Here’s the brand new National Republican Congressional Committee ad attacking Rep. Ben Chandler in the 6th district this week. As you can see, Obama’s stimulus “made the economy worse,” and Chandler is supporting Obama’s new jobs bill, which will obviously make the economy even worser.
I’m assuming that the NRCC really doesn’t care much about trivial matters like this being reported from the very non-partisan (and often-cited by the NRCC itself, when it suits them) Congressional Budget Office less than a week earlier.
The economy would have been in much worse shape without the 2009 stimulus — which increased employment in the third quarter of this year by as many as 3.3 million full-time jobs, according to a report by the Congressional Budget Office.
The nonpartisan CBO figures offer a more nuanced picture of how government spending impacted an economy still coping with unemployment above 9 percent. It provides an alternative glimpse of an economy with even higher unemployment and drastically lower growth.
The CBO figures released Tuesday estimate that the stimulus package raised the gross domestic product this past quarter by 0.3 percent-1.9 percent.
Wait, so the stimulus made the economy better, not worse? How could this be? Well, it was still a failure in 2009 and 2010, right?
By CBO’s numbers, the $800 billion stimulus added up to 0.9 million jobs in 2009, 3.3 million jobs in 2010 and 2.6 million jobs in 2011.
But how could that be? I mean, Republicans like Mitch McConnell, Rand Paul, John Boehner and Mitt Romney keep telling us how the economy has gotten worse, and we’ve all been hemorrhaging jobs ever since that Obama guy took over.
For example, look at this chart of monthly gains/losses in private sector jobs since the beginning of 2008. The red bars are the end of Bush’s term, and the blue is Obama. As you can see, ever since Obama took over and installed his socialist stimulus agenda, things have gotten much worse…
Oh. I guess not.
But who cares about accuracy, really? It’s a great attack line, and if you tell it to people over and over and over again, it sort of becomes the truth, doesn’t it?
Unless your goals are “improving the economy” and “telling the truth.” Tell them how silly those people are, Mitch: