Chart of the Day: CBO report an F on the 2009 stimulus package

posted at 9:50 am on February 17, 2012 by Ed Morrissey

Today we, er, celebrate the third anniversary of the 2009 stimulus package’s presidential signature.  When Barack Obama applied his signature, he promised that the $800 billion authorized to his administration by a Democratic Congress would allow him to keep unemployment under 8% and revamp the American economy for long-term prosperity and solid economic growth.  Yesterday, in an early anniversary present, the CBO scored the performance of the stimulus and the Obama administration on that very metric, and the first paragraph delivers the verdict clearly, emphases mine:

The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression. Moreover, the Congressional Budget Office (CBO) projects that the unemployment rate will remain above 8 percent until 2014. The official unemployment rate excludes those individuals who would like to work but have not searched for a job in the past four weeks as well as those who are working part-time but would prefer full-time work; if those people were counted among the unemployed, the unemployment rate in January 2012 would have been about 15 percent. Compounding the problem of high unemployment, the share of unemployed people looking for work for more than six months—referred to as the long-term unemployed—topped 40 percent in December 2009 for the first time since 1948, when such data began to be collected; it has remained above that level ever since.

Frankly, there isn’t much to be added to this score.  It’s a good, solid F- for the stimulus and the President who wasted $800 billion on it, three years after insisting that his gimmicky approach to economics would create a modern economy that would generate prosperity for all.  But just in case you need it, the CBO includes this very helpful chart on unemployment at the beginning of the report:

The NRSC “celebrates” the third anniversary with a new video, and a large number of quotes from Democrats running for the Senate in 2012 who assured their constituents that the stimulus was just what America needed:

Nelson: “Florida’s Drastic Rise In Unemployment Deserves Immediate Attention And Swift Action. The Senate’s Stimulus Package Will Provide Jobs That Lay A Foundation For A Clean-Energy Future. It Also Has Special Provisions That Will Help Homeowners Who Are Facing Foreclosure.” (Senator Bill Nelson Website, “Floridians’ Top Concerns: Retirement, Health Care, Jobs,” www.billnelson.senate.gov, Accessed 12/13/10)

Kaine Said The Stimulus Was One Of The First Flagstones In The “Road To Recovery.” “From his efforts came the first flagstones in the road to recovery. The Recovery Act, which put vital dollars back into the pockets of working families, pumped critical funding into high-growth industries and promoted projects that employed Americans and improved vital infrastructure.” (Tim Kaine, Op-Ed, “The President’s Progress,” Politico, 12/31/10)

Berkley Said The Stimulus Bill Would “Create Or Save 4 Million Jobs Over The Next Two Years,” Nationwide. Shelley Berkley: “The American Recovery and Reinvestment Act will create or save 4 million jobs over the next two years. In my district, thousands of construction workers will be put back to work improving infrastructure, building renewable energy facilities, improving school buildings and generally strengthening the future of our nation.” (“Rep. Berkley Urges Passage Of Broad Stimulus Package,” Congresswoman Shelley Berkley Press Release, 1/27/09)

Tester’s Press Release Said The Stimulus Would Create “Millions Of New Jobs” And Cut Taxes “By Hundreds Of Billions Of Dollars.” “Both of Montana’s U.S. Senators today voted in favor of a plan to rebuild America’s struggling economy by creating millions of new jobs, investing in long-term infrastructure, and cutting taxes by hundreds of billions of dollars. Senators Max Baucus and Jon Tester voted to pass the Jobs Bill, formally known as the American Recovery and Reinvestment Act.” (Senator Jon Tester, “Baucus, Tester Vote For Final Jobs Bill, At Least $626 Million For Montana,” Press Release, 2/13/09)

Stabenow: “So This Is — This Is A Jobs Bill, Number One, Jobs Rebuilding America, Jobs In The Green Economy. It’s Also About Making Sure We Keep People Working, Keep Our Police Officers On The Streets, And Focus On Quality Schools.” (Fox News Channel, 1/28/09)

