June 16, 2009

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This chart from innocentbystander.net clearly shows Team Obama’s projections in the American Recovery and Reinvestment Plan are overly optimistic. May’s 9.4% unemployment rate, a 25-year high, far exceeded expectations. But don’t worry, your tax dollars are hard at work.

About 1.6 million jobs were shed since the stimulus bill was passed in February, while the roughly $44 billion borrowed and spent from the recovery act has “saved or created 150,000 jobs,” claims the White House.

As the president repeats his tales of an improving economy and spending our way back to prosperity, perhaps it’s time to start reading between the lines. Get the real story with the independent analysis found in Casey Research’s flagship publication The Casey Report.

Discover how successful unbiased research can be at spotting powerful emerging trends, plus our favorite investment of 2009, by clicking here.

 
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