How’s that ‘hope & change’ working out for you, along with the $800b Stimulus plan?

In January, President Obama pressed for an $800 billion economic “stimulus” package to turn the economy around. Though the bill largely consisted of increased spending on traditional liberal priorities, the President claimed that it would “create or save” 3.5 million jobs. The President’s economic advisors predicted that unemployment would rise to 9 percent by 2010 if Congress did not pass the stimulus bill, but that with the stimulus unemployment would stay below 8 percentage points.

THE NUMBER: DEC. -85,000 JOBS... 10%...
'WORSE THAN EXPECTED'...
GOP MOCKS DEMS: WHERE'S THE WORK?
UPS layoffs planned

Unemployment: The Dirty Little Secret Everyone's Ignoring 

The number of people with a job fell by 589,000 in December. Even worse, the number of people not in the labor force grew by an astounding 843,000 during just the last month.

Since February, when the stimulus package was passed, I repeat, the number of people not in the labor force has grown by 3.2 million. But the number for December represents 26 percent of the entire increase over that period of time. The problem of people getting discouraged and giving up looking for work is ballooning. Of course, they have had good reasons to be discouraged. Similarly since February, the total number of people employed has fallen by 4 million.

JOBS GLOOM HITS WEST'S RECOVERY HOPES