Sherrod Brown: “So It’s Not Just Shovel-Ready Projects That Are Ready To Go Now That Will Create Jobs, It’s Also – It’s Also Green Jobs, And It’s Also Building For The Future, So When You Do Economic Stimulus, It Really Needs To Look At What Kinds Of Jobs It’s Going To Create, Not Just Immediately But Two Years, Five Years, Ten Years Down The Road.” (ABC’s, “This Week,” 12/28/08)

Baldwin Said The Stimulus Would Create Or Save 67,000 Jobs In Wisconsin. Baldwin: “In Wisconsin alone, this bill will create or save more than 67,000 jobs, and provide more than $1 billion in health care for the uninsured, Baldwin explained.” (Rep. Tammy Baldwin, “Baldwin Votes For Economic Recovery Plan,” Press Release, 1/29/09)

Heinrich Called The Stimulus A “Jobs Creation Package” And Said It Would “Rebuild America’s Economy.” “‘This jobs creation package will rebuild America’s economy, making us more globally competitive and energy independent, while providing 95% of Americans with immediate tax relief,’ aid Rep. Heinrich.” (Congressman Martin Heinrich, “New Mexico Delegation Supports American Recovery And Reinvestment Act That Could Create 22,000 Jobs In New Mexico,” Press Release, 2/13/09)


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$5 says he put lotion on as soon as he got back in the limo.

rogerb on February 17, 2012 at 9:53 AM

I want to see the F on that report.

LetsBfrank on February 17, 2012 at 9:54 AM

An economy built to crash.

Key West Reader on February 17, 2012 at 9:55 AM

Using a square shovel for breaking ground, good job O./

askwhatif on February 17, 2012 at 9:56 AM

Sadly, even after the CBO serves up an easy hit like this, the GOP candidates will go back to sniping at each other.

DonCherry on February 17, 2012 at 9:56 AM

It’s not about actual employment silly! It’s about saving…maybe throw in a little creating. It’s called nuance – get some.

DHChron on February 17, 2012 at 9:57 AM

Wait, throwing an insane amount of money at a problem didn’t fix it?

Well, I’m out of ideas then.

/Obama

Left Coast Right Mind on February 17, 2012 at 9:58 AM

RAAAAACIST Chart.

dirtseller on February 17, 2012 at 9:58 AM

This is the chart that makes me cringe in horror:

http://pjmedia.com/instapundit/wp-content/uploads/2012/02/wherearethejobs.jpg

Yep, recovery summer and green shoots! Green effin shoots!

We need that dude who collects silver and takes his Louisville slugger to everything to come back and make more videos.

Bishop on February 17, 2012 at 9:59 AM

Using a square shovel for breaking ground, good job O./

askwhatif on February 17, 2012 at 9:56 AM

And it’s made of gold!

Key West Reader on February 17, 2012 at 10:01 AM

When evaluating the success of any project you refer to your defined success criteria. In this case:

- Pay off campaign backers, cronies, friends
- Demagogue the opposition relentlessly to bolster personal popularity
- Suborn the Media to cheer-lead constantly to bolster popularity
- Siphon off money to form a slush fund for future extra-constitutional ventures
- Massively increase the deficit to pave the way for massive government over reach.

Against these criteria, Piggy views the Stimulus as an outstanding success and awards it an A+ with twinkles.

CorporatePiggy on February 17, 2012 at 10:01 AM

Bush’s fault …

PackerBronco on February 17, 2012 at 10:05 AM

Using a square shovel for breaking ground, good job O./

askwhatif on February 17, 2012 at 9:56 AM

Mehy, give him a break, you know it’s the first time in his entire life he’s ever used a shovel, it’s a wonder he even used the spade end to dig with.

SWalker on February 17, 2012 at 10:06 AM

Wait, throwing an insane amount of money at a problem didn’t fix it?

Well, I’m out of ideas then. let’s throw an insane amount of money at the problem and see if that helps.

/Obama

Left Coast Right Mind on February 17, 2012 at 9:58 AM

FIFY

Lost in Jersey on February 17, 2012 at 10:07 AM

SWalker on February 17, 2012 at 10:06 AM

Yah, I was thinking the same thing.

-Here’s the shovel Mr. President.

“Ok…uh…where’s the ON button?”

