Steve Benen has a piece out today that debunks the absurd notion that “The Stimulus didn’t work!”
In terms of metrics, keep in mind, when these jobless claims fall below the 400,000 threshold, it’s considered evidence of an improving jobs landscape. When the number drops below 370,000, it suggests jobs are actually being created rather quickly.
The jobless claims number last week was 352,000.
As usual, Benen’s charts do most of the speaking for him. This is a chart of initial unemployment claims dating back well before the so-called “Stimulus” spending started.
The best response to this came from Adam Serwer from Mother Jones via Twitter:
Things I’d add to @stevebenen’s chart: An arrow to indicate where Obama traveled back in time and caused the recession
H/T Extreme Liberal.