Obama Stimulus Keeps Unemployment Under 10% in 34 States
I’m sure that’s how the MSM and the White House will spin it anyway. But the reality is, 16 states now have double digit unemployment. You know, all those “saved or created” jobs just haven’t materialized like the President promised they would. Michigan is hardest hit with the highest unemployment rate any state has seen in 25 years at 15%.
Boy, that auto bailout really saved Detroit didn’t it? Just to remind everyone, Obama and Co. predicted the unemployment rate would never top 9% and it wouldn’t reach that point until the first quarter of 2010. Of course, Biden now claims they had no clue what they were doing when they made their predictions, because last month the rate reached 9.5%. That’s right, post-“stimulus” unemployment is higher than it would have been without the stimulus!
Now the administration wants you to believe they weren’t pessimistic enough about the state of the economy when Bush left office. But what I see in this graph is evidence that the “stimulus” didn’t stimulate, and in fact made things worse. That’s right, Obama’s stimulus plan made unemployment worse than it would have been had the Democrats not wasted the trillions of dollars.
The economy has lost over 2 million jobs since Obama’s “stimulus” was signed into law. Last I remember he was promising it would “save or create” 4 million jobs. Recall he rammed the bill through Congress, claiming any delay would leave the economy in ruins. Most Senators and Congressmen never even read the bill. And what we got was a bill that wasted hundreds of billions of dollars that actually had a negative impact on the economy!
Sixteen states with unemployment over 10%, double-digits. This is the change Obama brought!
John Allison III
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