Bishop on February 17, 2012 at 10:09 AM

9:00 am || Departs San Francisco
10:50 am || Arrives Everett, Washington
11:05 am ||Tours Boeing Everett Production Facility
11:25 am || Delivers remarks at Boeing
2:00 pm || Delivers remarks at a fundraiser; private residence
3:45 pm || Delivers remarks at a fundraiser; Westin Bellevue Hotel
5:00 pm || Departs Everett
12:45 am ET || Arrives White House

Workin’ hard or hardly workin’?

From WH Dossier

Key West Reader on February 17, 2012 at 10:09 AM

“Ok…uh…where’s the ON button?”

Bishop on February 17, 2012 at 10:09 AM

That’s not a shovel. It’s an eatin’ tool.

Key West Reader on February 17, 2012 at 10:10 AM

Frankly, there isn’t much to be added to this score. It’s a good, solid F- for the stimulus and the President who wasted $800 billion on it,

…then add this to Obama’s catastrophic failure on debt:

(via viking pundit)
http://directorblue.blogspot.com/2012/02/chart-from-obama-budget-that-is-so.html

………..combined with losing the Afghan war….failure on Iran, and turning countries like Libya over to the jihadist……

….and you have the “4th best President evaaaaaaaaaaa” according to President downgrade.

Baxter Greene on February 17, 2012 at 10:14 AM

We don’t have time to run news about that today, don’t you know it’s Whitney Houston’s funeral?

NoDonkey on February 17, 2012 at 10:14 AM

If you grade based on a curve, add bonus points for all the discrimination and oppression Obama has suffered in his life, and subtract some for his white half, he gets a… Solid B+

wildcat72 on February 17, 2012 at 10:15 AM

Obama only wants to be president for one term. He just wants the term to last as long as he lives.

The Rogue Tomato on February 17, 2012 at 10:15 AM

He’s diggin’ up his stash.

Trafalgar on February 17, 2012 at 10:15 AM

Wait, throwing an insane amount of money at a problem didn’t fix it?

Well, I’m out of ideas then.

/Obama

Left Coast Right Mind on February 17, 2012 at 9:58 AM

Barry threw an insane amount of borrowed money, but he didn’t throw it at the problem; instead, he threw it at the people who helped create the problem (unions, “community” aid groups like ACORN, etc.), who co-incidentally are also the same people who helped to elect Barry Hussein Soetoro/Obama.

AZCoyote on February 17, 2012 at 10:19 AM

Why do you think they had George S start asking social questions at the debate for? The media will ignore the economy, or tilt any local improvements to JugEars credit. Figures will lie and liars will figure!
One billion in ads PLUS the major media to fight!
Someone said they’ll bring a gun to the knife fight…and we have a pen knife!

KOOLAID2 on February 17, 2012 at 10:19 AM

“Ok…uh…where’s the ON button?”

Bishop on February 17, 2012 at 10:09 AM

ROTFLMAO… It DOES kind of look like he is looking for it in that photo doesn’t it…

SWalker on February 17, 2012 at 10:20 AM

I can’t believe Obama is at 50% approval with fewer people employed than when he was elected, trillion dollar deficits, unpopular health care reform, green energy scandals, Fast and Furious and lots of broken promises. If a Republican had this record his approval would probably be about 40%.

Wigglesworth on February 17, 2012 at 10:20 AM

You people just want to ban contraceptives.

Mord on February 17, 2012 at 10:20 AM

The debate on the stimulus bill will never end, because you can’t go back and rerun the experiment without it; there is no way to know how bad things would have gotten without it. I believe the ‘promise to keep unemployment under 8%’ actually derives from analysis done in 4Q08, when the impact of the stimulus was being discussed, and well before the total impact of the financial collapse was understood (by 1Q09 the picture had become much clearer). (see http://www.politifact.com/truth-o-meter/statements/2012/feb/08/mitt-romney/mitt-romney-says-president-promised-peak-8-percent/.)

