Follow Me On Twitter!

Thursday, August 19, 2010

Jobless Claims Move The Wrong Way. Again.

Click here for story: Weekly Jobless Claims Post Surprise Jump, Hit 500,000

So my question to liberals is: How's that stimulus working?

As I posted yesterday, liberals are fond of trying to say that the stimulus kept things from being worse. But by the 0bama administration's own criteria, it was an utter failure.

Also, a new talking point I've noticed from the left: "After 8 years of George W. Bush, it will take more than 19 months to correct."

The problem with that theory is two-fold. First, Bush's biggest mistake was overspending. Obama has ramped that overspending up by 10 times! Second, Bush allowed the fed to overprint money. That overprinting has increased in volume under 0bama and Bernanke.

So the left can try to point the finger and Bush 43, but the truth is that 0bama's policies have worsened Bush's mistakes, not started to reverse them.

No comments: