Pelosi: Unemployment would be 15 percent were it not for us

posted at 1:20 pm on November 4, 2011 by Tina Korbe

She cites no study, provides no evidence, but baldly makes the claim: If President Barack Obama and congressional Democrats had not passed the $825 billion stimulus bill in February of 2009, unemployment today would be 15 percent.

“I think it’s really important to know that President Obama was a job creator from day one,” [Nancy] Pelosi said at her Thursday briefing. “Now, was the ditch that we were in so deep that when you’re talking to people and they still don’t have a job, that that’s any consolation to them?  No.

“But I’ll tell you this,” said Pelosi, “if President Obama and the House congressional Democrats had not acted, we would be at 15 percent unemployment. Again, no consolation to those without a job, but an important point to make.”

Here’s an equally important point to make, Ms. Pelosi: The official unemployment rate might stand at 9.0 percent — but that doesn’t mean actual unemployment isn’t even greater than that. In fact, factor in underemployment and marginal attachment and the figure is 16.2 percent.

Beyond that, a CBO report belies Pelosi’s generous assessment of the effects of the stimulus.

report published by the Congressional Budget Office in August estimated that in the fourth quarter of 2011, the stimulus signed by President Obama in 2009 would have the impact of reducing the national unemployment rate between 0.3 points to 1.1 points from what it otherwise would have been.

If Pelosi thinks (9.0 + 0.3 = 15) or (9.0 + 1.1 = 15), she must have as much trouble with math as Obama does. According to that report, the best Pelosi could claim is that, without the stimulus, unemployment might have been somewhere in the range of 9.3 percent or 10.1 percent.

Today’s jobless numbers are “not good news” for the Obama administration, no matter how he and his supporters exaggerate his impact. The unemployment rate might not be a surefire predictor for the success or failure of a reelection effort, but high unemployment doesn’t exactly make voters happy with the administration. Furthermore, unemployment acts as a drag on the economy — and economic growth as measured by GDP is a reasonable predictor of reelection. Twelve months of stagnation won’t serve Obama (or really any incumbent) well. And as Ed has pointed out repeatedly this morning, the number of jobs added barely keeps pace with population growth — and makes no dent in the backlog of the 14 million unemployed.


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Funny. This is different than even the WH says would have happened

ConservativePartyNow on November 4, 2011 at 1:23 PM

It is 15%, and more, you utter fool.

Schadenfreude on November 4, 2011 at 1:24 PM

Every time she stretches open that Botox-reinforced trap of hers, it astounds me that such a person can hold a position of power in America.

Cicero43 on November 4, 2011 at 1:24 PM

Wait until X-mas is over.

Nancy is delusional. Let her fly her broom.

Schadenfreude on November 4, 2011 at 1:24 PM

Math is hard.

csdeven on November 4, 2011 at 1:24 PM

Dude. Unemployment would totally be like eleventy billion if President Obama hadn’t swept in and saved our bacon and stuff.

/ows

Washington Nearsider on November 4, 2011 at 1:25 PM

Plastic surgeons: Nancy, you would look 115 if it weren’t for us.

Kataklysmic on November 4, 2011 at 1:26 PM

I wonder how many from the press, after hearing this idiotic clap trap, go private, and laugh their collective arses off at this creature.

capejasmine on November 4, 2011 at 1:27 PM

A) It is %15 if you adjust for all the workers who have stopped trying or retired early since 2008.

B) I thought unemployment would be 8% if not for you.

HitNRun on November 4, 2011 at 1:27 PM

Note to Pelosi’s plastic surgeon: The botox is supposed to be injected into the flesh outside the skull.

Hiya Ciska on November 4, 2011 at 1:27 PM

Plastic surgeons: Nancy, you would look 115 if it weren’t for us.

Kataklysmic on November 4, 2011 at 1:26 PM

ROFL!!!

capejasmine on November 4, 2011 at 1:27 PM

Naw, it would probably 35%, and we would be eating the elderly to stay alive…

right2bright on November 4, 2011 at 1:28 PM

Note to Pelosi’s plastic surgeon: The botox is supposed to be injected into the flesh outside the skull.

Hiya Ciska on November 4, 2011 at 1:27 PM

Cut her some slack. Her liquor tab has been cut since losing the gavel. She needed something to drink, and the vials were just sitting there. Goading, begging, pleading for her to just take a sip. ;)

capejasmine on November 4, 2011 at 1:28 PM

Pelosi: Unemployment would be 1.5 percent were it not for us

I think this is what she meant guys

Gatsu on November 4, 2011 at 1:29 PM

Why not 30%?

