In February, White House budget director Peter Orszag claimed the effects of the $787 Billion dollar stimulus package would be felt in “weeks to months.”   National Economic Council director Larry Summers claimed it would work “almost immediately.”  Last month, Joe Biden claimed that it was, in fact, already working.  They were all wrong.

Just as with his spurious claim that he’s saved 150,000 jobs (while losing 2 million) Obama’s cronies have been trying to claim that everything would be oh so much worse had the Stimulus not passed in the first place.  The problem is that Jobless numbers keep climbing, and the administration’s claims are starting to sound more like wishful thinking than anything approaching fact.

The lastest claim was made by Chistina Romer, chairman of the president’s Council on Economic Advisers, who told The Financial Times that “We always knew we were not going to get all that much fiscal impact during the first five to six months. The big impact starts to hit from about now onwards.”

So, from here on out, everything is going to get better.  Tell that to Warren Buffet who, during the campaign was a huge Obama backer and economic advisor to the president.  In a recent letter, he said “We’re certain, for example, that the economy will be in shambles throughout 2009 – and, for that matter, probably well beyond.” 

 He also recently suggested that Obama should focus less on his various social and environmental concerns, and more on the economy, saying ”you can’t expect people to unite behind you if you’re trying to jam a whole bunch of things down their throat. So I would–I would absolutely say for the–for the interim, till we get this one solved, I would not be pushing a lot of things that are–you know are contentious..”

Unfortunately, as Cap & Trade and health care reform show, the president has chosen not to takes Buffett’s advice.   Instead he’s opted to force through a pair of massive, controversial spending packages at a time when the economy is least able to sustain them.

Don’t worry, though, because Obama and Pelosi, are already hard at work on their next big idea.  Another stimulus package.  It’s good to know that the definition of insanity, doing the same thing over and over while expecting different results, is being fully tested by Pelosi’s congress.

I feel better already.

-Robert Laurie