Their projection was wrong. Unemployment was much higher before the stimulus even went in to effect than they thought it would be. They underestimated how bad the economy really was. Not sure how that implies whether the stimulus worked or not. But you are dumb, so I understand your confusion.
We are not in "austerity"
The Obama government has spent more money than anyone could have dreamed of, passed a "stimulus" that didn't work, and adds more than a $1 billion dollars in debt per day because of the spending, yet fewer people are working.
You don't get it, either because you're dumb, or you have no capacity to examine your beliefs critically.
A lot of good fratfraud's "stimulus" did...
The actual share of the the population with a job has collapsed and remains low.
The size of the U.S. labor force has also collapsed, partly due to discouraged Americans giving up looking for a job.
Those without a job have been without a job for a long, long, long time.
ECONOMIC GROWTH
This recovery has lagged others in terms of economic output or GDP growth. (via the Minneapolis Fed)
Economic growth in this recovery has not just lagged the best recoveries of the past or the average recoveries, but the worst other recoveries, too. (via the Economic Policy Institute)
The result of the weak recovery is a huge gap between where the economy should be, in terms of growth, and where it is. (via The Wall Street Journal)
And that output gap means there’s an income gap, as well. (MKM Partners)
The slow, anemic recovery has contributed to keeping the housing market in a depressed state.
The national debt has exploded during the Obama administration. (Committee for a Responsible Federal Budget)
The White House itself admits that its new budget plan would keep the national debt on a dangerous and unsustainable trajectory. (The White House)
The current economic picture doesn’t look anything like what the White House promised back in early 2009. (via the Heritage Foundation)
The actual share of the the population with a job has collapsed and remains low.
The size of the U.S. labor force has also collapsed, partly due to discouraged Americans giving up looking for a job.
Those without a job have been without a job for a long, long, long time.
ECONOMIC GROWTH
This recovery has lagged others in terms of economic output or GDP growth. (via the Minneapolis Fed)
Economic growth in this recovery has not just lagged the best recoveries of the past or the average recoveries, but the worst other recoveries, too. (via the Economic Policy Institute)
The result of the weak recovery is a huge gap between where the economy should be, in terms of growth, and where it is. (via The Wall Street Journal)
And that output gap means there’s an income gap, as well. (MKM Partners)
The slow, anemic recovery has contributed to keeping the housing market in a depressed state.
xc
The national debt has exploded during the Obama administration. (Committee for a Responsible Federal Budget)
The White House itself admits that its new budget plan would keep the national debt on a dangerous and unsustainable trajectory. (The White House)
The data does not coincide with your theory. The government has cut more employees from their workforce than any President in the last 6 decades, the growth of spending is at the lowest it's been in over 6 decades. It's just not even close. This is the most austerity we've ever had in this country. And the results are obvious.
