AP kinda sorta admits: The stimulus isn’t working
posted at 8:08 pm on June 8, 2009 by Allahpundit
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Yet. It’s not working yet. Just wait until next year when the spending really kicks in. After the economy’s, er, already started to recover.
Plus, it’s already “created or saved” not quite one-tenth the total number of jobs lost. That’s worth upwards of a trillion dollars, isn’t it?
Neither the acceleration nor the jobs goal are new. Both represent a White House repackaging of promises and projects to blunt criticism that the effects haven’t been worth the historic price tag. And the job estimate is so murky, it can never be verified.
The economy has shed 1.6 million jobs since the stimulus measure was signed in February, far overshadowing White House announcements estimating the effort has saved 150,000 jobs. Public opinion of Obama’s handling of the economy has declined along with the jobs data.
For the first time, the administration admitted the economic forecasts it used to sell the stimulus were overly optimistic…
Some analysts believe the White House is still not being realistic, that Obama will be lucky if any real job creation from his recovery effort is seen by the end of the year, let alone the employment explosion he predicts.
“I think these estimates are overly optimistic,” said Arpitha Bykere, a senior analyst with RGE Monitor…
Several economists said Monday the economy is unlikely to see much boost from the stimulus before next year.
Via Frank Strategies, a quickie recap of poor economies then and now. Rest assured, if/when unemployment does start to bounce back, Papa O’s generosity with our money will be given ample credit. No matter when it happens.
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It’s a darn good thing BHO is creating/saving 600,000 new jobs at McDonalds.
Knight_of_the_Mind on June 9, 2009 at 11:06 AM
This should read:
One expects politicians to stretch the truth, even to lie for the sake of national defense. Progressives like Obama deliberately blur the facts in their minds to the point they can no longer distinguish reality from their subjective wishes. What’s true is whatever they say is true, even if five minutes later they say the exact opposite. They live in a Heraclitean universe of constant flux, and are perfectly willing to coerce others to share their nightmare world.
JDPerren on June 9, 2009 at 11:30 AM
Someone needs to ask about the created jobs: who? where? why?
The only reason Obama is making these absurd claims is that the press is letting him do it.
virgo on June 9, 2009 at 11:33 AM
There is only one true God and Obama is his name….Obamahakbahr. I sure wish His Coolness would fix the economy already…or walk on water. Either one to prove his diety.
Wyznowski on June 9, 2009 at 12:39 PM
You mean socialism doesnt work?? damn!
The Final Cut on June 9, 2009 at 12:45 PM
No, it doesn’t. They haven’t been giving away those Che T-shirts all these years.
For all the hype about a new way to run the country back before the Election, Obama’s team certainly has picked a tried and
truefailed model.coldwarrior on June 9, 2009 at 1:32 PM
The stimulus isn’t working — neither are any of Obama’s Middle East initiatives.
TruthBeTold on June 9, 2009 at 3:13 PM
Comment pages: « Previous 1 2