The graph seems to indicate that unemployment peaked last year, and the recession was about as bad as the 1981-83 recession. The notable difference is in long term unemployment (which also appears to have peaked); the long term unemployment rate was exacerbated by the collapse in housing prices, which made it very hard for people to relocate to find new jobs. Regardless, it now appears that the worst is over, and we are clearly on the rebound.

TouchdownBuddha on February 17, 2012 at 10:21 AM

But the press would rather push the idea that Republicans don’t want women to have birth control…

Anything to distract from the terrible economy Obama has engineered and run further into the ground.

albill on February 17, 2012 at 10:26 AM

Regardless, it now appears that the worst is over, and we are clearly on the rebound.

TouchdownBuddha on February 17, 2012 at 10:21 AM

Yeah, we were told that back in the summer of 09. “Recovery Summer”? Did you hear about it?

Not much of a recovery was it?

catmman on February 17, 2012 at 10:27 AM

“The obvious answer is to spend more money.” – Libtard

or

“The stimulus wasn’t big enough.” – Libtard

catmman on February 17, 2012 at 10:28 AM

I can’t believe Obama is at 50% approval with fewer people employed than when he was elected, trillion dollar deficits, unpopular health care reform, green energy scandals, Fast and Furious and lots of broken promises. If a Republican had this record his approval would probably be about 40%.

Wigglesworth on February 17, 2012 at 10:20 AM

Exactly. Have Democrats really diluted the population that much in the last 50 years with immigration policy and expansion of government hand-outs, that people do not see this?

This will easily go down as one of the 5 worst presidents in American history because of all those “accomplishments” that you listed, and he is at 50%. When Republicans get a chance, they have to make changes to this insane immigration policy that only benefits Democrats, make everyone start paying their fair share (and by that, I mean making half the country start contributing for what they use probably 95% of), refore the tax code, and get this sinking ship back on track (or to use an Obama term, get the car out of the ditch).

I do disagree though, if a Republican had this record, his approval record would be in the 20′s to low 30′s.

milcus on February 17, 2012 at 10:28 AM

Barry threw an insane amount of borrowed money, but he didn’t throw it at the problem; instead, he threw it at the people who helped create the problem (unions, “community” aid groups like ACORN, etc.), who co-incidentally are also the same people who helped to elect Barry Hussein Soetoro/Obama.

AZCoyote on February 17, 2012 at 10:19 AM

That’s just it, he bought the presidency, then avenged his buddies 1000-fold, literally (604million to buy the office, over 604 billion in stimulus). I’m sure you all realise only union labor received most of the stimulus funds.

askwhatif on February 17, 2012 at 10:28 AM

If you grade based on a curve, add bonus points for all the discrimination and oppression Obama has suffered in his life, and subtract some for his white half, he gets a… Solid B+

wildcat72 on February 17, 2012 at 10:15 AM

Yes, but do you use a laffer curve a boolean curve or a homeomorphic Epicycloid curve????

SWalker on February 17, 2012 at 10:30 AM

Regardless, it now appears that the worst is over, and we are clearly on the rebound.

TouchdownBuddha on February 17, 2012 at 10:21 AM

Yeah, we were told that back in the summer of 09. “Recovery Summer”? Did you hear about it?

Not much of a recovery was it?

catmman on February 17, 2012 at 10:27 AM

but SHERIFF JOE!!!!

askwhatif on February 17, 2012 at 10:31 AM

The graph seems to indicate that unemployment peaked last year, and the recession was about as bad as the 1981-83 recession.

TouchdownBuddha on February 17, 2012 at 10:21 AM

What a load of pure BS, the charts only reflect the OFFICIAL numbers fed into it, and those numbers have been manipulated to hide reality.

SWalker on February 17, 2012 at 10:33 AM

If you grade based on a curve, add bonus points for all the discrimination and oppression Obama has suffered in his life, and subtract some for his white half, he gets a… Solid B+

George Bush. So that brings him to an A-

LetsBfrank on February 17, 2012 at 10:38 AM

BHO maybe gets an F- on his failed stimulus, but the cease in his pants remains oh so stylish.

exdeadhead on February 17, 2012 at 10:40 AM

OT-

Maine GOP – “The spam filter ate our caucus results”

Yes, they really said that.

teke184 on February 17, 2012 at 10:40 AM

In addition, some businesses may be concerned about how they will be affected by the implementation of recently enacted legislation dealing with the financial system and health care, by the government’s regulatory policies in other areas, and by possible future changes in federal tax and spending policies. (page 9)

J_Crater on February 17, 2012 at 10:42 AM

Obama: Straight F student, just saying.

