The $787 billion stimulus plan is turning out to be far less stimulating than its architects expected.
Back in early January, when Barack Obama was still President-elect, two of his chief economic advisers — leading proponents of a stimulus bill — predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn't quite worked out that way. Last month, the jobless rate in the U.S. hit 9.5%, the highest level it has reached since 1983.
BLASPHEMY! How dare you speak ill of the
I just wish the guy could learn how to tell the truth. I just wish he and his cadre of
We are paying the price for people's wrongheaded notions in a report. But wait, where does that road paved with good intentions lead? Rut-roh.