Obama’s Stimulus Promise Revisited

James Pethokoukis at AEIdeas did the visit, and this graph is the highlight of it.

The red dots on the right axis reveal the Obama tale.  It’s an especially humorous, if simultaneously mendacious, one, given that in this auspicious quarter we were supposed to be in the same prosperous state with or without Obama’s promised stimulus benefit.  The benefit, after all, only was supposed to ameliorate the pain of the last five years.

Instead, those red dots demonstrate, not just the failure of Obama’s stimulus, but the active damage that “stimulus,” in concert with the rest of Obama’s economic and jobs policies, have done and still are doing to our economy.

In case the dots’ captions are hard to read, here they are, from highest dot to lowest, all for December 2013:

  • unemployment rate based on the 2009 Labor Force Participation Rate: 11.8%
  • unemployment rate based on CBO’s then forecast for 2013’s LFPR: 10.1%
  • unemployment rate based on 2012’s LPFR: 7.9%
  • unemployment rate, actual: 6.7%

These compare with Obama’s promised rate of 5%, or roughly full employment.

Can we really afford another five years of these destructive Progressive policies?  Or even two more years?

Global Warming

Here is how global warming is working out, as described by Tom Harris and Dr Madhav Khandekar at PJMedia:

  • CONUS: third-coldest Decembers and Januaries (that’s 2013 and 2014) in 30 years averaged over the contiguous 48 States; temperatures plummeting to −10°C in Atlanta, −26°C in Chicago, for instance
  • CONUS again: 59% of the contiguous 48 States was snow-covered, first time in 10 years, on 17 Dec
  • North East India: unusually severe snow and −10°C temperatures without home heating
  • Most of India, generally: 2°C-5°C colder than usual
  • Cairo: first snowfall in over a century
  • Jerusalem: fiercest snowstorm in 20 years
  • Berlin: March 2013 was the coldest in 100 years. In the same month, low temperature records were set UK generally: March 2013 had record lows throughout

Even the cold areas of the planet were colder:

  • Antarctica:
    • Record low temperatures
    • Sea ice more extensive than at any time in the modern-day record
  • Arctic:
    • summer sea ice increased by 2.4 million square km in 2013 compared to 2012
    • largest year-to-year increase since satellite records began

Orwellian warming, maybe….