After 28 months still blaming Bush, saying need more time

June 13, 2011 05:51

Obama’s economic advisers had predicted the stimulus would keep the national unemployment rate below 8 percent.  Yet, today, the national unemployment rate is 9.1 percent.

By Terence P. Jeffrey at


“I wish I could tell you there was a quick fix to our economic problems,” Obama said. “But the truth is, we didn’t get into this mess overnight, and we won’t get out of it overnight. It’s going to take time.”

By 2012, according to the CBO, number of jobs on average that Obama can claim were created or saved by the stimulus will range from a low of 200,000 to a high of 700,000. Even if you take the CBO’s high-end estimate of 700,000 jobs, that works to more a cost of $1,185,714 per job.


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