It has just been announced that the unemployment rate has hit 10.2 percent.
Can anyone here tell me how many jobs “saved or created” that comes to?
Can anyone here tell me why the White House still thinks the stimulus was a success?
Anyone? Anyone?
UPDATE, by Mark Noonan: Is unemployment now a leading, rather than lagging, indicator? Perhaps it is, in the new, global economy.
UPDATE II, by Mark Noonan: Remember this, liberals?
On the eve of Friday’s jobs report that could see the unemployment rate reach 10%, these are words that the president’s speechwriters probably wish they could rephrase.
“Economists from across the political spectrum agree that if we don’t act swiftly and boldly, we could see a much deeper economic downturn that could lead to double-digit unemployment and the American Dream slipping further and further out of reach.”
President-elect Barack Obama, Weekly Address, Jan. 3, 2009.
Well, we did exactly what you and your dimwitted, liberal leaders wanted – and it failed. Admit it. Now, lets cut some taxes and spending and MoveOn.
And, of course, if unemployment remains in the double-digit range for the next 12 months (and it is expected to), then this will come in right handy next November.
UPDATE: Obama on the stimulus, back in February:
[…] the biggest measure of success is whether we stop contracting and shedding jobs, and we start growing again.
So, we can all agree that the stimulus was a total failure.
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