If This is What Successful Stimulus Spending Accomplishes, Go Screw Yourself
Via Instapundit comes the latest update of the unemployment rate chart from AEI's James Pethokoukis. The good news is that unemployment came in at 7.5 percent, which represents a four-year low. The bad news includes a lot of things, but let's just focus on two.
First, the U-6 measure, which tracks discouraged workers and part-timers who want a full-time gig, nudged upwards to 13.9 percent.
Second, the final cost of the Obama admin's stimulus program has come in somewhere north of $800 billion. By the administration's own estimation (see above), we clearly got less than nothing for all that extra spending (read: debt and future taxes).