The Obama Stimulus: Predictions vs. Reality

When pushing the stimulus package, President Obama claimed that the stimulus would save 3 million jobs. How have his predictions turned out so far? This video compares those predictions with how the jobs numbers have actually turned out.

Sources:

Predicted data used by President Obama to argue for the effectiveness of the stimulus: http://otrans.3cdn.net/45593e8ecbd339...

Actual data as collected by the Bureau of Labor Statistics: http://www.bls.gov/news.release/empsi...

• Category

  News & Politics

[avionicswirenut]

Think about it, he has continued with most of the Bush BS....Wars and tumbling economy, not to mention the debt increasing....

[TheLmfaostudios]

This guy has ALOT of pennies.

[Kelso Anderson]

"The economy doesn't turn on a dime." How about 8.4 trillion stimulus dimes?

[shiney94]

Hmm fair enough.. I myself am somewhere between capitalism and communism. Capitalism in the sense that everyone should get what they deserve, and communism in the sense that you have to look after the rest of humanity with what you have earned. For example, a doctor obtains 1 million dollars a year, and spends 200000 thousand on helping the unemployed obtain jobs.

[stoicsquirrel]

Now it's over 16 trillion.

[stoicsquirrel]

Fear. Plain and simple. The economy wasn't great, but it wasn't that bad until 2007. in 2007 the candidates came out of the woodwork spreading doom and gloom. The more they opened their mouths the worse it got. People get scared and spend less. Businesses get less people buying and have to cut employees hours so they, in turn, spend even less. Businesses loose more revenue and have to start letting people go. I love capitalism but a small amount of fear in the system can do a lot of damage.

[Runswithscissors111]

To be fair, we can not know how bad it would have been without stimulus. It could have been worse, so it's not like the stimulus itself lead to more jobs being lost. This video does show the error in both predictions, but did not talk about how the stimulus created more unemployment or anything.

[Runswithscissors111]

$/gallon/litre gas has nothing to do with presidents. Peak oil has already occurred so $20 a barrel of oil will never return. Also, while I hate when leftists blame Bush for everything, he did not have to go through the aftermath of a gigantic economic crisis like in 2008-9. Credit rating was also a result of the debt ceiling fiasco and so Congress is more to blame than either Bush or Obama.

[EatPezzzz]

Bush's legacy of 5.5% unemployment, AAA credit rating, $1.79/gallon gas, and a fraction of our current spending/debt?

[criminaldrugevasion]

FOX = 666

[dniederkorn1]

Its funny how you ignore the business end of this.

[301steady]

NICE