Green Room

The Anti-Stimulus In Pictures: Any Questions?

posted at 7:39 pm on July 19, 2009 by

That the Democrats’ “Stimulus Package” would fail — utterly and completely — was easy to predict. Consider the following unemployment charts, courtesy of the Bureau of Labor Statistics and Encarta, which were modified to include major alterations in government tax or spending policy.





In February of 1964, President Lyndon Baines Johnson — a Democrat — signed the “JFK Tax Cuts” into law. Upon executing the cuts, Johnson stated:

There is no asset more precious to freedom. There is no guarantee more vital to liberty and a robust American economy. No one can bury us or bluff us or beat us so long as our economy remains strong. No economic system anywhere has ever had the success of the American economy by placing maximum reliance on the initiative and the creative energies of individual businessman and workers we have created here in our land, the most prosperous nation in the history of the world.

Kennedy and Johnson sounded more like modern conservative pundits than today’s Marxist-in-Chief.

They would be pariahs in the modern Democrat Party.

Cross-posted at: Doug Ross @ Journal. Sources: Dates of Reagan Tax Cuts, 1901-1932: The Income Tax Arrives and Remember the Bush Tax Cuts This Labor Day.

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I don’t see a definitive cause and effect from the tax cuts over these different time periods. In some instances, it appears like the unemployment trend (up OR down) continued after the cut was enacted. Other observations?

Red State State of Mind on July 19, 2009 at 9:46 PM

Red State State of Mind on July 19, 2009 at 9:46 PM

Turn your monitor right side up. That may help.

katy on July 19, 2009 at 11:36 PM

Look at that Bush chart. Unemployment skyrocketed in February 2004. /sarc

Looking at that chart, it seems so childish to use the word ‘skyrocket’. But just climb in that ol’ time machine and observe the critics at work (http://www.eriposte.com/economy/indicators/bushjobloss.htm)

Peri Winkle on July 20, 2009 at 11:42 AM

Another observation? Okay

Dec 2006, just before the dems took full control of both houses of congress.


Nine other States—Virginia, Montana, Wyoming, Nebraska, South Dakota, North Dakota, Idaho, Florida, and Delaware—had unemployment rates below 3.5 percent.
Two States recorded the lowest jobless rates in their series—Hawaii, 2.0 percent, and New Mexico, 3.8 percent. (These State unemployment data series begin in 1976.)
The national unemployment rate was 4.5 percent in December

.”

Or as Obama calls it “the bad failed days of the past”.

Thankfully the ADULTS are in charge so we won’t have to see a disater like Hawaii’s 2.0 percent unemployment again!

Source the Bureau of Labor Statistics

http://www.bls.gov/opub/ted/2007/jan/wk4/art03.htm

Jul 2, 2009 … Since the start of the recession in December 2007, (the start date of the recession) the number of unemployed persons has increas- ed by 7.2 million, and the unemployment to 9.5%…

We have lost an avg of 615,000 per month during the first 5 months
of this year.

In summery Since Dems took control of Congress and the presidency America has lost 7.2 million jobs, 3,690,000 (3.69 million) since Obama took office.

Source the Bureau of Labor Statistics

http://www.bls.gov/news.release/empsit.nr0.htm

According to Obama, national unemployment rate was 4.5 percent bad bad bad failed old policies of an archaic past.

9.5%…koooooolllll My plan is working!!!

How’s that for an observation?

DSchoen on July 20, 2009 at 7:15 PM

DSchoen, my fox hole buddy. Right on, right on. Facts, figures and the links as well. All of the mumbo jumbo boiled down to an easy to understand, fact full broadside against The One. Leftists, put that in your pipe and smoke it.

Gebirgsjager on July 21, 2009 at 12:24 PM