Roy Rogers on February 17, 2012 at 10:44 AM

Way to put words in the CBO’s mouth. I’m sure they appreciate it.

Tom_Shipley on February 17, 2012 at 10:45 AM

I believe it’s at this point where we should be hearing Joe Biden promoting Jon Corzine as the new director of the CBO.

AnonymousDrivel on February 17, 2012 at 10:47 AM

typo

exdeadhead on February 17, 2012 at 10:47 AM

Way to put words in the CBO’s mouth. I’m sure they appreciate it.
 
Tom_Shipley on February 17, 2012 at 10:45 AM

 
I’m not following. Do you mean the direct quote where the CBO says
 

if those people were counted among the unemployed, the unemployment rate in January 2012 would have been about 15 percent.

 
or the direct quote where they say
 

for the first time since 1948, when such data began to be collected; it has remained above that level ever since.

 
?

rogerb on February 17, 2012 at 10:54 AM

But if it wasn’t for the Stimulus, unemployment would be 114%! And rich white guys would still get richer!

mankai on February 17, 2012 at 11:00 AM

This report is a fraud. Nowhere do they mention all the free gasoline and mortgage payments we’ve received since Obama was elected.

mankai on February 17, 2012 at 11:03 AM

Okay, key up the super pacs, its time to go to work.

DDay on February 17, 2012 at 11:03 AM

When Barack Obama applied his signature, he promised….

Promisers are losers.

timberline on February 17, 2012 at 11:04 AM

But if it wasn’t for the Stimulus, unemployment would be 114%! And rich white guys would still get richer!

mankai on February 17, 2012 at 11:00 AM

Newsflash: Obama Stimulus Was A Leftwing Boondoggle Created To Financially Benefit Obama-Connected Liberals

Obama’s Stimulus was barry, barry good to the left!

Roy Rogers on February 17, 2012 at 11:04 AM

Tester’s Press Release Said The Stimulus Would Create “Millions Of New Jobs” And Cut Taxes “By Hundreds Of Billions Of Dollars.” “Both of Montana’s U.S. Senators today voted in favor of a plan to rebuild America’s struggling economy by creating millions of new jobs, investing in long-term infrastructure, and cutting taxes by hundreds of billions of dollars. Senators Max Baucus and Jon Tester voted to pass the Jobs Bill, formally known as the American Recovery and Reinvestment Act.” (Senator Jon Tester, “Baucus, Tester Vote For Final Jobs Bill, At Least $626 Million For Montana,” Press Release, 2/13/09)

Tester is up for reelection this year it’s time to send him back to his farm.

Dr Evil on February 17, 2012 at 11:05 AM

Where’s the unemployment chart from 2009? Shouldn’t unemployment be closing in on 5% by now… and the deficit gone?

How’s that working out?

mankai on February 17, 2012 at 11:05 AM

Just a reminder, the date of the shift in the the balance of power from Republican to Democrat was not January 2009… it was January 2007, when Democrats took over the House and Senate, and therefore a majority of the budget-making entities.

The last time that Republicans held majority control was December 2006.

And what did the Democrats “inherit” from the Republicans?

Unemployment was 4.4%
and the total national debt was under $8.7 Trillion.

That’s what the Democrats inherited. And over the last 5 years, the Democrats have absolutely tanked our economy. Yet all they seem able to do is “blame Bush”.

ITguy on February 17, 2012 at 11:15 AM

I’m guessing there are plenty of reasonable people who work at the CBO. Reasonable people who know how to use a calculator and know more about this health care bill and economics than everyone on this board combined.

It’s funny, you guys will trumpet CBO findings when they’ll bad for democrats and dismiss them when they’re good for democrats.

