Obama sold the American people a trillion dollar stimulus package using scenarios B and C. Scenario B was no stimulus and 8% unemployment in 2011. Scenario C was stimulus and 7% unemployment in 2011.
Obama forgot to mention scenario A, which is an extra trillion dollars debt and 9% unemployment in 2011. He makes Jimmy Carter look like an economic genius.
See also:
http://thf_media.s3.amazonaws.com/infographics/2011/06/wm-unemployment-MAY-2011-chart-1_739.jpg
“He makes Jimmy Carter look like an economic genius.”———— Well, he does get bonus points to doing what was once considered impossible.
GOOD ONE.
Got a belly laugh from it!
See this as well:
http://www.bls.gov/news.release/empsit.t15.htm
U3 is what is reported in the media. U6 is the broader measure and is at 15.8%.
Enter Michele Bachmann!
Charles Krauthammer on President Obama’s arrogance.
Stay tuned starting at 1:40 for Reverend Obama preaching:
http://www.youtube.com/watch?v=3o0ll4Pon_U&feature=related
OT
Charles Krauthammer has a similar view of Sarah Palin to what I have–though his is much more eloquently communicated than mine:
http://www.youtube.com/watch?v=cURauGW75N8&feature=related
You know what is freaking amazing? Even Hansen and Mann couldn’t design a scarier graph than what was actually created by the Three Stooges: President Dumbo, Pelosi and Reid …
And please note: those graphs only got to FY 2009 (made in 2010).
I love this graph. It has a definite and effective use: just show it to anyone who argues for Keynesianism. What a !@#$ing waste.
The graph looks a bit like the MWP. Perhaps Obummer should call in Michael Mann to suppress it.