Thursday, February 18, 2010
They promised immediate results on Jobs!
Now they say they this!
The $787 billion economic stimulus plan turned out to be $860 billion. This proposed stimulus was suppose to create 3.5 million new jobs and keep unemployment below 8%. Then why has the President come out and say that the stimulus has saved America from a depression? The stimulus was about jobs, not the saving the economy! The bailout bills were about pulling out economy back from the brink.
The 2009 Economic and Recovery Bill:
“The measures are nominally worth $787 billion. The Act includes federal tax cuts, expansion of unemployment benefits and other social welfare provisions, and domestic spending in education, health care, and infrastructure, including the energy sector. The Act also includes numerous non-economic recovery related items that were either part of longer-term plans (e.g. a study of the effectiveness of medical treatments) or desired by Congress (e.g. a limitation on executive compensation in federally aided banks added by Senator Dodd and Rep. Frank).”
Here is what Obama said Wednesday:
“WASHINGTON - President Barack Obama hailed Wednesday's one-year-old economic stimulus law as a solid accomplishment that staved off another severe economic depression and kept up to 2 million Americans on the job. – AP
If this is true, which it is not, then why are the democrats being told by their leadership to refer to the latest stimulus proposal as a “jobs bill” instead? It is because the first “stimulus” was a failure and not a “solid accomplishment” as the President is lying to us about. In fact, the word “stimulus” is so tainted by the failure that it is considered a “dirty word” in their nomenclature.
This Administration is up to its neck in the outright lies and distortions that it peddles on a daily basis to look like they are actually accomplishing anything but the utter destruction of our economy and with that so goes our national security.
According to the Washington Examiner – “In a telephone town hall meeting last week, Rep. Brad Sherman, D-Calif., told constituents the leadership instructed members "not to call it another stimulus bill," but rather "a jobs bill."
Sherman went on to tell listeners the bill is different in name only.
"It's pretty much similar, but smaller," than the stimulus, Sherman said, adding that it would include money for construction projects that would for the most part not be taken up until 2013 at the earliest.
There you have it, more lavish spending that benefits cronies and Unions and does nothing for the creation of jobs. By the way, I distinctly remember Obama and most in the Democrat side say clearly that “jobs creation” is their highest priority yet we only see more spending and extensive and exhaustive work on a “Health care” bill that just won’t die.