Where's the stimulus?

With the latest unemployment figures, it is very clear that the Obama stimulus bill has not worked. Obama's economic team promised that the stimulus bill would keep unemployment under 8% -- we just hit 9.4% even though the stimulus was passed. These folks and their leader also told us their projections for unemployment with and without the stimulus bill. That was how they came up with their method for jobs created and saved, a ridiculous claim that could never be proven. It can, however, be disproven. A site called Innocent Bystanders has been tracking the actual unemployment against the levels predicted by Obama and his team with and without the stimulus. The chart they produced is linked to the title of this entry. The chart shows that without a doubt, the stimulus has failed. Indeed, using the same distorted logic of the Obama economic team, we can now see that the stimulus bill has destroyed about 2 million jobs. Obviously, there is no way accurately to say that the stimulus destroyed these jobs, but , of course, there was no way accurately to say that the stimulus saved any jobs either.

The truth is that the so-called stimulus only stimulated debt and pet projects of the obamacrats. The rest is just a mountain of red ink.