Department of Labor Graph shows without the stimulus Unemployment would reach over 9 percent in 2010, With program Unemplyment would be at 7 Percent

Another example of Government not having a handle on the economy.  Based on the graph, Look like if the Government did NOTHING we be in better shape as unemployment is not at 9% without the measure but 9,6 without government intervention

The Labor Department released its latest employment figures, prompting some fairly dire projections from economists:

Worse-than-expected news on unemployment and home sales Thursday dampened optimism that a broad economic recovery might be near.

Many analysts don’t expect the housing slide to show signs of stabilizing until the second half of this year. They said layoffs may be at their high point, but that the jobless rate, already at a 25-year high, will keep rising until the middle of 2010.

Rise until 2010? RISE UNTIL 2010?

That can’t be – Obama’s economic team promised us that if we passed the stimulus package, unemployment would start dropping by July 1st! In fact, they even made a graph to show us how wonderful the stimulus package was going to be:
stimulus-unemployment-april-proj

See? SEE? The unemployment rate was never supposed to go over 8%. But when you compare projections to the actual unemployment results (the triangles in maroon), the actual data doesn’t seem to follow the “With Recovery Plan” curve.

In a stunning surprise, the data does follow the curve projected by the GOP and the conservative punditry, who said there would be no near-term benefit from the stimulus package. Now the economists are saying that the unemployment rate won’t start dropping until the middle of 2010. Gee, that’s when it would have started dropping if we had done nothing.

I know we all thought the stimulus package was not focused very well on near-term relief, but I don’t think anybody would have predicted that it would have absolutely no benefit 2 months after it had passed.  …or more than a year after it had passed.

via $787 Billion Doesn’t Buy Very Much These Days « Innocent Bystanders.

About Albert N. Milliron 6987 Articles
Albert Milliron is the founder of Politisite. Milliron has been credentialed by most major news networks for Presidential debates and major Political Parties for political event coverage. Albert maintains relationships with the White House and State Department to provide direct reporting from the Administration’s Press team. Albert is the former Public Relations Chairman of the Columbia County Republican Party in Georgia. He is a former Delegate. Milliron is a veteran of the US Army Medical Department and worked for Department of Veterans Affairs, Department of Psychiatry.

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