Democrats from the president down are pulling out all the stops in their celebration of the anniversary of the stimulus package and its so-called success. Of course, the fringe media, propaganda tool for the Obama administration is on board in perpetrating this farce.
Success is undoubtedly in the eye of the beholder this day, but what the president, vice president and cohorts are spouting is not a tale of success but a tale based of overt fabrication.
There are those who would challenge my views, but in the words of Glenn Beck, “who the hell is Chuck and Blake?” Only 6% of Americans say that the stimulus has created jobs while 7% of Americans believe that Elvis is still alive.
I feel the need to set the record straight.
Where did the stimulus money go? For starters, how about the Napa Valley wine project. What about those highway projects? Those highway projects consist of putting up signs. For example NYC is spending over $1 million on highway signs.
Ed Lazear, former economic adviser to President George W. Bush, and a professor at Stanford University in California, not wanting to call Obama a liar says that “the facts don’t support the conjecture….”
“With the anniversary of the stimulus upon us, politicians are likely to bombard us with numbers: 1.5 million to 2 million jobs created or saved, about $300 billion out the door, some $150 billion in the pipeline. The Democratic Policy Committee keeps a list of success stories while Sen. Tom Coburn, R-Okla., has published two reports of 100 “wasteful” projects.
One number that’s been especially hard to pin down: the cost of waste, fraud and abuse.
Already there have been scattered reports about stimulus contractors that are under investigation or that have had serious violations in their past. Using estimates from fraud experts, the government’s stimulus watchdog, Earl Devaney, has said as much as $55 billion could be lost.”
See list of Investigations of Stimulus Waste, Fraud, and Abuse at ProPublica.
Suggested reading: Schools Have Trouble Tapping Stimulus Funds; Stimulus Money Paid Out Now Exceeds Money in the Pipeline; Thousands of Stimulus Reports Missing, Resulting in Potential Undercount of Jobs Created; Stimulus Contracts Go to Companies Under Criminal Investigation; Stimulus Infrastructure Funding Short-Changes States With High Unemployment