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/45593e8ecbd339d074_l3m6bt1te.pdf

Actual data as collected by the Bureau of Labor Statistics: http://www.bls.gov/news.release/empsit.nr0.htm

Category:

News & Politics

Tags:

• Obama
• President Obama
• math
• mathematics
• statistics
• predictions
• stimulus
• jobs

[turntapzap]

Nobama 2012

[avionicswirenut]

@chesmaster2ky Think about it, he has continued with most of the Bush BS....Wars and tumbling economy, not to mention the debt increasing....

[SKATEyD3STROY]

It would've been awesome if he just drop kicked the whole table.

[mredstriumph]

@7475flyersfan

Copper yo.

Won't stick. Shop-vac that shit.

[7475flyersfan]

hope you had a big magnet to clean that up

[willymcguire]

@Andydag904 Unemployment (or joblessness), as defined by the International Labour Organization, occurs when people are without jobs and they have actively sought work within the past four weeks. While it is true that this figure is likely meant to avoid including retirees into the unemployment figure, in this day and age of free money, free food, and free health care, it is unlikely that many people are rushing out their door to find new jobs.

[spartan0000000117]

Now I know why his YouTube name is 10000 Pennies LOL

[lives2live]

@Andydag904 .....I just explained why. The government only counts people who are actively looking for work as unemployed. People in huge numbers have given up the search for work and are no longer counted as unemployed by the government. They simply are not counted as anything. Unemployment has not gone down according to the actual data. The problem is that the government uses a very poor method of determining unemployment. Again, this has been widely reported on, you could simply look it up.

[Andydag904]

@lives2live if unemployment is going down, how are we losing more jobs then we are gaining?

[lives2live]

@Andydag904 I can't tell if you are being serious or joking? You must not be aware of the fact that although unemployment is dropping we are still loosing more jobs than we are gaining, The unemployment is dropping because hundreds of thousand of people are giving up looking for jobs and the government only counts people who are looking for work. This has been reported by every news agency (I heard it even reported on NPR). The government numbers are a distortion of the facts.

[Nexus2Eden]

And yet no one is held accountable and bankers and politicians made millions.

hmmm....makes ya think, don't it.