The Obama Administration's Stimulus Prediction Revisited

Posted by Brian Patrick on

FYI -

Updated.Stimulus.Chart.10.12.11.jpg

 

This chart is an updated version of the one the Obama administration released back in 2009 to help sell the stimulus bill. The original chart came from a report by economists Christina Romer and Jared Bernstein on the impact of the stimulus, showing projected unemployment with and without the proposed spending bill. As you can see, the prediction was that if the stimulus plan was passed, the unemployment rate would top off in mid-2009 at 8 percent and drop to 7 percent by the third quarter of 2010. Obviously, that didn’t happen. (National Review, 10/12/11)





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