The Obama Administration faces growing resistance to the notion that the Stimulus Spending Bill has been effective or worth the expense.

According to a recent Rasmussen Poll:

"Just 25% of voters nationwide believe the economic stimulus package created jobs

The new survey found that just 29% believe last year’s economic stimulus plan has helped the economy while 43% believe it hurt.  Not surprisingly, there is little appetite for another round.  By a 69% to 15% margin, voters believe tax cuts is a better way to create jobs rather than more government spending."

To convince America that the Stimulus Bill actually worked Obama has launched a "Recovery Summer" tour to tout jobs "created or saved".

TheAMD.com has observed that the logic underlying the Administration's stimulus was faulty, the purported Multiplier Effect was a fraud, claimed unemployment benefits would not materialize, and jobs "created or saved" were concocted, unsustainable and not worth the cost.  Link to Index for Stimulus Spending Fraud Articles.  

The latest White House report claims to have "created or saved" 3.6 million jobs on the high end of the estimated range.  Even while touting this impressive, impossible-to-verify accomplishment, the President is inflating a Credibilty Gulf.  The more jobs supposedly manufactured, the higher unemployment theoretically would have been without the spending, and the worse his projections, used to justify stimulus, look in retrospect.

Obama did not understand the economy 18 months ago, the benefits of stimulus spending did not manifest in a verifiable way, and ethereal jobs "created or saved" do not improve unemployment in the present, but they do make the economy appear to be worse off if the estimates are correct.











Stimulus defenders could claim 10 million jobs "created or saved", but:

• Today's unemployment rate would not change
• The President's economic team would look worse as their forecasts detach further from pro forma unemployment
• It would mean that the unencumbered economy is in incrementally dire shape and more dependent on Federal subsidization