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April 05, 2010

Obama Admin: Stimulus Has Done Exactly What We Expected it To

No shit?

The federal stimulus act has performed "exactly" as the Obama administration expected it to, Council of Economic Advisers Chairwoman Christina Romer said Sunday.

Republicans renewed their criticism of the stimulus in the aftermath of the March jobs report that showed the unemployment rate stuck at 9.7 percent. But the White House and Democrats and Congress have touted the 162,000 jobs created last month as a sign that their policies are working to spark a recovery.

"I think it has done exactly what we would say it would do," she said on NBC's "Meet the Press."

I seem to remember that Obama's promises about the stimulis were somewhat more optimistic:

Geoff's unemployment chart superimposed on Obama's stimulus expectation.

So Christina Romer lies. As if that's unusual for this administration. And more employment problems may be right around the corner.


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posted by Gabriel Malor at 09:34 AM

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