More Proof That Obama's Stimulus Was A Failure

As most people know, the unemployment rate only proceeded to go higher following the passage and roll out of Obama's Stimulus Package. Now, comes some more proof that the "stimulus" was a failure.

A recently released report, Household Income Trends During the Recession and Economic Recovery, has determined that the average household income fell nearly 10% since the beginning of the recession in 2007; from $55,309 to today's $49,909. But, what's more disturbing is the fact that, during the years that the stimulus was being applied, household incomes fell at a rate that was double that of the actual recession years. In fact, during the recession (2007 to mid-2009), incomes lost 3.2 percent. But during the years forward of that period, at the height of stimulus spending, the average household income lost a whopping 6.7 percent.

It's facts like these that should make anyone uncomfortable about Congress' passage of another one of Obama's recovery plans; especially his current jobs bill which is just a repackaging of his original stimulus package with a new name and half the amount of money.