Posted on 10/22/2009 12:20:56 PM PDT by JohnRLott
The Obama administration claims that it was their passage of massive government spending that saved the United States from another Great Depression. Last week, Larry Summers, Obama's top economic adviser, claimed that because of the stimulus:
"We have walked a substantial distance back from the economic abyss and are on the path toward economic recovery. Most importantly, we have seen a substantial change in the trend of job loss."
And Vice President Biden declared at the end of September:
"In my wildest dreams, I never thought it [the stimulus] would work this well."
As President Obama and other Democrats have correctly pointed out many times, this has been a worldwide recession. But if Summers and Biden are right in their assessment of the stimulus measures, one would think that the U.S. economy should be recovering better the many other countries, countries not wise enough to follow Obama's lead of an extraordinary $787 billion increase in government spending. It is also particularly timely to evaluate the spending since Christina Romer, the chairwoman of President Obama's Council of Economic Advisers, told Congress today that the stimulus had already had most of its impact on the economy.
Take Canada. Their stimulus package was nowhere as extensive as ours. Their $22.7 billion in stimulus spending this year, and $17.2 billion next year, amounts to about 7.5 percent of their federal spending for their 2009 and 2010 budgets -- not much more than a third of the per-capita stimulus spending in the United States.
Has Canadian unemployment climbed higher than than ours because of their relative inaction? Hardly. . . .
(Excerpt) Read more at foxnews.com ...
This is proof that zero’s economic policies are failing. China, Brazil and other countries which were also on the brink a year ago have rebounded. Obama is keeping us down.
It is hard to have an economic recovery when the Federal Government is targetting the sources of the recovery for destruction.
WELCOME TO:
OBAMAVILLE
Gett’n a head fake,
watchin’ msn’s take;
All of their pundits oozing foul oil.
Clean’n my six gun on my front porch swing.
Felling my blood—
It’s beginnin’ to boil.
Wasted away again in Obamaville,
Searchin’ for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know it’s Obama’s fault.
There’s no rhyme or reason,
They are all commitin’ treason
With nothing to show but a brand new tax or two.
But they are real beauties,
Despotic duties, how they got passed
I haven’t a clue.
Wasted away again in Obamaville,
Searchin’ for a job so I can earn my salt.
Some people claim that it’s Bush we should blame,
Now I think,— hell with them it’s Obama’s fault.
I blew out my flip flop,
Stepped on a pop top;
Cut my heel, but I just cruise on back home.
Because no medical care will the doctors render
They say there’s little service I can tender
And there’s no need for me to hang on.
Wasted away again in Obamaville
Searchin’ for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know, it’s my own damn fault.
Yes, and some people claim that Bush is to blame, And I
know because of my vote it’s my own damn fault.
Say Joe, you must have some pretty wild dreams.
Is it any wonder? Any company with any sense at all is moving overseas before the good old USA goes whole hog socialist/communist and they’re taxed into bankruptcy. Its not rocket science.
I bet the "other networks" will not be "following" this.
This is perfect. If you want news about our nation, I guess you have to go to Fox to get it.
Barry’s fault for utilizing libtard economic policies, most of which have proven to be failures now and in the past. Being an alleged Constitutional law professor does not teach you that, but hey....
Confirms psychosis.
Sort of makes you wonder if Fox were go on a blitz and cover everything what would the other networks cover?
Even Russia has stabilized and will grow next year.
See. America still leads the way. No. 1 in unemployment, No. 1 in foreclosures, No. 1 in currency devaluation, and No. 1 in terminally stupid leadership.
This country won’t go socialist without a monumental collapse.
This is what ignorant Democrats don’t get. Then again, maybe they do and things are going exactly as planned.
Thanks again to The Messiah for this one.
Obama and Companys fault. They are destroying this country on purpose.
Hope and change Baby!
Come on. It is Bush’s fault. Obama just hasn’t had time to get around to fixing unemployment. I am sure he will in 3 or 4 years, but until, yeah, Bush did it.
I know people who are still out of work and have maxed out on unemployment extensions, with no hope of a job in sight.
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