Tarry for the Nonce

July 12, 2009

Didja Know It’s Working?

Filed under: Uncategorized — lmwalker @ 8:59 am

If you were wondering about the state of thestimulus package:

President Barack Obama said his $787 billion stimulus bill “has worked as intended” . . .

Obama spoke after stocks fell for a fourth week on concern that an economic recovery will be delayed. A government report last week showed that employers cut 467,000 jobs in June and the unemployment rate rose to 9.5 percent, the highest since 1983.

His evidence is that not as many people are unemployed as would have been. (Thus citing evidence of a condition which – as dozens of columnists and politicians have pointed out – is impossible to prove.) He gave full realization a two-year time frame.

It seems he is relying most heavily on a friendly media to spin it properly. We’ll see.

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