> I’m happy to say that the new numbers finally give me some different results. We can now balance the budget if spending grows 2.5 percent annually.
That would, of course, require a level of common sense that Washington is lacking at the moment.
Tag: dan mitchell
> Keynesian spending policies and class-warfare tax policies have produced dismal economic performance, with unemployment stuck above 8 percent – even though the White House promised the joblessness rate by this point would be about 5.5 percent if we squandered $800 billion-plus on the so-called stimulus.
*Spoiler:* He is not a fan.
Categories
Spectacular Failure
[Dan Mitchell posted four charts](http://danieljmitchell.wordpress.com/2011/09/05/obamas-failure-on-jobs-four-damning-charts/) which illustrate President Obama’s spectacular failure with regard to jobs and employment. For example, the following chart shows how unemployment remains over 9 percent. This is 2.5 percent higher than Obama said we would reach if we passed the stimulus.
[](http://blog.kivus.com/images/reblogged/obama-unemployment.jpg)
I agree with Mr. Mitchell that this is a spectacular failure.