Back in January, the Obama administration put out a prediction of what would happen if the stimulus bill was passed and if it wasn’t.  It was called "The Job Impact of the American Recovery and Reinvestment Plan".  In it, they predicted that, while unemployment figures would ultimately recover from this recession, the stimulus bill would flatten out the peak they would otherwise reach.  They even put in a graph to demonstrate their prediction.

Geoff, one of the many writers at the Innocent Bystanders blog, noted in April, and again last week when the April numbers were official, that the unemployment figures are precisely following the Obama administration’s graph of what would happen … without the recovery plan.

Stimulus-vs-unemployment-april

So we’re spending 3/4ths of a trillion dollars, and according to Obama’s own economic experts, the job impact of the American Recovery and Reinvestment Plan was nothing.  But this is government, and no matter how poor the results, they’ll keep on doing the same thing; printing money, spending unlike any other time in history, and telling us that they know what they’re doing. 

Oh yeah, and they’ll tell us to live within our means.  We need an irony graph.

Related posts:

  1. Betting on the Stimulus
  2. Where’s That Stimulus Money Going?
  3. The Moral Lessons of the Economic Stimulus
  4. Stimulus Bill Not All That Stimulating
  5. Not Just "Unexpectedly"

Filed under: Doug • Economics & Taxes • Government

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