TheAffordableMortgageDepression.com has observed for more than a year that the Stimulus Spending Bill could not work and would not achieve its stated employment goals.

"Debt-financed, government-directed, infrastructure spending will not stabilize the economy nor will it be helpful in extricating ourselves from the impending depression.  This crisis is being driven by deflating asset prices, excessive debt, shrinking credit availability and collapsing consumer spending.  Inefficient federal projects which provide little incremental economic value will have no effect on the perpetuators of the malaise." - 12/7/08

12/7/08 - Repeating A Great Depression Era Mistake
2/10/09 - The Stimulus Bill, Like All Government Interference To Date, Will Fail
5/8/09 - The Stimulus Spending Delusion

The following is a chart which updates actual unemployment rates relative to those purported to result if The Stimulus Spending Bill was adopted.




The unemployment rate was 9.7% in January, 2.7% above the level which the Obama Administration argued would result by year-end 2010 if the Stimulus Spending plan was implemented. 

As stated on 5/8/09:

“In only a few months it should be evident to all intellectually honest people that the Stimulus Bill was an ineffective, waste of money relative to the professed benefit of such spending.  Taking into account that we will be in debt by an additional $787 billion, which will act to restrain future economic activity, and the Stimulus Bill may represent the most egregious waste of money in U.S. history.”