Rshermr
VIP Member
And another con tool post con dogma. What a surprise. I can either believe Rabbi, or the CBO. What should I do??As for you claim that I lied about unemployment levels? How so?
I simply stated that it was hard to portray the Obama Stimulus as a success if the unemployment rate went up substantially after it was passed and stayed up for YEARS afterwards.
So how is THAT a lie? The stimulus was passed in Feb. of 2009 and shortly after that unemployment went over 8%. It kept climbing for the the next year finally topping out in early 2010 at over 10%. It stayed above 8% for (I believe) the next forty something months before dipping below 8% (although those numbers were subsequently adjusted higher bring it right back to 8%). So where was it that I played fast and loose with the truth? I'm simply stating what happened. Somehow you've turned THAT into a "lie".
His "point" is that the stimulus didnt kick in for years later because the money hadn't been spent in that time. That's wrong for several reasons. First, businesses would staff up in anticipation of the contract, before the money was actually spent. Second, the only reason UE has declined is because workforce participation has also declined. If we had the same workforce as we did in 2009 the UE rate would be over 10%.
The stimulus was a failure. Virtually no economist not employed by the WHite House says otherwise.