Welcome to the ‘Hope’ Economy
by David Harsanyi on Townhall.com
After being asked when the public should begin judging the success of the nearly $800 billion stimulus plan, White House press secretary Robert Gibbs answered, “I think we should begin to judge it now.”
Let’s take his advice.
The administration warned that if we failed to support a stimulus package, unemployment would hit a dire 9 percent by 2010. With the stimulus, unemployment, it claimed, would stay in the 8 percent range.
This week, the Labor Department announced that the jobless rate jumped to 9.5 percent, higher than it’s been anytime since August 1983.
It’s not as if the administration was close. As The New York Times notes: “The difference between the situation that the Obama advisers predicted and the one that has come to pass is about 2.5 million jobs. It’s as if every worker in the city of Los Angeles received an unexpected layoff notice.”
Don’t get too dejected, though. We still have an economic plan with a heaping dose of hope. Surely, you’ll feel better when the president begins doling out his two-pronged faith-based explanation — and if we’re lucky, he’ll do it at a “town hall” meeting with approximately 100 of his closest friends.