Unemployment at 8.5%: Or How Obama’s Stimulus Failed
Since the Left is cheering 8.5% unemployment today, I thought we’d revisit reality for a bit.
There’s something else this chart is telling us that we should definitely point out. The light blue line was the projection of the unemployment rate without the stimulus. This says that if Congress had not passed the stimulus, unemployment would have gone down eventually anyway. As you can see, the actual numbers are still higher.
If we were to use the logic the Left is using to hail the success of Obama’s policies, using this chart, we could easily say that Obama’s policies have made things worse.