Heckuva Job on that Stimulus!
Posted By Daniel J. Mitchell On June 3, 2011 @ 11:10 am In Government and Politics,Tax and Budget Policy | Comments Disabled
Based on this morning’s numbers, I’ve updated my chart [1] showing what the Obama Administration said would happen with the so-called stimulus compared to what actually has happened. As you can see, the unemployment rate is about 2.5 percentage points higher than the White House claimed it would be at this point.
Since I just did an I-told-you-so post about Greece [2], I may as well pat myself on the back again (albeit for another completely obvious prediction). Here’s the video I narrated a couple of years ago on the Obama faux stimulus.
Article printed from Cato @ Liberty: http://www.cato-at-liberty.org
URL to article: http://www.cato-at-liberty.org/heckuva-job-on-that-stimulus/
URLs in this post:
[1] my chart: http://danieljmitchell.wordpress.com/2011/05/06/new-job-numbers-are-a-mixed-bag-for-the-economy-but-bad-news-for-obama/
[2] I-told-you-so post about Greece: http://danieljmitchell.wordpress.com/2011/05/31/the-i-told-you-so-blog-post-about-the-completely-predictable-failure-of-the-greek-bailout/
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