Chart of the Day: Wasn’t the “stimulus” supposed to keep unemployment down?

Via Dan Mitchell comes this chart that shows monthly unemployment numbers since the passage of the “stimulus” in February of last year. During the debate over passage of the Keynesian-style spending package, the Obama Administration told us that the “stimulus” bill would keep unemployment under 8%.

Of course, unemployment hit as high as 10.1% in October of last year, and high been above 9.5% consecutive months, the longest streak since the Great Depression.

Unemployment Chart


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