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Can Jobs Created or Saved Be a Negative Number?
  • stimulus-graphRemember this graph? The folks at Innocent Bystanders have updated it to reflect the newly released May unemployment numbers (click for full size). Not only did the curve not bend down last month, it actually got steeper than in April. Good thing we spent that $700 billion on…wait, where did that go again?
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    • Administration Revises Deficit Numbers Up $90 Billion
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    • Graph of the Day: More Rosy Scenarios Failing

    John on May 11, 2009 at 11:03 pm

    Saw this at Ace’s then saw it at Power Line. It’s too good to just link. From Innocent Bystanders:

    stimulus-vs-unemployment-april

    Click for full size. The blue chart comes from page 4 of this government report. Its meant to show how the unemployment rate will be much lower with the President’s stimulus plan in effect (the dark blue line) than it would have otherwise.

    The folks at Innocent Bystanders added the red triangles which represent a little thing I like to call reality. Those are the actual unemployment numbers for the last two months. As you can see, it appears we’re now charting a course even worse (steeper) than the President’s worst predictions. But of course we did spend the stimulus money. So it’s really the worst of both worlds.

    What exactly has the administration accomplished, beside digging a huge financial hole for the US?

    Category: Energy & Economy |

    1 Comment

    1. Economic Houdinery « The Pugnacious Irishman

      [...] Accountability? What accountability? Greg Mankiw, professor of Economics at Harvard, discusses how the Obama administration’s attempt at accountability is anything but. The administration’s quarterly reports give the “illusion of accountability without the reality.” [...]

      May 26, 2009 @ 9:05 pm

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