The stimulus was a success in stopping the rising unemployment, but failed to bring unemployment below 8% because it wasn't large enough. Economist said more than a trillion dollars was needed to actually bring down unemployment to pre-recession levels. A package that large would not pass the congress, so the administration settled for the smaller stimulus. It did just as economist expected. It stopped the rise in unemployment. Unemployment peaked at 10.1% in Oct. 2009 and has slowly worked it's way down to 9.2% today. In Feb. 2009 when the stimulus package became law, job loss was running 600,000 jobs a month. Last month the country gained 117,000 jobs.More lies? Funny how the unemployment rate is still going up, even after the lie"The unemployment rat will not go over 8%" from the left. The stimulus was and is a failure, like everything obamaturd does.Obama's 2009 stimulus is still boosting jobs
The $825 billion economic stimulus law signed by President Obama in February 2009 is still having a positive impact on the economy some 30 months later, according to the nonpartisan Congressional Budget Office.
In its latest quarterly report, the agency said the law's combination of aid to states and localities, public works projects, tax cuts and other spending increased the number of people with jobs by 1 million to 2.9 million between April and June of this year.
It said the law lowered the unemployment rate for that quarter by 0.5 to 1.6 percentage points -- meaning the rate could have been above 10% without the law's stimulative provisions. And it said the law boosted economic growth in that quarter by 0.8% to 2.5%.
And to think....EVERY Republican voted against the stimulus
The United States Unemployment Rate
Economist argues for larger stimulus package | International Brotherhood of Boilermakers