Wednesday, February 22, 2012

President's Stimulus Turns Three: Long-Term Unemployment Up 83%; National Debt up 42%

At IBD, "Obama Stimulus Turns Three: What Has It Achieved?":
Without any fanfare whatsoever from the White House, February 17 marks the three-year anniversary of the day President Obama signed the much ballyhooed stimulus into law.

At the time, Obama claimed that it would "create or save" up to 3.5 million jobs, and that "a new wave of innovation, activity and construction will be unleashed across America." The stimulus, would, he promised "ignite spending by businesses and consumers" and bring "real and lasting change for generations to come."

So three years later, how do the stimulus results stack up? Here's where various indicators stood in or around February 2009, and where they stand today... 
Keep reading.

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