Has the Administration’s Stimulus Bill “Done Exactly” What They Said It Would Do?Unfortunately for American Workers, They Have Been Exactly Wrong on Jobs and UnemploymentOn Sunday April 4, 2010, in discussing the effects of the Democrats’ February 2009 economic stimulus package, Dr. Christina Romer, Chair of the White House Council of Economic Advisers, said "I think it has done exactly what we would say it would do." Fortunately, a solid set of data exists to judge the accuracy of such claims. In January 2009, the Administration released a detailed forecast of the labor market effects they projected their stimulus plan would have, called "The Job Impact of the American Recovery and Reinvestment Plan" otherwise known as the Romer/Bernstein report. And each passing month provides a fresh set of actual labor market data that can be compared with those pre-stimulus projections.
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