Mar Landrieu couldn't quite accomplish step one in her 12-step program: Stimulus Watch: Sen. Landrieu Says Stimulus Has Not Worked As Well As Hoped
What could have possibly happened? From a recent prior post: Video: Obama jokes about horrible economy that he created. Obama promised that 3.5 million NEW jobs would be created. Instead 3 million have been lost. To Obama, his dreadful mismanagement of the economy is now a joke:
"Shovel-ready was not as ... uh .. shovel-ready as we expected." -ObamaAnd that's not including the incurred interest over 10 years that will push the total to around $1.2 trillion. And we have what to show for it? There are 3 million fewer jobs today than there were when Obama came into office. But look at how Obama is blaming the expiring stimulus dollars as responsible for the horrible jobs numbers recently. That's not what his regime has been claiming.
Note that the deep blue curve predicts unemployment to continue to decrease even after the stimulus spending decreases. So yeah - it was a failure of dismal proportions. After blowing through $1.2 trillion we have fewer jobs, a higher unemployment rate and a huge debt to boot.