Hussein Obama on unemployment: “At least it’s not at 12, 13, or 15%“. Correct, it’s at 9.6% and counting. Remember when Obama’s chief economic advisers claimed unemployment would not go above 8% if we just passed Dear Leader’s stimulus?
The $787 billion stimulus plan is turning out to be far less stimulating than its architects expected.
Back in early January, when Barack Obama was still President-elect, two of his chief economic advisers — leading proponents of a stimulus bill — predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn’t quite worked out that way. Last month, the jobless rate in the U.S. hit 9.5%, the highest level it has reached since 1983.
Electing an economically illiterate Marxist community organizer, with no executive experience, has had dire consequences on our economy.