In other words, these elites, these Ph.D's, these geniuses, spent a trillion dollars of our money on a theory that now has been proven wildly wrong. They didn't know what they were doing.
Indeed, using their own logic, this chart suggests that the stimulus package may have caused higher unemployment. Could this be true? Actually, maybe so... the idiocy of the package coupled with the additional trillion dollars in debt we took on to finance it may have spooked investors and business owners so that they simply have "gone Galt" for the past two years. Hard to have confidence when our leaders don't know what they're doing.
We have built up this tremendous plaque in the body politic made up of government distortions in the market. It would take serious medicine now to clean that plaque out and get back to full strength.