Unemployment was 9.9% in April and few expect that number to decline in any significant way this year. We were told unemployment would not go higher than 7.8% if the $787 pork-laden bill was passed. A report (pdf) by Obama's Council of Economic Advisers, Office of the Vice President-Elect said 90% of the jobs created would likely be in the private sector. We now know that is not true either. Only a third of voters think the Stimulus has helped the economy. These numbers hardly point to an "Absolute Success."
The Hill reported:
The Obama administration’s signature stimulus program has been an “absolute success” so far, Vice President Joe Biden said Wednesday.
Biden, who heads up the administration’s effort to implement the $787 billion American Recovery and Reinvestment Act (ARRA), said the legislation will have saved or created between 3 and 3.5 million jobs before the end of 2010.
“An absolute success,” Biden termed the stimulus during an interview on “Charlie Rose” to air Wednesday evening. “We will create over 3.5 million or save over 3.5 million jobs before this is over.”
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