I mean if we’re just making up numbers to make things look good, she might as well go whole hog and put it up there.

Hell, she could have shown some solidarity with OWS and said unemployment would have been 99% without Obama.

ButterflyDragon on November 4, 2011 at 1:30 PM

And our always on the ball press is tearing her up about this statement as we speak.I feel better already.

docflash on November 4, 2011 at 1:30 PM

Maybe she shouldn’t have opened that can of worms. Say what you will, she’s a very courageous woman.:)

a capella on November 4, 2011 at 1:31 PM

kataklysmic nails it

ted c on November 4, 2011 at 1:32 PM

What’s with using the picture of her from 1970 Tina?

Kelligan on November 4, 2011 at 1:35 PM

No one really reports the true unemployment #. It’s all fabricated. The only true # is how many working eligible people are not working. Probably 22%

rjoco1 on November 4, 2011 at 1:35 PM

Don’t you just love it when Nancy gets flustered…

her hands turn into some sort of fleshy claw.

Seven Percent Solution on November 4, 2011 at 1:36 PM

Using the same set of facts, I can determine that without the $825 billion stimulus bill unemployment would be 2.5%. Prove me wrong Madame Pelosi.

dirtseller on November 4, 2011 at 1:36 PM

Math is Haaaaaaaaaaaaaard.

Tim_CA on November 4, 2011 at 1:36 PM

The Whine and Congressional Democrats also kept us safe from evil zombie unicorns.

rbj on November 4, 2011 at 1:38 PM

Woman is truly an embarrassment to our nation.

AND crazy…

golfmann on November 4, 2011 at 1:38 PM

In fact, factor in underemployment and marginal attachment and the figure is 16.2 percent.

That’s like not factoring the price of food and gas into the inflation rate…

… We can’t have THAT now, can we?

/

Seven Percent Solution on November 4, 2011 at 1:38 PM

I thought these AHOLES promised us it would not go over 8% if we gave them a trillion dollars….sounds like Mrs. Botox is moving the goalpost on us after the fact…….

SDarchitect on November 4, 2011 at 1:43 PM

As if we needed more proof that this woman is demented

liquidlanguage on November 4, 2011 at 1:44 PM

I’m sure she’s going to get pilloried in the press for that statement.

/s

John Deaux on November 4, 2011 at 1:44 PM

Well, at least she helped us from losing 500 million jobs by passing the recovery package.

Rambotito on November 4, 2011 at 1:45 PM

But but but our Lecturer-in-Chief says Pelosi was the bestest Speaker of the House ever!

eyedoc on November 4, 2011 at 1:47 PM

I wish that HA would post the ACTUAL VIDEO

Of this elected official.

So that California can be liberated from such foolishness. Nancy Pelosi is a stuttering fool, trapped in some sort of Washington DC bubble of Hollywood. Pelosi, Insider Trader\

But, she can cluck cluck her way out of it.

We also paid for her latest botox and hair dooo.

She also indicts Durbin. Re-play and re-read.

/Bad doo, Nance.

Key West Reader on November 4, 2011 at 1:47 PM

Ahem. Not buyin’ it, Nancy.

OhioCoastie on November 4, 2011 at 1:48 PM

Why do her eyebrows go halfway to her ears?

Akzed on November 4, 2011 at 1:48 PM

Nancy, I hate to tell you this but the real unemployment rate is at least 15%.

I could create more than 5 million jobs in 6 months but it would require Democrats to use some judgment.

The Rock on November 4, 2011 at 1:50 PM

This dolt relies upon the media to cover her stupidity, ignorance, and blatant corruption. What a disgrace.

pat on November 4, 2011 at 1:52 PM

Good news!

Nanzi Pelozi lost her wealth and lofty position in the US House of Representatives after she was indicted for insider trading.

However, she will still be entitled to her pension, despite the fact that she is a multi-millionaire and a member of the one percent.

Key West Reader on November 4, 2011 at 1:57 PM

Prescription drugs can be just as dangerous as illicit drugs.

forest on November 4, 2011 at 1:59 PM

“I think it’s really important to know that President Obama was a job creator from day one,” [Nancy] Pelosi said at her Thursday briefing. ”Now, was the ditch that we were in so deep that when you’re talking to people and they still don’t have a job, that that’s any consolation to them? No.

If the “ditch” she’s referring to here is unemployment, then I’m curious why such a deep ditch had to get even deeper once Obama took office.