Tom_Shipley on December 24, 2009 at 12:55 PM

One year ago today…

I shouldn’t be surprised, you face this news head on and you pretty much HAVE to admit the stimulus bill created a lot of jobs and without it, the economy would have been much worse off.

Tom_Shipley on February 17, 2010 at 8:31 PM

mankai on February 17, 2012 at 11:17 AM

The only time Obama got something right about a “Shovel-Ready” job:

I’ve got to go home to tuck in the girls and walk the dog and scoop the poop

ITguy on February 17, 2012 at 11:22 AM

“We’re building an economy built to be last”
-B. Obama

NOMOBO on February 17, 2012 at 11:24 AM

The economy still sucks by all measures that matter. But now that we’re in an election year, just wait for all the news stories starting to beat the drum about how the economy is “showing signs of improvement.” Heck, they’ve already started. Just this morning I heard how wonderful it was the new claims for jobless benefits have dropped four months in a row (no mention that they are still historically high). Oh, and new housing starts are picking up, too, did you know that? No mention about the glut of backlogged foreclosures that are about to hit. And GM posted a profit – the highest in three years and GM workers will receive an average in $7,000 in profit sharing! No mention of paying back the taxpayers who are on the hook for GM’s bailout. No sir — from here on out, to listen to the Obamaminions in the media, you’ll be turning your brain inside out trying to sqauare your reality with their fiction.

natasha333 on February 17, 2012 at 11:29 AM

Yes, but it was a good solid F, right. Oh, and it all still has to be paid back don’t forget. Was it worth it you say. Worthless is more like it. Worst Ever! With 0′s logo for an O.

Bmore on February 17, 2012 at 11:35 AM

Sorry should been all caps.

WORST EVER!

The O is still 0′s logo.

Bmore on February 17, 2012 at 11:37 AM

Mission accomplished!

eaglephin on February 17, 2012 at 11:41 AM

Wonder if Zients will still quote the CBO as the last word on all things.

ctmom on February 17, 2012 at 11:45 AM

10:50 am || Arrives Everett, Washington
11:05 am ||Tours Boeing Everett Production Facility
11:25 am || Delivers remarks at Boeing
2:00 pm || Delivers remarks at a fundraiser; private residence

Key West Reader on February 17, 2012 at 10:09 AM

With those NRLB actions, I’m sure that Boeing “tour” was just a 20-minute walk through adoring IAM union crowds to the teleprompters, while the company execs simpered behind him. I wonder if the private fundraiser was at Bill Gates’s place?

Marcola on February 17, 2012 at 11:58 AM

“The obvious answer is to spend more money.” – Libtard

or

“The stimulus wasn’t big enough.” – Libtard

catmman on February 17, 2012 at 10:28 AM

The great thing about those talking points is that that will always be the case.

The Socialists in the National Democratic Party can repeat those trite phrases ad nauseam and they can never be disproven.

Each and every time the Downgrade Administration wastes money or launders it through their cronies they can simply claim that it just wasn’t enough.

What a great racket for them.

Chip on February 17, 2012 at 12:00 PM

Mission accomplished!

eaglephin on February 17, 2012 at 11:41 AM

Barry’s lifelong journey has been to “bring an empire to its knees”.

But my journey is part of a larger journey – one shared by all who’ve ever sought to apply the values of their faith to our society. It’s a journey that takes us back to our nation’s founding, when none other than a UCC church inspired the Boston Tea Party and helped bring an Empire to its knees.

Barack Hussein Obama

The founding of our country was about freedom from tyranny and founding a government that would protect our Creator-endowed inalienable rights. It was not about bringing the British Empire to its knees.

But Obama’s life journey is all about bringing an empire to its knees.

So far, he’s doing pretty well at that goal.

Oh, and speaking of him applying “the values of his faith” to our society, I hope you all know that when he recited the opening lines of the Call to Prayer in Arabic, he was confessing the Islamic confession of faith.

In my opinion, it appears that Obama’s journey is to apply the values of Islam to our society and bring the American Empire to its knees.

I believe that is why his book, when published in the world’s most populous Muslim nation, was not given a translated title, but rather a title with a very different imagery:

Assault Hope: From Jakarta to the White House

ITguy on February 17, 2012 at 12:02 PM

Odds of this making the news on anywhere but blogs or FNC?

