T Nation

CATO: Stimulus Raised Unemployment

"My own estimate, in past articles available at cato.org, is that the stimulus act added about 2 percentage points to the unemployment rate.

The evidence that extended benefits have that effect is overwhelming, fully documented by the Organization for Economic Cooperation and Development and by at least two economists in the Obama administration.

It turns out that raising the unemployment rate by a percentage point or two is the only clearly identifiable effect the stimulus act had on the jobs market. It stimulated unemployment."

Barry the Bumpkin for the win!!!