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The Stimulus And Jobs; A Visual Tutorial

Joe Biden was on Meet the Press where he said this about the failing stimulus:

Biden tells “Meet the Press” that “everyone guessed wrong” on the impact of the stimulus, economy was worse off than anyone thought.

Isn’t it nice to know the supposed leaders are guessing about how things will be? I know that much of what happens is based upon predictions and supporters are quick to point that out (since a prediction is an educated guess). They seem to have problems with reconciling the issue of what Obama said would happen with the Stimulus and what would happen without. While I realize jobs lag in any recovery, it was not I who said I would create or “save” so many jobs by certain points in time by spending nearly a trillion dollars.

Seems to me if you are going to spend that much money you really ought to have better people making the predictions. Obama predicted we would be at a certain place at a certain time and we are not there. Biden ducked that issue; “[Biden] Backs away from the estimate that the funds could create or save 3.5 million jobs, instead promises 600,000 by the end of the summer.”

Here is a video that shows this with training aids, for those who learn better that way:

Please feel free to comment (a penny for your thoughts…)

Source:
Time
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