Although simply adding the link below as a comment to the earlier post regarding the American Recovery and Reinvestment Act of 2009 would make sense, I believe that these dramatic numbers merit their own special attention.
Here are the high - (low?) lights. The Obama administration predicted that over 3.4 million jobs would be created by 12.31.09 due to the stimulus package. According to the numbers below, the economy has actually shed over 2.7 million jobs since the bill was signed. Additionally, this decrease is wide ranging, as 49 of 50 states have experienced job losses.
Although in my initial assessment of the stimulus package I ceded the point that any benefit from the Act itself would likely take longer to be felt than consumers hoped and proponents indicated, I also doubted the likelihood that a positive impact would occur at all. The numbers we are seeing thus far are hopefully proof of the former point and not validation of the latter. However, as of today, it looks like the Keynesian comeback will be short-lived.
Check out the Statistics