Thursday-mornin’ ping! Have a great day, y’all!
Vice President Joseph R. Biden Jr. crowed. “We’ve created 3 million jobs, and we’re adding jobs every month.”
They probably have, in places like China and India.
If anyone wonders where to find the American Dream, they’ll find it offshore.
Most excellent post, as always! Thank you so much!
Is it just me...or does every day life seem very surreal?
I hope we begin to right this ship in November. Otherwise....
They don’t call him SlowJoe for nothing.
“the Congressional Budget Office reported that the $814 billion spent on the first stimulus bill created between 1.4 million and 3.3 million new jobs”
Well lets look at that.
That’s $246,667 a job at 3.3 million jobs. Higher for fewer jobs.
And they claim that is some sort of victory. That is insanity. Government efficiency at work... And most of those “jobs” will run out as the money runs out.
We indebted our children and grandchildren so that 1% of the population could have a winter make work job.
Just insanity.
Since Clinton the government has been mostly making up their reports.
Good Lord! I lost count of the number of cliches that came out of Bite Me’s mouth on that one. The contrast between what he is out there saying, and what is actually going on out here is stunning and stark.
If this is where we are now, stand the hell by this winter...
What an idiotic metaphor! Joe, ships are built to go out to sea, they are worthless in port. No one builds a ship to keep it safely in port. The. Man. Is. A. Dunce. Worse than anything President Bush or Vice President Quayle ever said.
FlashBack 2006: Are the Bush Tax Cuts Working?[1.4 million Jobs the Nine Months After August 2003]
http://www.freerepublic.com/focus/f-news/2364667/posts
GDP Growth [Charts at link]
After the recession in 2001 and the first round of tax cuts, economic growth speeded up and is expected to pickup even faster in 2004.
The real annual GDP growth rate increased from 0.3 percent in 2001 to 2.5 percent in 2002. In the third quarter of 2003, GDP grew at a 7.2 percent annual rate. Forecasters are expecting GDP to grow by 4.6 percent in 2004, the highest in 20 years.
2003 and 2004 economic growth levels surpassed Congressional Budget Office (CBO) estimates by 150 basis combined, resulting in $300 billion of additional growth, which is roughly $2,500 per household.
What happened 3rd quarter 2003 before GDP grew at 7.2%:
May 28, 2003 Jobs and Growth Tax Relief Reconciliation Act of 2003 = 108th United States CongressThank you Republicans
^
Next, to credit the regression of the GDP and irresponsible budgeting, Thanks Democrats;
110th United States Congress
http://www.freebase.com/view/en/110th_united_states_congress
between January 3, 2007, and January 3, 2009, during the last two years of the second term of President George W. Bush. The Democratic Party controlled a majority in both chambers
^
https://www.cia.gov/library/publications/the-world-factbook/geos/us.html
GDP - real growth rate:
2.8% (2006 est.)
2% (2007 est.)
1.1% (2008 est.)
There's that word again.
And ‘you ain’t seen nothin’ yet.’
I bought my wife a shiny new Toshiba Laptop fro $499.99, and that created One Gazillion Jobs! It was either that or the new Mouse I also bought for $7.99.
(I'm still crunching the job numbers.)
I've decided: 0bamanomics is an EPIC FAIL!
Good morning. Long time no see.
5.56mm
Biden likes to lie?
You just provided conclusive proof that Biden, Obama, and their sycophantic leftist media conspirators are congenital liars, cut from the same corrupt communist cloth that has driven all socialist countries into bankruptcy, around the entire world.
Not to draw too fine a point on it however - we know they are abject failures, and would likely be tossed out of office at some point not far away.
But, hang on... expect our dictator-in-waiting to declare a 'National Emergency that simply precludes further elections,' and declares that he must stay in office to 'steer the nation through the perilous times it finds itself facing.'
(Followed quickly, of course, by Marshal Law, nationalization of all media, and 'Federal Troops' (FEMA) telling everyone what they can and cannot do on a daily basis.)
I very much hope that I'm very mistaken... but, just such a fate is, I fear, not at all too far-fetched.
As usual, JH2 sums it up!!