Three years ago today, President Obama signed the stimulus bill designed to kickstart the economy. It failed. Unemployment is still above 8 percent, and it is predicted to stay there until 2014. Under the administration’s own predictions we are worse off than if the stimulus was never passed.
Long term unemployment is over 40 percent – the highest since 1948. Further, the number of Americans in poverty is up as well. And while we may be seeing some anemic recovery now, remember that the stimulus ended a year ago, the economy only started to rebound after the GOP won the House and fought the President’s tax and spend policies tooth and nail.
What’s more, the Democrats refuse to even pass a budget.
Three years later, the stimulus has failed and so has Obama. Only 262 days until Election Day 2012. “One term proposition,” indeed.
As first seen on The Right Sphere.