Less than six months ago, the Obama administration sought the perfect opportunity to take advantage of a good crisis. The Democratic Party worked feverishly to pass and force feed a pork laden stimulus plan at the sum of $787 billion down the throats of Americans with the promise that once passed; it would immediately begin to put Americans back to work.
Obama: Stimulus will create 4.1 million jobs, 01/10/09, MSNBC
“If nothing is done, economists from across the spectrum tell us that this recession could linger for years and the unemployment rate could reach double digits — and they warn that our nation could lose the competitive edge that has served as a foundation for our strength and standing in the world,’ he said.
The president-elect said that a new analysis by his economic advisers indicated that his economic recovery plan ‘will likely save or create three to four million jobs.”
Obama: Stimulus to save 3.5M jobs, put Americans to work, 02/18/09, The Biz Journal
“The White House estimates the legislation will save or create 3.5 million jobs…‘We are putting Americans to work doing the work that America needs done in critical areas that have been neglected for too long — work that will bring real and lasting change for generations to come,’ Obama said.”
Stimulus package would create/sustain 228,300 NY jobs, 02/04/09, The Business Review
“President Obama hopes that his proposed economic stimulus will create or save between 3 million and 4 million jobs across the nation through 2010. Members of Congress are currently debating a similar stimulus package valued at more than $800 billion.”
Congress Must Move Quickly on Stimulus Package, 01/08/09, PBS, THE NEWS HOUR
“REP. NANCY PELOSI: Well, you know, rather than go over the particulars of the plan, may I just say that what — in a broader sense, from the standpoint of our investments, as well as in the tax cuts and credits, what we want to do is to create 3 million jobs….
But one thing is for sure: We must have a bill signed into law by the middle of February. Our economy requires it. The American people need it desperately.”
Feeling the pressure of a failed stimulus package and the growing dissatisfaction of a nation, immediately once May’s dismal unemployment statistics were released in June, Obama countered with the assurance that Americans would see the stimulus package in action by summer’s end with the creation of over 600,000 jobs by the end of the summer, courtesy of summer employment.
Obama confronts doubts on stimulus, vows faster spending, 06/10/09, L.A. Times
“Reporting from Washington — President Obama billed it as an adrenaline jolt — a $787-billion stimulus package that not only would put people back to work, but also underwrite construction and energy projects the country had long neglected.
But with the economy still sputtering and some experts doubting the program was meeting its goals, Obama vowed Monday to accelerate stimulus spending with the goal of creating or saving 600,000 jobs by summer’s end.”
What summer employment jobs is supposed to do for the economy right now would be no more than putting a non-adhesive bandage on a festering sore since most summer employment programs are run through neighborhood youth corps programs and are clearly intended for teenagers in families earning below a specified income.
However, in the world of Obama, such bogus nonsense would serve to give him a temporary reprieve.
Earlier this year, Obama also indicated that he expected the unemployment rate next year to reach into the double digits.
According to the Department of Labor, unemployment rose to 9.5 percent in June 2009 from 9.4 percent in May. In the month of June alone, the economy shed 467,000 jobs.
As of June 2009, there are 14.7 million unemployed persons, and since December 2007, unemployment has risen by 7.2 million.
The Business Journal
“The number of persons unemployed for 27 weeks or longer continued to increase in June. The 4.4 million long-term jobless individuals accounted for 3 in 10 unemployed persons.”
It is clear that the Obama is out to lunch on this one, but refuses to own it.
Obama Says Economic Stimulus Plan Worked as Intended, 07/11/09, Bloomberg News
“President Barack Obama said his $787 billion stimulus bill “has worked as intended” as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.
‘It has already extended unemployment insurance and health insurance to those who have lost their jobs in this recession,’ Obama, who is traveling today in Ghana, said in his weekly Saturday radio and Web address. ‘It has delivered $43 billion in tax relief to American working families and business.”
“$43 billion in tax relief to working families and business?”
Obama insults us by the very words he uses. What good is an extra $13 a week in one’s paycheck when the government has put a tax on everything but the air. Oh wait, they’re working on that one. Small businesses have received no type of reprieve. What little there is for small businesses come with so much red tape that a business could go under while trying to decipher the b.s.
Enough of the double talk, denial, excuses and passing the blame. This economy belongs to Obama has belonged to him for some time now. He must wear it and face up to the fact “you cannot spend your way out of a bad economy.”
Obama and Biden confirms did not know what he was doing back in January and he does not know what the hell he is doing now.