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Pelosi: Without Stimulus, Jobless Be 15%

From CNS News:

Pelosi: Without Obama’s Stimulus, Unemployment Would Now Be 15%

By Elizabeth Harrington
November 3, 2011

(CNSNews.com) – Since President Barack Obama signed his $825 billion economic stimulus plan into law in February 2009, the national unemployment rate has risen from 8.2 percent to 9.0 percent. But House Minority Leader Nancy Pelosi (D.-Calif.) said at her press briefing Thursday that if the stimulus had not been enacted the unemployment rate would now be 15 percent.

At a press briefing only a month ago, Pelosi said that if the stimulus not been enacted unemployment would have reached 14.5 percent by the time of the November 2010 elections.

"I think it’s really important to know that President Obama was a job creator from day one," Pelosi said at her Thursday briefing. "Now, was the ditch that we were in so deep that when you’re talking to people and they still don’t have a job, that that’s any consolation to them?  No.

“But I’ll tell you this,” said Pelosi, “if President Obama and the House congressional Democrats had not acted, we would be at 15 percent unemployment. Again, no consolation to those without a job, but an important point to make."

At her Oct. 6 briefing, Pelosi said: “Without the Recovery Act and accompanying federal interventions, whether from the Fed or ‘Cash for Clunkers’ or other initiatives, this unemployment rate last year at the time of the election would’ve been 14.5 percent, not 9.5 percent.”

Even though no less of an authority than Austan Goolsbee has recently acknowledged that ‘Cash For Clunkers’ and the $8,000 mortgage credits did absolutely no good.

A report published by the Congressional Budget Office in August estimated that in the fourth quarter of 2011, the stimulus signed by President Obama in 2009 would have the impact of reducing the national unemployment rate between 0.3 points to 1.1 points from what it otherwise would have been.

And remember, this is the CBO we are talking about here. Who knows how much lower the number is actually?

The report also said that although CBO initially estimated that the stimulus would cost $787 billion, CBO had subsequently increased its estimated cost to $825 billion.

According to the CBO report, 600,000 to 2 million people have jobs as of now that were "created or retained" because of the $825 billion stimulus. If the maximum number of 2 million is accepted, that works out to a cost of $412,500 per job. If the minimum number of 600,000 is accepted, that works out to a cost of $1,375,000 per job.

If it bought just one more Democrat vote, then it was all worthwhile.

After all, it is just taxpayer money.

This article was posted by Steve on Friday, November 4th, 2011. Comments are currently closed.

10 Responses to “Pelosi: Without Stimulus, Jobless Be 15%”

  1. Rusty Shackleford says:

    Well, who else would be a better spokesturd than Pelosi (complete with flying monkeys)?

    And, as predicted…we all knew that sometime before the election of next year, we would be hearing about “how bad it could’a been” but if I learned only one thing in Texas, I would say that the three most useless words in the English language are “would’a, could’a and should’a”.

    Nancy has the extraordinary talent of sucking all the knowledge and logic out of a room when she speaks. She’s just like the dipstick that sat next to me in science class who was angry that DC electric current only flowed one way and felt it wrong that it couldn’t act like AC current. She got very wrapped up in the ethereal wish that that could be changed somehow. But not on the level that would inspire her to become a physicist or electrical engineer, but on the level that ti was an emotionally hard thing for her to accept. Of course, most of the rest of us thought it was very comical.

    Nancy Pelosi is a complete idiot. An educated idiot which is quite possibly worse because she actually believes her own crap. But somehow when a logical, common-sense argument enters her ears, it hits the cerebral cortex and gets hit with a badminton racket and flits and floats around until it hits an otherwise unoccupied brain cell, of which there are many. But none of the working brain cells want anything to do with a clear, concise, logical point, so it is flushed downward whereupon it is then filtered and emits out her ass, where the rest of humanity would find a mouth.

