Blast From The Past: "Unemployment Rate With And Without The Recovery Plan"

[Tsing Tao]

Good Job, Mr. President.

 

[TGregg]

To be fair, they assumed more Americans would give up looking for work and just go on the dole.

 

[Ricter]

To actually be fair, the administration underestimated the severity of the recession and overestimated the projected efficacy of the ARRA.

 

[jem]

or to be real... threatening more taxes, creating obamacare and giving money to your cronies prevents an economic recovery in which good private sector jobs are made and middle class income rises significantly.

Quote from Ricter:

To actually be fair, the administration underestimated the severity of the recession and overestimated the projected efficacy of the ARRA.

 

[Fractals 'R Us]

actual unemployment has been rising since '09. You cannot put marxists in charge and expect the economy to get better.

http://www.shadowstats.com/alternate_data/unemployment-charts

 

[Tsing Tao]

Quote from Ricter:

To actually be fair, the administration underestimated the severity of the recession and overestimated the projected efficacy of the ARRA.

I think they did little "real" research and went with something they knew wouldn't be true, but knew also that no one could prove otherwise, and by the time the truth was seen it would be forgotten and already long passed.

 

[FightTheFuture]

Quote from Fractals 'R Us:

actual unemployment has been rising since '09. You cannot put marxists in charge and expect the economy to get better.

http://www.shadowstats.com/alternate_data/unemployment-charts

"...estimated long-term discouraged workers, who were defined out of official existence in 1994..."

Unemployment is 4 times worse than what ∅bama reveals.

 

[Tsing Tao]

Quote from FightTheFuture:

"...estimated long-term discouraged workers, who were defined out of official existence in 1994..."

Unemployment is 4 times worse than what ∅bama reveals.

Yes, but in Obama's defense, that change wasn't made by him.

 

[Ricter]

Quote from Tsing Tao:

I think they did little "real" research and went with something they knew wouldn't be true, but knew also that no one could prove otherwise, and by the time the truth was seen it would be forgotten and already long passed.

I think there were few experts who saw how big the recession was going to be (though a few did predict it). But there were hundreds who knew the administration's stimulus was too small.

 

[Tsing Tao]

Quote from Ricter:

I think there were few experts who saw how big the recession was going to be (though a few did predict it). But there were hundreds who knew the administration's stimulus was too small.

Ah yes, the Keynesian answer to all stimulus packages failing to help. If it didn't work, it had to be because it was too small.