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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%.
Originally posted by johnny2127
I just do not get why people are not more outraged.
This is just like how their worst case scenario estimate during the stress tests have already been passed this early.
They estimates have always been far off, and their solutions are doing the exact opposite of their stated purpose.
Originally posted by Ahabstar
So using their estimates (provided they held true) Congress approved nearly a Trillion dollars after spending nearly the same amount under Bush for 0.3% difference in unemployment.
Using that logic lets just spend another $39.5 Trillion and have zero unemployment for a change. That works, right?
Anyone recall that little news blurb about how Social Security will be broke by 2037 if they do nothing? Too bad the MSM did not explain it in plain terms: You get to continue to pay into the system your entire working life and when you retire you get nada from the system.
In other words, give me five dollars a day to spend how I see fit and when you need it I will give you nothing but a "thank you for your support over the years". In the real world we call that a pyramid scheme and it is highly illegal.