Friday, November 6, 2009

The Stimulus Sham, Revealed

The red line is the new official unemployment rate of 10.2%. The line below it is Obama's projection of unemployment without the stimulus. The line below that is Obama's projection of unemployment with the stimulus.

Just like Obama's 640,000 jobs "saved or created," you can ssume the Bureau of Labor Statistics 10.2% unemployment numbers are bogus, too. Just imagine what the chart would look like if the BLS counted workers who have given up looking for jobs or are underemployed.

The number would be closer to 17%. Not that far off the 25% real unemployment rate at the peak of the Great Depression.

I don't mind if Obama fails, but why does he have to drag the rest of us down with him?

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