BlueCollarAstronaut on November 4, 2011 at 1:59 PM

From the video it appears that Stretch either has a bad case of dry mouth, or maybe the BS she spews is causing her to have trouble swallowing. I think it’s a BS problem.

redwhiteblue on November 4, 2011 at 2:00 PM

I thank Obama by depressing the job market so much that I’ve not been able to find work, even though I went back to school to further my education and make myself more marketable.

Thank you, Barack, you’re doing a helluva job!

madmonkphotog on November 4, 2011 at 2:08 PM

I think she means that since they move so many of those lost jobs to unemployed and no longer looking it is only 9%. If they truly looked at the total number of jobs lost, then we would have about 15%.

Either that or she is just a crazy old woman who is lying…

jeffn21 on November 4, 2011 at 2:11 PM

Will someone please kindly forward her the CBO projections of unemployment that were used to cram the stimulus package down our throats? I don’t think they ever showed unemployment approaching 15%.

Neo-con Artist on November 4, 2011 at 2:14 PM

“if President Obama and the House congressional Democrats had not acted, we would be at 15 percent unemployment.

Let me get this straight…
Without the stimulus, the unemployment rate would have been 15%.
With the stimulus, the unemployment rate is 16.2%.

That must be the magic of Keynesian economics.

ss396 on November 4, 2011 at 2:15 PM

Delusion, its not just for asylums anymore.

Speakup on November 4, 2011 at 2:22 PM

This is the person who also said unemployment is the biggest, most effective stimulus program. Evah.

Deep Thought is still attempting to decipher that coded message.

BobMbx on November 4, 2011 at 2:23 PM

I watched at the video in the article…
The question I have is why aren’t the people (journalists) asking her the questions challenging her on the 15% claim? Where is her proof? Asking her why is she making up things? If she said 50% unemployment without Obama would the journalist just sit there and agree with her?

albill on November 4, 2011 at 2:24 PM

Her plastic surgeon told her.

ctmom on November 4, 2011 at 2:25 PM

Pelosi is a genius! When it comes to spreading lies and propaganda. As the speaker for many years she’s had lots and lots of practice and she knows that all she has to do is say something in front of the media and whether it’s the most far fetched unimaginably lame or bizarre statement having no relation to facts or truth, it doesn’t matter. The media will report it as such, and every journalist in the country can dispute whatever it is she’s said but it’s too late…the damage is done. What surprises me, though, is that here she has omitted her most tried and true talking point…blaming Bush! She usually tries to get in some kind of dig whenever there’s a mic in her botoxed face.

scalleywag on November 4, 2011 at 2:26 PM

It is more than 15% right now, depending on how you run the numbers.

Clueless in SF

tx2654 on November 4, 2011 at 2:26 PM

LSM to reintroduce Funemployment in 5…4…3…

pain train on November 4, 2011 at 2:32 PM

Intellectually bankrupt – check.

Morally bankrupt – check.

Rich as croesus – check.

Ugly as sin – check.

Who needs the donkey? Replace it with a photo of Pelosi and make it the Democrat Party’s trademark symbol going forward.

NoDonkey on November 4, 2011 at 2:38 PM

Will someone please kindly forward her the CBO projections of unemployment that were used to cram the stimulus package down our throats? I don’t think they ever showed unemployment approaching 15%.

Neo-con Artist on November 4, 2011 at 2:14 PM

Actually, the CBO models generally attributed about a 2% reduction in unemployment over the course of the entire stimulus lifespan. This number is obviously far less than the 6% cited by Pelosi.

What no one knows is how bad the situation might have become had the economy not been boosted by public spending. By every estimate, GDP growth would have been negative for 3 or 4 additional quarters if not for the stimulus, and that very well could have led to additional and much deeper job cuts and far, far higher unemployment. But you can’t really take credit for something that your actions might have prevented.

bayam on November 4, 2011 at 2:46 PM

“But I’ll tell you this,” said Pelosi, “if President Obama and the House congressional Democrats had not acted, we would be at 15 percent unemployment. Again, no consolation to those without a job, but an important point to make.”

OK, San Fran Nan, PROVE IT! Take back all the Porkulus money from everybody who got it and distribute it to taxpayers, in proportion with the taxes they paid in 2009, and see what happens to the unemployment rate.

Eight percent? Do I hear seven? Six and a half, anyone?

Steve Z on November 4, 2011 at 2:46 PM

Pure Evil…

PatriotRider on November 4, 2011 at 2:53 PM

You’ll have to pardon Nancy-poo. She’s a poster child for what Botox can do to the brain.

GarandFan on November 4, 2011 at 2:54 PM

OK, San Fran Nan, PROVE IT! Take back all the Porkulus money from everybody who got it and distribute it to taxpayers, in proportion with the taxes they paid in 2009, and see what happens to the unemployment rate.

