“The best laid plans of mice and men oft go awry” indeed.
It appears the Obama team has done it again, this time in regards to the unemployment rate with and without the so-called “Recovery Plan”.
It turns out their predictions for the unemployment rate under the recovery plan were wrong. Again.
Frankly, I think we would have been far better off without the recovery-less recovery plan. Looking back through our history one will see that every time the government has intervened with the economy in an effort to “fix” it, they've only made it worse and delayed the recovery. And this time around they're throwing so much phantom money at the problem they've short-circuited the normal feedback mechanisms, which will in turn delay the economic recovery another year or three. Or four.
Thanks a lot, Mr. President.