We should be at 7.5% unemployment

Discussion in 'Economy' started by asterism, Nov 24, 2010.

  1. asterism
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    asterism Congress != Progress

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    Remember this?

    [​IMG]

    We should be at 7.5% unemployment right now. Remember before all this "in the ditch" nonsense was created, the above chart says what the Obama Economic team said would happen. They assured us they were the best experts on the planet, and they assured us that the Stimulus plan would work.

    Remember this, it didn't. Unemployment is at 9.6% and despite all the predictions, rhetoric, and excuses, it's still flat at a rate higher than what they said it would be if we agreed to their plan.

    Another key thing they got wrong is the time they expected things to get better with or without the Stimulus. Early in the 4th quarter of 2010 the unemployment rate was predicted to go down with or without the Stimulus and yet it's still flat. Obviously we'll never know if it would have gone down without the Stimulus, but it's clear that they were wrong on the results and wrong on the timeline. Remember this whenever Obama and his economic team decide to change things because "we can't stay on the current course." Keep the current course and get out of the way, it's obvious he can't make things better and I propose we consider that they actually made things worse.
     
  2. LordBrownTrout
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    LordBrownTrout Gold Member

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    The without recovery plan is looking pretty good right now at 9 percent. Too bad we went with the recovery plan.
     
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    Last edited: Nov 24, 2010
  3. Jarhead
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    Jarhead Gold Member

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    True...

    But we cant blame Obama. According to him, his team of 100 top economists who knew for sure that the stimulus was a must, misread the severity of the economy.
    Sure...all 100 of them misread it.
    Yeah.
    Right.
     
  4. Jarhead
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    Jarhead Gold Member

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    and we would be one trillion less in debt.
     
  5. uscitizen
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    uscitizen Senior Member

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    LOL,
    I recall farther back than that where the experts said everything would be back to normal in 6 months, just a little adjustment.
     
  6. Jarhead
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    Jarhead Gold Member

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    Once the campaign started, there was no way we were going to recover quickly.

    All the consumer heard was "gloom and doom on the horizon"...and "the GOP took us to the brink of a recession"

    They say elections have consequences...

    I say campaigns have consequences.
     
  7. pete
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    pete The food stamp president

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    That 9.6 is distributing the non-wealth ...
     
  8. asterism
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    asterism Congress != Progress

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    True to all that, but policy has consequences too.

    The Stimulus not only got us more in debt, it actually made things much worse.
     
  9. uscitizen
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    uscitizen Senior Member

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    All actions have consequences. Past , present and future actions.
    It is called personal responsibility.
     
  10. Jarhead
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    Jarhead Gold Member

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    NO question about it.
    All it did was strengthen the base for the democrtic party.
    Only a partisan fool did not see it.
     

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