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.