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« Trivia Tidbit of the Day: Part 617 -- Americans Want Real Conservatives. | WILLisms.com | Trivia Tidbit of the Day: Part 619 -- Stimulus Dollars Distributed Along Political Lines. »
Trivia Tidbit of the Day: Part 618 -- The Failure of Obama's Stimulus.
Jobs Still Being Lost-
This graph has been bouncing around out there, but it is a profound political lesson: lower expectations whenever you can, and never set yourself for this sort of failure:
Not 100% of this spike is Obama's fault, but I think it is becoming crystal clear that his stimulus plan was a massive failure. It did not create wealth, only redistributed it and paid for it with debt. It crowded out free enterprise and made people more dependent on government. Not a good plan for jump-starting the economy.
Previous Trivia Tidbit: Conservatives Not Fading Away.
Posted by Will Franklin · 8 July 2009 09:51 AM
Comments
It takes 12-18 months for the full effect of any change in monetary or fiscal policy to be felt in the economy.
Which is the REALLY scary part!
Posted by: JohnW at July 8, 2009 10:38 AM
Obama is a ZERO! We all lose with Obama as our President. Very sad and very scary.
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Posted by: salhtunebe at July 8, 2009 04:42 PM