We were told before the massive waste that has become known as the stimulus package was passed, that if the stimulus was not passed - unemployment could reach 8.0%, over 100 days since the stimulus passed - the latest unemployment numbers are at 9.4%, an 0.5% increase from the month of April, meaning unemployment is actually gaining.
Now the unemployment rate is still a far cry from the near 11% of the Carter recession, however it is increasing every month, while the stimulus does nothing to help the economy - because most of the spending did not even spend money on jobs, and the math the White House is using - is very fuzzy, because one can never calculate a "saved job"
In conclusion :
Stimulus is proved yet again as a sham.
Unemployment is still below Carter levels, but is climbing - meaning the claims it is the worst economic downturn since the great depression is debunked.
However, the economy is getting worse, inflation is expected, higher unemployment will be coming, and when Obama's taxes on wage earners - and possible taxing employee provided health care insurance, I expect more workers to be layed-off, earners to earn less, and Americans saving more money then spending money.
We are not out of this, no matter what Obama or the puppet media says, and his joke of a stimulus proves it.
Note : The difference between the liberal Obama plan & the Conservative plan is this :
Obama - quick relief, is a lie.
Conservatives - we do not promise a quick relief, but we promise a long term growth.
With Obama's plan - we will get neither.
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