Todah to Dovid (and/or Stef) for sending us Jeffrey Anderson at the Weekly Standard:
When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.
... the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead....
The actual employment numbers from the administration’s own Bureau of Labor Statistics show that the unemployment rate was 7.3 percent when the “stimulus” was being debated.
It has since risen to 9.1 percent.
Meanwhile, the national debt at the end of 2008, when Obama was poised to take office, was $9.986 trillion.
It’s now $14.467 trillion — and counting.
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