Posted on 07/24/2012 2:46:20 PM PDT by jazusamo
Speaking to supporters in Oakland, CA, President Obama declared that his economic policies are already proven successes.
“We tried that and it didn’t work,” Obama said of Mitt Romney’s proposed tax cuts and spending cuts, which he dismissed as a Bush-style “top down” economic policy. “Just like we’ve tried their plan, we tried our plan — and it worked,” he added later in the speech. “That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”
The president mentioned the auto bailouts, and it’s reasonable to conclude that he is also discussing the two signature pieces of legislation he has signed into law, the 2009 stimulus and ObamaCare. Both were sold as plans to remedy the ailing economy. Obama also sought to convert the US energy economy from fossil fuels to “green” technology, with a promise of job creation to go along with that.
The administration promised that the stimulus would knock unemployment down to about 5.5% by now. It has not even come close to that mark .
The graph is a little dated. Gallup says unemployment remains above 8 percent, with “declines” largely attributable to unemployed giving up on finding work.
Obama sold ObamaCare as a cost-saving measure both for the nation and individuals. The price tag for ObamaCare has gone up in the two years since the Democrats passed and Obama signed it into law (current price of the “cost saver” is $1.76 trillion), and insurance premiums have continued to go up, especially for younger workers . Business leaders also report reluctance to bring on new hires out of fear that ObamaCare increases their per-worker benefit liabilities.
By no reasonable standard can either the stimulus or ObamaCare be described as having worked, using the criteria by which the Democrats sold both plans. The stimulus did not reduce unemployment anywhere near the rate promised, and ObamaCare has not brought costs down. Both can reasonably be said to have made matters worse: The stimulus will eventually have to paid for through higher taxes and ObamaCare is squelching new hiring.
The Obama command shift to “green” technology has mostly resulted in expensive, high profile bankruptcies: Solyndra, Ener1, and so forth.
As for the auto bailouts, the American taxpayer is still out billions of dollars and according to Conn Carroll, the bailouts were about $50 billion more expensive than they had to be. The unions, though, picked up an ownership stake in Chrysler and became one of GM’s largest shareholders, and are doing fine. Obama’s former auto bailout czar reportedly said that the bailouts were entire done to benefit the unions. So perhaps that part of his plan can fairly be said to have worked.
What we have, after three years of Obama’s plans being put into force, are the following: High unemployment and fear of new hiring, exploding national deficits at $1 trillion over the past five years, sharp increases in the number of Americans on disability and on welfare (and a government openly advertising to get more people on welfare), and an economy that even Obama’s own treasury secretary acknowledges is not growing fast enough.
The Liar-In-Chief's lips are moving again and he's still lying.
If O’s plan is working, why are so many people out of work?
PPP Poll out
Q: If the candidates for President this fall were Democrat Barack Obama and Republican Mitt Romney, who would you vote for?
Barack Obama: 46 (48)
Mitt Romney: 46 (46)
Undecided: 8 (7)
This is the poll I took, I classified myself as a black,moderate,independent. hehe
http://dailykos.com/weeklypolling/2012/7/19
Yeah, his plan is working.
It’s keeping people unemployed and or on welfare, that’s the plan.
I truly believe that was his intention....
Make as many possible depend on the gov’t....
“If O’s plan is working, why are so many people out of work?”
Because that was his plan...silly.
He lies on a daily basis and no one calls him on it. It’s surreal.
You're absolutely right in my view.
Oh, I must have missed that class where Lecturer Ø discussed 'our plan'....
So, 'our plan' was for Americans to have more leisure time, more part-time work opportunity and enjoying nutritious EBT fare?
President Obama declared that his economic policies are already proven successes. ....Is stupidity to painful, because it must be a lack of oxygen.
image needs to be updated....
His plan was to make more people dependant on government, make energy scarce and expensive, strangle the free market through over regulation and taxation, diminish our nation around the world, and oh so much more.
From his perspective, his plan has worked, just not fast enough. That's why he wants a second term, to put the final nails in America's coffin.
We are witnessing evil on a grand scale.
Correct, he notes that in the article.
Obama attended the Tokyo Rose school of propaganda.
And his buddy Bloomberg in NY wants to disarm America, so only government has the guns, while suggesting a national law enforcement strike to enforce his plan.
The lunatics are clearly running the show. These are very scary individuals.
You couldn’t be more correct, Smooth.
It’s doubtful the voters could have elected a more evil person.
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