Saturday, June 6, 2009

Dude, Where's My Stimulus?

I know, I know. Unemployment is a lagging indicator, and not the best measure of whether recent stimulus has kicked in. Nevertheless, it is insightful to compare the current numbers against what was promised by Obama and his economic team while pushing the $787 billion Porkulus bill back in January & February. It is becoming much harder for Obama to claim his government spending is doing much good, and all the negative consequences of out of control (and inherently inefficient) government spending -- massive borrowing (higher interest rates) and printing of money (inflation) and raising taxes (obvious negative impact to those who are taxed more) -- will start to be felt more and more all the time.

Hat tips: Innocent Bystanders & HotAir

Also, see my previous post on the Obama administration's claims

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