Friday, May 03, 2013

At least they're consistent

To recap, four years ago the Obama administration said that if we spent nearly a trillion dollars in "stimulus" the unemployment rate would be at 5% by now.  Then last month, Obama said that the sequester would be a "huge blow" to the economy.

Maybe if Obama starts to do the opposite he can both fix the economy and get a job as assistant to the traveling secretary of the New York Yankees.


Anonymous said...

In January 2009, White House economist Christina Romer wrote that only a stimulus of $1.8 trillion or larger was likely to drive unemployment down to 5%. The eventual amount was cut to 43% of that number, yet the 5% remains rhetorical bedrock.

Aren't conservatives supposed to scoff at "proving a negative"?

Eric said...

Christina Romer made that graph.