Freedom4all
Veteran
- Apr 18, 2009
- 767
- 0
On January 10, two of President Obama's economic advisors (Christine Romer and Jared Bernstein) put together a report in which they projected the effects of President Obama's economic recovery plan. The blue line in the chart below shows the unemployment rate that they predicted would result. Unemployment was supposed to peak in the middle of 2009 at about 7.9% and then decline thereafter. But in April 2009, it hit 8.9%.
The actual unemployment line, shown in red, demonstrates that, despite Obama's recovery plan, unemployment has continued to rise steadily. His plan is failing to meet its projections, even though it has already cost our government hundreds of billions of dollars in debt that taxpayers will eventually have to pay back with interest.
The actual unemployment line, shown in red, demonstrates that, despite Obama's recovery plan, unemployment has continued to rise steadily. His plan is failing to meet its projections, even though it has already cost our government hundreds of billions of dollars in debt that taxpayers will eventually have to pay back with interest.
