Big Dogs House

Proof Stimulus Is A Failure

Jun 11, 2010 Political

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

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.

Tags: failure, jobs, Obama, stimulus, unemployment

Good News: Only 36,000 Lost Their Jobs

Mar 5, 2010 Political

Darrel and Mike, two commenters at this site, have been having a debate about a chart that shows the number of people losing their jobs. There are still jobs being lost but not as many and these two gentlemen are discussing if losing fewer jobs is good or if it is still bad because we are losing them.

Harry Reid has settled this and it would appear that losing jobs is a good thing as long as it was not as many as before. Reid tells us today that the good news is that only 36,000 people lost their jobs last month.

That is great news, unless you are one of the 36,000.

The administration was preparing us for bad numbers by telling us that the numbers would be bad because of the snowstorms in February. That is a bogus claim. I can’t see how the storms resulted in people losing their jobs. But if I concede that the storms caused job loss I would have to say it was a wash because a whole lot of people became employed clearing snow. The labor report (linked below) addresses how people were counted with regard to the storms.

In order for severe weather conditions to reduce the estimate of payroll employment, employees have to be off work for an entire pay period and not be paid for the time missed.

It is unlikely that people would lose their jobs over bad snowstorms. They might get time off without pay but that is about it. But then again, that counts as unemployed to the BLS.

Now the progressive pundits, in response to an unemployment rate that held at 9.7%, are claiming the numbers would have been better if we had not had the storms. Once again, not credible (especially considering the definition of unemployed due ot severe weather). Also, when discouraged workers are counted, the number rose:

The U6 alternative gauge of the unemployment rate, which includes discouraged workers and those forced to work part-time, rose to 16.8% from 16.5%. Market Watch

The government has boosted the number of jobs by hiring for the census. Thousands of people have been hired to work for the government. Those people will lose their jobs once the census is completed.

So remember, it is good when people lose jobs so long as it is fewer than before (progressive mantra). It is certainly a positive trend but it is not good news. These numbers do not indicate that jobs are being created, just that fewer people are losing them. We will not see job creation until jobs are being added to the numbers. In other words, the graph has to rise above the zero line.

It is also interesting how we continue to have jobs being lost, albeit many fewer than before, and yet the unemployment rate dropped from 10% to 9.7% two months ago and has held there. How can this happen?

No job loss is good news despite what Harry Reid believes.

Well, maybe there are a few exceptions…

Tags: Harry Reid, jobs, lies, Obama, snowstorms, unemployment

Talk About A Snow Job

Mar 2, 2010 Political

Presidential adviser Larry Summers is saying that we need to look past the next set of job numbers because unemployment will be affected by the blizzards we had in February. He said the construction industry would be hit particularly hard. Right.

It seems to me that the snowstorms would not cause unemployment. It just does not sound correct that the number of jobless would go up. Workers might have been told to stay home (like they did all week in DC) but I can’t imagine that bosses said “Well, blizzard, you are all laid off. No, it is more likely that they stayed home without pay or were allowed to use vacation time to get a paycheck.

This is a snow job and it is designed to soften the blow if the jobs numbers are worse than expected. And keep in mind, with this administration everything is not what they expected. Every bit of news is reported as [some statistic] not what expected. Jobless claims not what expected, GDP rises more than expected. They are always caught off guard.

In any event, if the numbers are bad the snow will be blamed and if they turn out to be better Summers will claim they are actually pretty good because people lost jobs because of the blizzards.

So here is the deal. I want Larry Summers to tell us all right now that we need to dismiss the increases in jobs that will happen starting now and working through at least March and April.

During this time the government will be bringing on several hundred thousand people to annoy those of us who do not completely fill out the Census form. So there will be a bunch of people who get paid to come to our houses and ask us the questions we refused to answer in the first place.

It will be a total waste of money to send a census worker here so why waste the money?

Anyway, these jobs will be temporary and provide a boost and I want Summers to let us know now that we will need to look past them.

Want to bet he never mentions it and they take credit for any bump?

What a snow job. The best thing the blizzards did was keep politicians out of DC. We were safer for the entire time.

Tags: jobless, larry summers, snow job, unemployment

About That Job Creation

Feb 25, 2010 Political

Looks like the 95,000 jobs a month the administration is predicting hit a little snag:

The number of Americans filing for initial unemployment insurance surged to just below the 500,000 level last week, and have climbed more than 12% over the past two weeks, the government said Thursday. Money.CNN

Obama and his mouthpieces keep saying they “saved” or created millions of jobs.

The only thing I can figure is that they saved or created them in states 51 through 57…

Then again, if the White House can create ZIP codes and Congressional Districts out of thin air then it can certainly create jobs numbers the same way.

Tags: jobs, Obama, unemployment

Harry Reid Is About To Become Abusive

Feb 23, 2010 Political

Harry Reid, while discussing the so called jobs bill, said that the incidence of abuse by men is increasing because men become abusive when they are unemployed.

“Men, when they’re out of work, tend to become abusive,” the majority leader added. “Our domestic crisis shelters in Nevada are jammed.” The Hill

This is anecdotal evidence but if it happens to be true then Reid will become abusive in January of 2011 when he leaves office after losing his reelection bid this November.

Considering how he has abused the country during his time in office, Reid should adjust to his unemployment without much difficulty.

Tags: abuse, Harry Reid, unemployment