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Posts Tagged ‘stimulus’

Obama, January 2009: “Now most of the money we are investing as part of the plan will get out the door immediately, and will go directly to job creation, generating or saving three to four million jobs. Immediately.”

Obama, April 2009: “Because we know people are hurting right now, we need to create jobs and get money into peoples pockets right now, so we passed the American Recovery and Reinvestment Act. This government effort is coming in ahead of schedule, and under budget.”

Obama, July 2009: “The recovery act was designed to make sure local school districts didn’t lay off teachers, and fire fighters, and police officers and it’s done its job.”

“The stimulus package is working exactly as we had anticipated”

“As I made clear at the time it was passed, the recovery act was not designed to work in four months. ”

stimulus-vs-unemployment-may

It is now October 2009, and the unemployment rate and is 9.8% and rising. We can only hope Obama did not just prolong a present day Great Depression.

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