[P]ressure is growing to do more to reverse job losses. In January, during the Obama transition, Council of Economic Advisers Chairman-designee Christina Romer and Obama economic adviser Jared Bernstein predicted in a report that with an $800 billion stimulus, the unemployment rate would be just about 7% by this time. Without the stimulus, the rate would be at 9%.Read the whole thing. And you can read more on the economic meltdown at NTCNews.
Instead, the jobless rate is now at 9.5%, despite the $787 billion stimulus passed earlier this year.
This is classic: Now that their wrong-headed economic theories have made a bad situation much worse, the Obamanauts naturally think the problem is that they haven't done enough.
It Won't Work. The Fundamentals Suck. Weimar America.