In January 2009, you warned that if Congress didn’t pass your $800 billion stimulus bill the unemployment rate today would be approximately 8.5 percent. You claimed that if Congress did pass the stimulus bill the unemployment rate would never climb above 8 percent, and today’s unemployment rate would be approximately 6.5 percent.
Today your administration announced that the unemployment rate is 9 percent.
Why didn’t that $800 billion work as promised? How much more do you contend you need to spend to get the unemployment rate down to 6.5 percent?