Eight percent? Do I hear seven? Six and a half, anyone?

Steve Z on November 4, 2011 at 2:46 PM

You have to remember that in a balance sheet recession, tax breaks historically don’t have that level of impact on unemployment as consumers are trying to recover from high levels of personal debt. Richard Koo is one of the guiding lights on this topic- it explains why the Fed’s deep investments in the banking system haven’t really had much of an impact either.

http://articles.businessinsider.com/2011-11-01/markets/30345021_1_banks-capital-ratios-tougher-capital-rules

bayam on November 4, 2011 at 2:55 PM

Just remember this.

She’s a millionaire

But YOU paid for her Botox, new doo, facial and wardrobe.

Key West Reader on November 4, 2011 at 3:07 PM

She’s right, because they fudged the numbers on how to calculate unemployment….change the equation and we have a nice happy number of 9 instead of 15-20%

Conservative Voice on November 4, 2011 at 3:24 PM

“But I’ll tell you this,” said Pelosi, “if President Obama and the House congressional Democrats had not acted, we would be at 15 percent unemployment. Again, no consolation to those without a job, but an important point to make.”

What Pelosi doesn’t say is that 25 plastic surgeons filled new positions created by TARP, who worked desperately to fix her gawd-awful face.

Somewhere along the way, they lost her brain.

6 of one, 1/2 dozen of another.

Danny on November 4, 2011 at 3:28 PM

Pelosi: Unemployment would be 15 percent were it not for us

Yup, and only with Obama do we have 57 states in the union as well.

RJL on November 4, 2011 at 3:38 PM

How the heck does she keep getting re-elected? How many dead people vote for her?

sadatoni on November 4, 2011 at 3:48 PM

I think we should pass an Economic Depression in order to see what’s in it.

EMD on November 4, 2011 at 3:58 PM

Why is it every time I see this woman all I can think of is that bat guano crazy guy in Water World that Costner and crew met up with in the middle of no where that talked to the mast of his boat.

vinceautmorire on November 4, 2011 at 4:09 PM

She’s getting far more modest with her lies. Two years ago, she was claiming that 500,000,000 Americans were losing their jobs every month that we didn’t have an economic recovery package. All things considered, I’m surprised she didn’t claim that unemployment would be over 900% without her.

morganfrost on November 4, 2011 at 4:29 PM

President Obama a job creator from day one? I guess if you only consider all the czars and unelected, unaccountable bureacrats hired into the federal government for lifetime jobs and benefits, sure.
Doesn’t work so well considering all the jobs not saved and not created due to all the harmful, dangerous legislation that he and his party pushed through and continue to enact through executive fiat.
but it’s ok. nancy’s non-unionized restaurants and winery are doing just fine so she doesn’t feel the pain.

smfic on November 4, 2011 at 4:34 PM

Pelosi: Unemployment would be 15 percent were it not for us our defeat and removal from power in the House in 2010

(Corrected Pelosi quote to reflect actual truth)

landlines on November 4, 2011 at 4:59 PM

Why is it every time I see this woman all I can think of is that bat guano crazy guy in Water World that Costner and crew met up with in the middle of no where that talked to the mast of his boat.

vinceautmorire on November 4, 2011 at 4:09 PM

Nancy’s his mother.

landlines on November 4, 2011 at 5:01 PM

Richard Koo is one of the guiding lights ital-rules

bayam on November 4, 2011 at 2:55 PM

Why? Because you say so?

The reality is that we have so totally screwed ourselves. The long term cost is totally lost on dupes like yourself. The government has put us in a position that we probably will never dig out of. Good job.

CW on November 4, 2011 at 6:07 PM

Plastic surgeons: Nancy, you would look 115 if it weren’t for us.

Kataklysmic on November 4, 2011 at 1:26 PM

If Bela Pelosi has one more facelift, she’ll have a goatee.

pdigaudio on November 4, 2011 at 6:37 PM

Meanwhile the Air Force is RIFing over 400 officers and buying out 6000 civilians as an appetizer to cutting their enlisted personnel.

The tax savings to us po’ common folk will be astounding!

Dr. ZhivBlago on November 4, 2011 at 7:03 PM

Yeah and without the Bush Tax Cuts we would have had 85% Unemployment after 911 and Katrina. And Bush prevented 56,127 WMDs in Iraq. Where did I get these stats? Same place Pelosi got hers. BUTT

Dennis D on November 4, 2011 at 7:26 PM

Pelosi really knows how to stretch the truth.

flutejpl on November 5, 2011 at 9:38 AM