Sunday, June 28, 2009

State of the Stimulus

So what have we gotten for our trillions of dollars in stimulus? Nothing, apparently. The fine folks at Innocent Bystanders have plotted out the actual unemployment figures vs the Obama economic team's pie-in-the-sky predictions. Not surprisingly, not only were Obama's predictions wrong, the stimulus has failed, badly:

For clarification, the dark blue line is Obama's "with recovery" projections, and the light blue line is without. The maroon dots are actual unemployment data as reported by the Labor Department. Now, granted, Obama has since said unemployment might top 10% this year, as if that makes it all better. Joe "The Fall Guy" Biden has come out and said they guessed wrong. Guessed wrong?! When it comes to putting my kids into debt to the Chinese by TRILLIONS, no had better be guessing.

Just as a reminder, here is the Heritage Foundation plot of Obama's deficit spending:

Remember this in 2010.

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