DADvocate

Pelosi Says Unemployment Rate Would Have Hit 14.5% Without 2009 Stimulus.

Nancy Pelosi refuses to use the word "stimulus" to describe the president's "American Jobs Act." But when asked today to name significant differences between the Jobs Act and the 2009 stimulus package, Pelosi didn't identify any, except the amount of money each bill costs. "This is a much smaller package," she said of the $447 billion American Jobs Act. The 2009 American Recovery and Reinvestment Act cost $862 billion.

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PELOSI: Well, let me just say that as a matter of fact that the Recovery Act saved millions of jobs--or saved or created millions of jobs for our economy. 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.

The lady is either insane, thinks we're idiots or both.

I vote for both.