Thursday, November 03, 2011

Pelosi Claims Unemployment Would be 15% Without Stimulus: 'It’s Really Important to Know That President Obama Was a Job Creator From Day One'

I wonder if she's even aware real unemployment is currently 17.7%? Notice she's revised her numbers just in the past month.
Since President Barack Obama signed his $825 billion economic stimulus plan into law in February 2009, the national unemployment rate has risen from 8.2 percent to 9.1 percent. But House Minority Leader Nancy Pelosi (D.-Calif.) said at her press briefing Thursday that if the stimulus had not been enacted the unemployment rate would now be 15 percent.

At a press briefing only a month ago, Pelosi said that if the stimulus not been enacted unemployment would have reached 14.5 percent by the time of the November 2010 elections.

"I think it’s really important to know that President Obama was a job creator from day one," Pelosi said at her Thursday briefing. "Now, was the ditch that we were in so deep that when you’re talking to people and they still don’t have a job, that that’s any consolation to them? No.
Worth noting is the unemployment rate when she became House Speaker was 4.6%, basically half what it is today. To say her tenure was a colossal disaster would be a massive understatement.
“But I’ll tell you this,” said Pelosi, “if President Obama and the House congressional Democrats had not acted, we would be at 15 percent unemployment. Again, no consolation to those without a job, but an important point to make."

At her Oct. 6 briefing, Pelosi said: “Without the Recovery Act and accompanying federal interventions, whether from the Fed or ‘Cash for Clunkers’ or other initiatives, this unemployment rate last year at the time of the election would’ve been 14.5 percent, not 9.5 percent.”


Fenway_Nation said...

This is the same Nancy Pelosi that wants the Boeing plant in a right-to-work state to unionize or shut down, right?

Richard Butler said...

At this point in time, considering some of the ridiculous and stupid things Nazi Pelousy has said, I think it's a given that she's not playing with a full deck.

And trying to prove a "negative" as in the stupid statement that "we'd be at fifteen percent as opposed to nine percent unemployment because of Omama's wonderful stimulus" is a mathematical impossibility.