This is an example of what I was posting about in Words Matter. Definitions are Important.
The good folks at e21 have updated the wildly optimistic chart from January 2009 prepared by incoming White House economists Jared Bernstein and Christina Romer. You know, the one that show the Obama stimulus plan would keep unemployment from hitting 8 percent.
Measured against the 8% target, the stimulus was an EPIC FAIL.
But it is Bush’s fault, right? That magic phrase makes everything better.