The Lone Fortress

June 9, 2009

Another jobless recovery?

Filed under: Uncategorized — lonefortress @ 12:18 pm

When the Bush plan failed to produce jobs fast enough after the Clinton internet bust, the media repeated the Democratic talking-point about a “jobless recovery” endlessly. Now, because the media won’t do it, as unemployment hits highs not seen for 25+ years, let’s review the Obama Administration’s rosy predictions for their “Recovery Plan”. Remember that we had to pass an emergency $700 billion dollar recovery package, adding more than $2,000 in debt per American, in two days without even reading it in order to create jobs fast! 

There are a few indisputable facts that can be highlighted here:

  1. According to the Obama Administration’s own numbers, unemployment is now significantly worse than it would have been without their Recovery Plan.
  2. The Obama Administration seriously overestimated the effect of their Recovery Plan on unemployment.

Especially amusing is how the media is spinning this jobs report as good news, and how Obama himself said we’re trending in the right direction. He’s so out-of-touch, he could be a Republican! Doesn’t he know the people are hurting?

 

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