For the 17th month, evidence that the stimulus failed miserably
June unemployment data came out last Friday, and once again it showed that Obama and Reid’s stimulus was and is an epic failure.
Innocent Bystanders provides the relevant chart.
Now the unemployment rate did go down, but that’s only because more than 600,000 people quit their job search and left the labor market. As this chart from Innocent Bystanders shows, the economy has almost 8 million fewer jobs than before Obama and Reid passed the stimulus.
And why aren’t more jobs being created? The liberal Five Thirty Eight has the unsurprising answer.