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    Charts of the Day: Obama’s Failed Stimulus Promises

    Charts of the Day: Obama’s Failed Stimulus Promises

    As Obama talks up Son of Spendulus, it is important to remember how his promises of job creation fared last time.  Below are two charts, the second new for this post.

    From Veronique de Rugy:

    …and my own Photoshop of the graph, focusing only on the human toll of Obama’s broken stimulus promises. These people are generally did not become unemployed in the first place because of Obama’s broken promises, although some surely did lose their jobs thanks to his commitment to crippling regulations on those businesses that aren’t lucky enough to be members of the Crony Capitalist Club.  However, Obama took responsibility for putting a certain number of the unemployed to work, and he failed miserably by his own metric.

    Let’s not get fooled again.

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    Comments


    Don’t you think it at least somewhat disingenuous that the first graph starts at 6%? Kinda throws the proportions of maybe?
    Criticism is good, fair criticism is better.

    off*

    Basically, it’s close to the same unemployment, assuming these figures can be terribly accurate. Little blips are not real meaningful, only movement that indicates a trend. Importantly, the massive infusion of stimulus did nothing (the Democrats argue that it held the line). Here’s a good easy-to-read article on FDR and the Great Depression, which explains why the Democrats are wrong. http://www.fee.org/articles/tgif/news-flash-fdr-didnt-fix-the-economy/ Here’s another that’s more “moderate” and a little rosy (WW II probably fixed the Depression), but in the interests of “balance”: http://money.cnn.com/2009/02/10/news/economy/yang_newdeal.fortune/index.htm

    Maybe Obama ssshould have read thisss before hisss ssspeeeech: http://online.wsj.com/article/SB10001424053111904583204576544712358583844.html

    “…Obama constantly reminds us, with some justification, that he was dealt a difficult hand. But the evidence is overwhelming that he played it poorly. His big government spending, debt and regulation fix has clearly failed. Relative to previous recoveries from deep recessions, the results are disastrous…”


     
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    billdyszel | September 9, 2011 at 8:54 pm

    The other number worth considering is “discouraged workers,” which has been rising dramatically in recent calculations, and which lowers the official unemployment rate and masks the size of the problem. The percentage of employed, working-age adults is most tellingly at an all time low.

    As far as the hand he was dealt, Mr. Obama asked for the job and said he could do it. (But, agreed, he played it as poorly as possible.)


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