No, “Everyone” Did Not Guess Wrong

stimulus-vs-unemployment-may-corrected1Geoff ‘s now famous chart

Geoff, from Uncommon Misconceptions comments on Joe Biden’s most recent brain fart over at Innocent Bystanders:

Joe Tries to Spin, But Ends Up Twisting in the Wind

Vice President Joe Biden says “everyone guessed wrong” on the impact of the economic stimulus.

Really. Let’s look back about 4 months and try to remember who was guessing what:

  • Obama reminds GOP in stimulus meeting: “I won” (Hot Air): 1/23/09
  • House passes stimulus plan, but with no Republican votes (McClatchy): 1/28/09
  • Pence Opposes Democrat Stimulus Bill: “It Won’t Work”: 1/28/09
  • Economists say stimulus won’t work (St. Louis Post-Dispatch): 1/29/09
  • Analysis: Stimulus Won’t Jump-start Economy (AP): 2/13/2009
  • Sen. Cornyn: Stimulus Won’t Work (Fox): 2/13/09
  • Republican Governors Step Up Attacks on Obama Economic Policies (Bloomberg): 2/23/09
  • And among the highlights to the opposition to the bill, we had 200 economists taking out an ad in the New York Times saying it wouldn’t work, all GOP representatives voting against the bill, and all but 3 GOP senators voting against the bill. [And as Joey Buzz points out in the comments, I’d forgotten to mention the Tea Paries, which involved hundreds of thousands of American citizens of all political affiliations.]

    I’ve already posted this video from last February once, but I’m doing it again because it cannot be stressed  enough how smug and sure of themselves The  Obama Team and his sycophants in the media were, in selling Porkulus to the American people in the face of mass opposition:


    Everyone did not think massive spending was the way to go:

    stop the spendingWe knew.

    A plurality of Americans now say, cancel the stimulus.

    It’s important to keep all of this in mind, because now he’s trying to sell his disastrous ObamaCare program, under the same pretense that he sold the stimulus – there is a (health care) crisis that needs to be acted upon immediately.

    The president says health care reform is no longer just a moral imperative, it is an economic imperative.

    “If we want to create jobs and rebuild our economy and get our federal budget under control, then we have to address the crushing cost of health care this year, in this administration,” said President Obama.

    He says the goal must be to bring down medical expenses, while improving the quality of care for everyone.

    How’s that for audacity? Obama is using the budget crisis caused by his stimulus as the reason we need to have a health care bill, this year.

    Megan McArdle says Obama intends to do this through slight of hand:

    Obama’s health care plans are very, very expensive, and they mean higher taxes for everyone, not just that elusive klatch of greedy fools who are not in the 95% of working families now allegedly slated for stable or lower taxes.  Otherwise, how could Obama hope to pay for it?

    I think we found out today:  magic!

    Of course. Are the American people starting to wise up, yet? They’d better hurry. ObamaCare has to be massively opposed.

    Bottom line: Obama’s Stimulus bill was an epic failure. His health care bill will be, too, if it passes.

    7 thoughts on “No, “Everyone” Did Not Guess Wrong

    1. This is good. A few minutes ago, I JUST HEARD Rush Limbaugh say it too. His exact words “NO EVERYBODY DID NOT GET IT WRONG!!!”

      Thanks, Deb.


    2. I don’t know anybody with even a basic understanding of economics who did think this was going to work.

      And it’s only going to get worse. Much, much worse.


    3. Thanks for the link(s), ND. You ought to do a table of photos of signs showing how many people did not get it wrong. I can help you with the table format tonight if you need it.


    4. Just make a table in HTML format, and put a photo in each cell. That way you can have a grid of snapshots that’ll look pretty impressive (I think).


    5. Everyone guessed wrong?

      Speak for yourself, Bozo.

      And, what do you mean “guessed”? Didn’t anyone bother to do any research and try to figure out what would happen if we spent a gazillion trillion dollars? Or did you guys just “guess” it would work?


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