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Jay Old Leaves the Door Open to Tax Hikes http://t.co/A2qdFjUf
May 25, 2012 05:03 PM
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May 25, 2012 04:46 PM
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ATR Releases 2012 List of State Taxpayer Protection Pledge Signers in the Texas Primary http://t.co/GBXDf6M5
May 25, 2012 03:48 PM
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Key Issues Pending in LA with One Week Left in 2012 Session http://t.co/2DDDPdEi
May 25, 2012 02:32 PM
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RT @AAF: We are happy to announce our new lighter twitter handle @AAF. Help us spread the word with a RT.
May 25, 2012 11:06 AM
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May 25, 2012 11:06 AM
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Just the Facts on Big Spending http://t.co/P3pj3ZN0
May 24, 2012 03:17 PM
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Jim Pendergraph Supports $2 Trillion Tax Hike http://t.co/LF6ieJuZ
May 22, 2012 06:18 PM
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Maryland Governor Martin O’Malley: Barack Obama, Jr. http://t.co/lzrcRtSj
May 22, 2012 03:33 PM
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EPA's War on Fossil Fuels http://t.co/gzORlViU
May 22, 2012 02:18 PM
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PrintPost "Stimulus" Unemployment: A Historical Perspective
As we have noted previously on numerous occasions, in January 2009 , the Obama Administration the$787 billion so-called “stimulus” would “create or save” 2.5 million jobs immediately, and 4.1 million jobs by 2010. It was claimed the “stimulus” plan would lead to an unemployment rate of below 8 percent. This - rather obviously - has not occurred. Unemployment is at over 10%, and 2.74 million jobs have been lost in President Obama's First Year alone.
To adequately access the impact of President Obama's so-called "stimulus", however, it is best to compare employment data to what happened during similar, economic downturns. Enrique Martínez-García and Janet Koech, in a report for the Federal Reserve Bank of Dallas, have done just that. Their findings are both enlightening and disturbing.
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Note how unemployment has exceeded any other post WWII recession.
This graph is particularly telling - because it was October 2008 when the big-government spending spree really begun...
No matter how they try to spin it, the Stimulus has not only failed, it has also made the economic downturnconsiderably worse.
