was now up to 9.4%, and that double-digit unemployment was a distinct possibility in the near future. Goolsbee didn’t resort to the administrations’s blather about “saving or creating jobs,” but he did repeat its fustian about how last month’s loss of 345,000 jobs (resulting in a half percentage point jump in the jobless rate) is somehow good news because it beat predictions (I don’t recall him saying whose) of even more dire loss numbers. It made me wonder why, if those predictions either existed or were serious, the Obama administration would have previously predicted that unemployment would top out at 8%?
Because they’re economically clueless, and willing to drive the economy deeply into a ditch if it will expand and entrench their political power?
[Monday morning update]
More thoughts from Stephen Green:
Let’s pretend for a moment that, god forbid, you break your arm. And somehow you end up with a team of doctors all trained at Obama University. As you lie there on the table in the ER, one doctor treats your arm by banging on the unbroken one with a ball-peen hammer. The second doctor takes the unusual course of setting your hair on fire. And the third one uses leaches.
Undeterred by your arm’s stubborn refusal to set, soon the doctors start blaming one another. And even though all of them are doing nothing but compounding your injury, none will take any blame. In fact, the louder you scream, the harder they go to work on you.
That, apparently, is what’s going on in the West Wing these days. Our economy is being managed by Dr. Howard, Dr. Fine, and Dr. Howard.
It’s Munchausen Syndrome by Proxy.