Like Detective Frank Drebin below, the Obama Adminstration is claiming there is “nothing to see here” even as the economic numbers continue to suggest that our economy is in free fall and not responding to the stimulus:
Overall unemployment continues to rise and mass layoffs, layoffs of 50 or more employees by a single employer, spiked considerably in August. Throw in a 2.4% decrease in durable goods orders and a 2.7% decrease in housing sales and you have “something to see.”
But as the economy burns to the ground behind them, Obama and his economic team paint a contradictory picture of economic exuberance based on fictional estimates that cannot be verified. This, along with the proven economic data like that above, makes it very hard to believe someone like Joe Biden when he says the stimulus is “working better than expected.”
Because if that is true, which I highly doubt, one can only wonder...what the hell were they expecting?
UPDATE: More proof of how magical the stimulus has been:
The unemployment rate for young Americans has exploded to 52.2 percent -- a post-World War II high, according to the Labor Dept. -- meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time.
And we all know what that means…even more people dependent on the government and our tax dollars!