Yakko77 on February 17, 2012 at 12:02 PM


Odds of this making the news on anywhere but blogs or FNC?

Yakko77 on February 17, 2012 at 12:02 PM

The same as seeing this sort of thing in the MSM:

It’s time to return Holder’s contempt
http://www.nypost.com/p/news/opinion/opedcolumnists/it_time_to_return_holder_contempt_pw6HxNVJifwkZmabXSVZNP

‘Contempt of Congress” is a pretty strong term, and one with tangible legal consequences, but how else to describe Attorney General Eric Holder’s continuing obstructionism in the burgeoning Fast and Furious scandal?

Easier said than done. Issa’s full committee would have to approve a contempt citation and then forward it to the full (Republican-dominated) House for approval by a majority vote. After that, it goes to the US attorney for the District of Columbia, “whose duty it shall be” to take it to a grand jury. But the US attorney for DC is another Obama appointee — who reports to Holder. Think there might be more delays?

Colbyjack on February 17, 2012 at 12:06 PM

It’s funny, you guys will trumpet CBO findings when they’ll bad for democrats and dismiss them when they’re good for democrats.
 
Tom_Shipley on December 24, 2009 at 12:55 PM

 
mankai on February 17, 2012 at 11:17 AM

 
Ha. It’s always funny to see that kind of stuff. I enjoy the satisfaction of knowing that my morals don’t shift to justify allowing one of our coaches to get away with raping underage boys as long as we’re winning games “my” politician a pass in an election year.
 
Obama 2012!/

rogerb on February 17, 2012 at 12:09 PM

Colbyjack on February 17, 2012 at 12:06 PM

Which is why I am NONE to certain Obama will lose re-election. To many misinformed or indifferent voters or voters who are just fine with bankrupting our country so long as they keep getting “free” stuff.

Yakko77 on February 17, 2012 at 12:23 PM

The average reported unemployment rate over the entire 8 years of George W. Bush’s Presidency was 5.3%.

The average reported unemployment rate over the first 3 years of Barack Obama’s Presidency has been 9.3%.

Source: U.S. Bureau of Labor Statistics

And, if you remove the “fudge factor” by holding the labor force participation rate constant at it’s long-term average of 65.8%, then the real unemployment rate was even lower under President Bush and even higher under President Obama.

… as of December, the real implied unemployment rate was 11.4% (final chart) – basically where it has been ever since 2009

ITguy on February 17, 2012 at 1:38 PM

CBO: Real Unemployment Is 15 Percent

ITguy on February 17, 2012 at 3:49 PM

It’s a good, solid F- for the stimulus and the President…

Yeah, but he got health care passed so you really should bump his grade up to an F.

SukieTawdry on February 17, 2012 at 4:18 PM

Barry never heard of The first rule of holes: “When you’re in one stop digging.”

pain train on February 17, 2012 at 4:31 PM

The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression last time that a Socialist President ignored the Constitution, massively expanded the Federal Government and lead the country into devastating European-style socialism.

I fixed it for you.

Theophile on February 17, 2012 at 4:31 PM

Here’s a statistic for you: The economic information coming out of the Food Stamp administration is 100% pure Plouffe/Axelrod disinformation.

President 9-Iron’s ministry of disinformation has begun fabricating increasingly positive GDP and unemployment numbers. These are world-class liars we’re dealing with; they will put on a dazzling show. They are cooking the books so much that if you slathered on some barbecue sauce, Michelle would scarf them up like a plate of McRibs.

Agriculture has gotten caught diddling the corn production numbers:
Stats on Corn Called Flaky
Farmers and analysts are expressing fresh skepticism about Agriculture Department data on the corn market in the wake of the latest figures, which stunned traders and sent prices on another wild ride.
http://online.wsj.com/article/SB10001424052970203315804577205271871915652.html#articleTabs

Ventura Capitalist on February 17, 2012 at 5:50 PM

It’s Bush’s fault, and the obstructionists republicans.

newportmike on February 17, 2012 at 7:00 PM