Thursday, May 14, 2009

Unemployment numbers are worse than Obama doomsday scenario if stimulus had not passed

Unemployment numbers are now worse than the doomsday scenario Obama predicted if the stimulus was not passed. The unemployment rate climbed from 8.5 percent to 8.9 percent in April. President Obama promised to create or save 3.5 million jobs with his bloated stimulus spending plan. Republicans warned the stimulus spending would not take place quickly enough to make a difference.

The blue lines are Obama’s projected unemployment numbers with and without his $775 billion stimulus. The red triangles are actual employment numbers.

Hat tip to Les Jones

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