Shamulus

IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Europe's Lesson: "Earlier this year, the White House predicted the jobless rate would top out at 8% if Congress passed the $787 billion stimulus package. Well, since then, 1.5 million jobs have been lost, and unemployment just hit a 26-year high of 9.4%. So, by the administration's own yardstick, it hasn't worked at all."

What a surprise. Of course, from the Obama administration point of view, this is not a failure. They get to expand government power and control over the economy, and they get to drag out the recession that is serving so well to justify their power grab.