Republicans release charts explaining Obama Stimulus
By JR Hoeft | Friday, February 17th, 2012 | PolicyThe Republican Party of Virginia is dutifully reminding anyone who will listen that three years ago Tim Kaine sold us all that the Obama Stimulus was the plan that would put Americans to work and create jobs.
So, three years later, we now have data to see how accurate the former Democratic National Committee chairman was.
First, a peak at unemployment rate:
Second, a chart of the % of Americans in the labor force (those actually seeking jobs), and we see a precipitous decline:
Finally, as a percentage of GDP, how much of our debt is publicly held, and projected to be held through 2084 under the Obama budget:
Kinda makes you look forward to the future, doesn’t it?
Let’s just say, I’m no longer taking Chairman Kaine’s word when it comes to the economy.
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About the author
Conservative to the core; liberal with his opinion! J.R. has been involved in politics for over a decade and has worked on several campaigns in Hampton Roads. He has served on the Executive Committee of the Republican Party of Chesapeake and the Central Committee of the Republican Party of Virginia. He is also the director of “Blogs United” in Virginia. E-mail J.R.. Follow J.R. on Twitter.
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2 Responses to "Republicans release charts explaining Obama Stimulus"
Great post, Jim. What is hidden behind these charts is the absurdity of the Porkulus Bill. Using the White House’s own numbers, the “stimulus” saved or created about 3 million jobs (a number that many economists maintain is inflated by an order of magnitude). If you whip out your pocket calculator and divide $787B by 3 million, you learn that each job cost the taxpayers over $260,000. Put another way, the Federal government could have achieved faster results with the stimulus bill by simply paying 6 million unemployed workers $65,000 a year for two years just to stay home.
So, so who says that government can’t create wealth?
Next: a rebuttal from Mike Barrett, three, two, one…
Mikey is huddling with his political and legal team to figure out another way to take some poor slob’s private property for pennies on the dollar.
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