"Without the Recovery Act and accompanying federal interventions, whether from the Fed, or Cash for Clunkers, or other initiatives, the unemployment rate last year at the time of the election would have been fourteen and a half percent, not nine and a half percent,"This quote is reported in the Weekly Standard article Pelosi Says Unemployment Rate Would Have Hit 14.5% Without 2009 Stimulus
It would appear that Representative Pelosi, who is currently the Minority Leader of the House, has a rather short memory. There are two inconvient facts about which Ms Pelosi should be aware. 1) The current realistic Unemployment Rate is already at 14 -16% when the number of Unemployed who have stopped looking are added and 2) When the $862 Billion Stimulus Bill was being considered by Congress, the American Public was assured that passage of the Stimulus would insure that Unemployment would not rise above 8%. Despite those facts, Ms. Pelosi thinks the Stimulus was a success.
Now she is saying the current Obama Jobs Bill is also going to be a success. If the Stimulus was a success, what's her definition of a Failure?