Barack Obama is putting pressure on Congress to pass a 30 BILLION dollar package designed to jump start job creation. Obama’s administration has lost millions of jobs (net) despite the bogus “saved job” category used to deceive people into thinking that taxpayer money has saved jobs and without it unemployment would be higher.
President Obama Friday repeated his call for Congress to pass a $30 billion package to foster hiring and help tackle painfully high levels of unemployment.
“I’m hopeful the House will pass these measures next week and that the Senate will follow as soon as possible—with support from both Democrats and Republicans,” Obama said in remarks delivered in the White House Rose Garden. CNBC
[note]The article points out that Obama said fewer than 20% of the jobs would be government jobs. Greater than 20% of the jobs “created” so far have been government jobs. About 90% of the jobs in the last jobs report were temporary census workers (read government) jobs. But Obama praised the numbers.[/note]
Obama passed a 787 BILLION dollar stimulus package that was supposed to keep unemployment below 8% and was supposed to jump start job creation. Obama said the number one goal of his economic plan was to create 3 million jobs in the next two years (MSNBC 16 Jan 2009).
The stimulus was touted as a job creator and was needed to keep unemployment from rising. Unemployment has been stagnate at just under 10% for most of the time since the stimulus was passed.
When things kept going bad the regime told us that things were worse than they thought or that no one knew how bad it was. We were then told that this was a slow process and that the stimulus needed time to work. But we are not on the track that was spelled out in his economic report. We are well behind what they predicted.
When this has been pointed out the Obama apologists tell us that the stimulus will take time and was never intended to work quickly (despite the initial claims and the report). The Obama regime told us that it would take at least until the end of 2010 before we saw improving jobs results.
Well which is it?
In either case, Obama’s request for more money to stimulate jobs is an indication that the stimulus is a failure.
If it was supposed to work more quickly, as was initially reported, then the 30 billion dollar request is an admission that it did not work as sold.
If it was anticipated that the job growth would be slower and that we would not see results until the end of 2010 at the earliest then why ask for more money now? Let’s wait to see if it works as stated when the time frame was revamped before we throw more money into the black hole.
The fact that Obama is asking for more money now is an indication that he does not believe that his stimulus will work. He knows that things will not get better as a result of his plans and he wants to appear as if he is doing all that he can because it is an election year and he knows that his party stands to get trounced.
The request for this money to stimulate jobs is an admission by Obama that his stimulus did not work as planned and that he does not expect it to work as planned.
It is a political move to throw good money (if the US actually has any good money) after bad during an election year.
The stimulus is a very expensive failure.
How many times will Obama go to the well before people begin to see this?
Related:
Retail Sales Slump
Never surrender, never submit.
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