Friday, May 15, 2009

A little Thing Called Reality - The Federal Goverment Is Incompetent


The blue chart comes from page 4 of this government report. Its meant to show how the unemployment rate will be much lower with the President’s stimulus plan in effect (the dark blue line) than it would have otherwise.

The folks at Innocent Bystanders added the red triangles which represent a little thing I like to call reality. Those are the actual unemployment numbers for the last two months. As you can see, it appears we’re now charting a course even worse (steeper) than the President’s worst predictions. But of course we did spend the stimulus money. So it’s really the worst of both worlds.

What exactly has the administration accomplished, beside digging a huge financial hole for the US?

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