Source: http://www.factcheck.org/politics/makin … nding.html
How long before the administration stops blaming Bush? 2010...2012? When?Fact Check.org wrote:
With the economy continuing to shed hundreds of thousands of jobs per month, Republicans are stepping up attacks on President Obama. They claim that the massive "stimulus" spending isn't working very well.
A Republican Party Web site classifies as "fiction" the president's repeated claim that the spending already has "saved or created" a total of 150,000 jobs, and accuses him of "fuzzy math."
The GOP has a point here. The fact is the economy has lost more jobs, and the unemployment rate is significantly higher, than the administration originally predicted would be the case if Washington did nothing. In fact, the original projections of Obama's economic aides have turned out to be off by a very wide margin.
The administration counters by saying the economy was worse than it realized at the time it was making its projections, and that the present jobs picture would be darker yet without the stimulus spending. In the analysis that follows, we lay out the facts and figures.