    So Nancy, dear. Shaaadddduuuuupppppp! (think: that Jimmy Cagney photo of the scene where he smashes a grapefruit into Mae Clarke’s face in ‘The Public Enemy’ ). But Nancy could never fathom that Jimmy might’ve found someone he would like better. http://www.youtube.com/watch?v=k4R5wZs8cxI

  2. beautyofreason says:

    Given the look on her rather plastic face, I suspect she pulled those numbers out of her a…..oh, never mind.

    Reminds me of a fortune teller or witch doctor who promises something like a cure for cancer with unsupported claims. They have every possible outcome covered.

    1. If the economy improves, it is because of the stimulus!
    (ex. if the cancer goes away, it is because of the herb / crystal / egg ! )

    2. If the economy gets a little worse, the stimulus prevented it from tanking
    (ex. If the cancer only grows a little, the herb / crystal / egg reduced how bad it would have been! )

    3. If the economy gets a lot worse, it’s because the Republicans in the House are blocking implementation and repeats of the stimulus! Eat your peas people.

    (ex. If the cancer gets a lot worse, the patient didn’t believe enough in the treatment, or he / she was harmed from some other source ! )

    The Dems claim that if the American public opposes their spending then we’ll face 15% unemployment (Pelosi) and an increase in rapes (Biden). I wonder if Biden has been at an Occupy Wall street encampment lately to check out all the pot, needles, rapes, trash, spray paint, and human waste at those sites? Because everything the libs warn about tends to occur when they’re in charge.

    • Mithrandir says:

      EXACTLY.

      As I explained in a previous post, the liars and false predictors expect people to now believe “Things would have been WORSE” if they hadn’t blown a trillion dollars on their voting blocs. –given new computers to the FBI, gave money for ridiculous university studies, made a guard rail for a non-existent lake etc.

      Strange that no matter what happens, the Democrats have a NO-LOSE answer, and an ALWAYS-BLAME answer, to Republicans. Their policies are never a disasters and, just like communism, they always say, “We just haven’t spent enough money yet.” “It hasn’t been done by the right people yet!” Now, Obama and his team are ‘the people they have been waiting for’ they can’t figure out why communism STILL doesn’t work….so they just make a bunch of lame excuses to cover it up.

    • proreason says:

      The only planning they have done in the last 60 years is planning who to blame.

      Other than that they are simply executing the Long march laid out for them after WWII.

  3. Astravogel says:

    And if we had not had Ali Obama and the 40 Thieves, where would the country be?

  4. sticks says:

    “After all, it is just taxpayer money” actually it’s barely money anymore, it’s just pretty paper and we can print lots of that. Great picture Steve, a true portrait of the esteemed congresswomans intelligence.

  5. jobeth says:

    While all you stuck to the topic at hand…I have to venture off the trail a bit…

    Lovely pic of NanPo. It really captures her…lol

    Seriously thinking of framing this or better yet covering my dart board with it.

    It so expresses her true personality. Too bad though, a still pic can’t show her shaky hand expressions. I can’t watch her with out mimicking. I know, juvenile…but sooo gratifying. lol

  6. GetBackJack says:

    Dear Nancy – I read a lot of History. Like the Black Book of Communism, Whittaker Chambers’ Witness, Wall Street and The Rise of Hitler … just to name a few.

    Did you know, Nancy, that Hitler’s “Economic Miracle” was brought about by the money powers you play footsie with and protect, when they sent early a trillion dollars of cash to Hitler so he could build up the infrastructure of Germany? In order to take advantage of the raw materials from Russia whom the same money powers overthrew one government in favor of a new one? And once again, it took, like Hitler, a massive “stimulus” to make that happen.

    Identical to the massive “stimulus” those same folks provided an ostracized and ex-communicated Islamic cult – the disgraced and despised Wahhabis – in order to get the Rashidis out of Arabia and install the hedonistic Sauds in their place?

    Stimulus has a long and storied history, hon.

    We’re on to you.


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