del
Diamond Member
- Banned
- #21
"Obama cooked the books."
Just getting it in for the right wingers start saying it.
if he was going to cook the books, he should have cooked them before unemployment exceeded 8%. that way he could credibly claim that the stimulus worked as advertised.
too little cooking, too late.
tant pis.
Was Obama even president when the unemployment rate was 8%?
the unemployment rate for january 2009 was 7.6%, up from 7.2% in december
http://www.nytimes.com/2009/02/07/business/economy/07jobs.html
"Back in early January, when Barack Obama was still President-elect, two of his chief economic advisers leading proponents of a stimulus bill predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn't quite worked out that way. Last month, the jobless rate in the U.S. hit 9.5%, the highest level it has reached since 1983.
The two advisers who wrote the paper, Christina Romer and Jared Bernstein, went on to land key jobs in the Obama Administration. Romer is the head of Obama's Council of Economic Advisers, and Bernstein is the chief economist and economic-policy adviser to Vice President Joe Biden. And the stimulus bill that both economists championed became law in mid-February."
Barack Obama's Stimulus Plan: Failing by Its Own Measure - TIME