That's what headline unemployment would be if the labor force participation rate were the same as when Obozo took office. (Yes, that's adjusted for retirements.)
Boy, that Stimulus really, really, really worked well, ain'a?
HT: AOSHQ
Wednesday, May 09, 2012
Another Picture of ObozoNomics
That's what headline unemployment would be if the labor force participation rate were the same as when Obozo took office. (Yes, that's adjusted for retirements.)
Boy, that Stimulus really, really, really worked well, ain'a?
HT: AOSHQ
There was no "stimulus" of any significance. Only emergency aid to states, UI extensions and food stamps. This was considered necessary aid by both parties. There was a few billion bucks in there for roads and bridges, but nothing major.
ReplyDeleteThe problem with that chart is the administration's wishful thinking when they drew it up. They assumed the private sector would bounce back sharply and it didn't as predicted by people who have been correct about this recession since the beginning.
The stimulus worked about as well as the Bush tax cuts in terms of "the rising tide lifts all boats" canard. Where's the Heritage Foundation chart that predicted those tax cuts would eliminate our national DEBT within 10 years??
ReplyDeleteAs you might say, that really, really, really worked well, ain'a?