This graph was used to sell the public on the stimulus package. The lines representing unemployment with and without the stimulus made many Americans feel comfortable about the big government spending. The problem is that the projections are not proving to be accurate. If you look at the actual unemployment figures for March, April, and May you can see that the numbers are actually much worse than predicted. Now this might not be Obama’s fault as they can still claim that numbers would be higher without the stimulus, but the reality is that if the curve doesn’t start coming back downward then it will be easy to see that the stimulus is not leading to job creation. That is why Obama is pimping job creation today.
The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. ~Ronald Reagan
Monday, June 8, 2009
This is why the administration is out pumping job creation today.
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