The administration has started moving the goalposts now claiming we won't expect to see the benefits of the Generational Theft Act (Economic Stimulus) until late summer or fall.
This, of course, is not what they used to be claiming. When it passed, they had a much quicker horizon for when we'd see the impact.
In February, White House budget director Peter Orszag said the benefits of the stimulus would take "weeks to months" to be felt. Larry Summers, director of the National Economic Council, was even more optimistic when he told CNN "You'll see the effects begin almost immediately." And just last month, Jared Bernstein, Biden's top economic advisor, joined administration officials in asserting that the stimulus was already working, despite rising unemployment rates.
Then there's the case of the now-famous chart, prepared in January by the Obama transition team to forecast unemployment rates with and without a stimulus in place.
No wonder they want to move the goalposts.
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