Obama's own estimates for where the economy would be right now with and without his legislation, page 1
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Topic started on 8-6-2009 @ 08:48 PM by johnny2127

As can be seen, they estimated that by this time (June 2009), the unemployment rate WITHOUT the stimulus package would have been about 8.2%. With the economic package, it would have been a whopping 7.9%.


Article

That means that even by their own estimates, Obama and his Administration, SO FAR, are 4,500,000 job off in where they thought the economy would be with their policies. This means one of three things:

1) Their policies are not working and having the opposite impact of what was intended.
2) The problem was much more serious than even they thought
3) All of the above

Regardless is greatly reduces my faith in their policies, and estimates going forward. I assume it would for you as well




[edit on 8-6-2009 by johnny2127]
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