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Saturday, November 7, 2009

Note to Washington: Stop Helping

Remember how the stimulus was supposed to keep unemployment under 8%?

Thanks to Innocent Bystanders, which updates this chart every month.

A Side Note on the Administration’s Defense of the Stimulus. The President and his economic team have claimed that the plan is working as intended, that they’re on track to save the original goal of 3.6 million jobs, but somehow, despite practically drowning in success, we’re going to have to live with high unemployment for years to come. Oh, and that everything is still Bush’s fault.

These claims have been debunked by a variety of sources, including the AP (and here), the Chicago Tribune, the Denver Post, USA Today, the Wall Street Journal, and blogs such as Political Math.

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