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While the Administration Hails the “Accomplishments” of their Stimulus Plan, the Nation’s Unemployment Rate Remains Stuck above 9% for the 17th Straight Month

October 08, 2010

Last week the Obama Administration issued a report that, in their terms, suggested Democrats’ 2009 stimulus plan “has accomplished much of what it set out to do.”  It is true that Democrats’ trillion-dollar government stimulus plan contributed to the Washington, D.C. area having among the lowest unemployment rates in the nation.  Yet as the chart below shows, the U.S. unemployment rate remained stuck at 9.6 percent in September – the 17th consecutive month of above 9 percent unemployment.  That is 2.5 percentage points higher than President Obama’s economic team predicted with their 2009 stimulus plan, leading millions of unemployed Americans to ask “Where are the jobs?” 

Sources: January 2009 Romer/Bernstein Report and actual U.S. Department of Labor data.