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The Obama stimulus: predictions vs. reality
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When pushing for passage of his nearly $800 billion so-called stimulus package, President Obama proposed five different goals over eight weeks for his boondoggle and finally settled on a claim that his bailout would create three to four million jobs.
Team Obama also used scare tactics in getting the Democrat-controlled Congress to give him the massive spending bill dressed up as a stimulus. They told us that without Obama's bailout the unemployment rate would reach 9%, but if Congress passed his boondoggle, unemployment would peak at 8%.
How have those predictions turned out so far? This following video compares those predictions with how the jobs numbers have actually turned out:
The unemployment rate scare tactic was contained in Obama's "The Job Impact of the American Recovery and Reinvestment Plan." At Innocent Bystanders, Geoff, has plotted the actual unemployment rates on Obama's prediction chart.
Geoff's annotated chart, like the video confirms the failure of Obama's stimulus.
