lt Must Be Nice

Saturday 2 October 2010 - Filed under Dumbassery + Economy + Stimulus

It must be nice to be able to grade yourself and pass with flying colors despite reality. The Washington Post:

The report, a copy of which was provided to The Washington Post, is one in a series of assessments prepared by Vice President Biden, who was charged with overseeing implementation of the stimulus money, the largest effort in U.S. history to counteract the effects of a recession. The Congressional Budget Office originally estimated the package of tax cuts, state aid and direct federal spending would cost $787 billion over the next decade, a figure that has since been revised to $814 billion.

Biden delivered the report to Obama on Thursday during the president’s daily economic briefing. In addition to assessing how the stimulus program has been carried out, the study restates the administration’s case that the package has been effective economically, arguing that it staunched the worst bleeding in employment and led the economy to rebound late last year.

I’m pretty sure it takes more than a “I did a good job of doling out a shitload of cash quickly, if I might say so myself” to show that a good job was actually done. Nice try assface, but I would say that a an appreciable rise in the unemployment level since the stimulus singlehandedly shows the American people that your assessment of the stimulus’ effectiveness is little more than self-congratulatory bullshit.

2010-10-02  »  madlibertarianguy