Porkupus Not Working

When it was all being debated the Porkupus, er stimulus bill was suppose to create between 3.5 and 4 million jobs.   Well here we are and instead of millions of new jobs unemployment is at 9.4%, the highest rate since 1983.  Now some will argue where would it be if they hadn’t put all of that money into the economy.  No one can with certainty answer that question, nor will I try to do so.  We just don’t know. 

The argument was made though that we needed to do something and do it now, fast, to turn around the economy quickly.  We were told that the porkupus would quickly make an impact.  Regardless of where we would be if they hadn’t spent the money, they were wrong when they made that argument.   The prediction was that without the porkupus we would be at 9% unemployment by 1st quarter of 2010, but with the bill and all of the money thrown in to the economy we would be at 7.6% unemployment and quickly trending downward.  The prediction showed unemployment as leveling out and beginning to trend downward by this time.  Instead we are at 9.4% (higher than any predicted point with the porkupus bill) and still trending upward.  They were wrong.

http://innocentbystanders.net

Now they have revised their predictions to say the efforts will create or “save” 600K jobs over the next quarter.  Hmm, 3.5 million vs 600,000, there’s a slight miss of 83%.  And now the prediction includes the term “save” jobs.  How will they measure what that 600,000 jobs were saved?  Thats the point, they won’t.  They’ll just say the saved them and state that they would have been lost if the bill and the spending had not taken place.

The worst part is millions of Americans believe them.  They believed them during the campaign.  they believed them during the debate and implementation of the porkupus bill and they believe them now.  Seriously, have we lost our ability to think?