Effects of passing the stimulus were not immediate. The tax cuts, which were about 1/3 of the bill and the job fund allocation took some months to implement and several more months for the economy to respond. If you look at seasonally adjusted US non-farm labor from the BLS, it shows beginning in the end of 2009 a slow down in job loss followed by a gradual increase in employment resulting in about a 1.6 million job growth.The bill performed as promised, to stop the job lost. Nowhere did the president promise 8% unemployment. The council of economic advisers estimated it would go below 8% and qualified their estimate pointing out the margin of error and the many assumptions the estimate was based. The stimulus reduced the monthly job loss from 600,000 a month to 114,000 a month job gain. It performed exactly as Obama said and yes it was a success. The only flaw in the stimulus was it was not large enough.
How do you figure? Since the Obama stimulus was passed the US has lost two and a half million jobs. The stimulus was an abject failure. Germany refused to do a huge stimulus like we did, calling it fiscally unsound. So we spent a trillion on stimulus and they didn't. So guess who's economy recovered quicker...theirs or ours? Sorry, Flopper but this Administrations Keynesian "experiment" was a flop.
Browse US Employment Data
Just a second. We have a call coming in from reality: About $770,000,000,000 produces 1,600,000 jobs? That's about $481,250 per job.
Must be public sector union jobs.
Did they have health care?