Posted on 02/20/2010 5:57:06 AM PST by IbJensen
Only 6 percent of Americans believe the stimulus bill passed a year ago this week has created jobs, a CBS News/New York Times poll reported last week. Six percent. Nearly six times as many Americans believe in ghosts as believe President Obama's jobs claims. It isn't hard to see why. All you have to do is go to the government's own website, www.recovery.gov, and look at the numbers. The site reports 1.2 million jobs funded by the stimulus bill by the end of 2009. Note the terminology. That's jobs funded, not created. The administration switched from jobs "created or saved" to jobs "funded" for accuracy's sake. Or maybe to stop the mockery. Either way, it's a telling methodology.
President Obama would have us believe that the stimulus is working because the government spent a bunch of money, and that money funded 1.2 million jobs. And he has the nerve to complain that dividing the number of jobs funded into the amount spent to come up with a price per job is simplistic.
If creating jobs were that easy, the government could simply tax the country into endless prosperity. But the money has to come from somewhere. For the stimulus bill, it was borrowed. That borrowing, combined with the rest of the massive government debt-taking in the past year, has left less money available for investors. Which means fewer jobs funded by the private sector than otherwise would have been.
The question is not: How many jobs were funded by the stimulus bill? The question is: How many jobs would have been funded if that same money had been put to other uses? The American people seem to think, not unreasonably, that more jobs would have been created without the stimulus bill than with it.
(Excerpt) Read more at spectator.org ...
Who says Barry Barack Hussein doesn't know how jobs are created?
I agree with your point and I wonder why everyone is so concerned about the potential political/ electoral impact as we approach November of the "2/3 of stimulus funds that have not been spent." That money is going to continue to pay the people already on government payrolls. Roemer said as much last fall when she said most of the impact of the stimulus, which she found stunningly, unexpectedly favorable, had already been experienced. In clarification, she said it was as though the accelerator pedal had already been pushed, implying a higher velocity was going to be maintained but no further increase. We'll know whether Alan Simpson is a total sellout if the Bowles/ Simpson report does not include an immediate freeze on federal hiring, a rollback of federal employment by 20% over the next 3 years and a restructuring of government employee benefits and pensions. You know they're coming back with higher medicare and social security taxes for the middle class already.
But the money has to come from somewhere. For the stimulus bill, it was borrowed.
And how is that any different than the Free Trade Deficits that the previous administration used to downsize and outsource our jobs to China and hand over the reins of government to the Obamanation to begin with???
Seems to me that was nothing but 8 years of borrow and spend like a drunken sailor to hyperinflate a false prosperity bubble as well.
The prosperity may have been false, but at least it was prosperity.
Seems to me that was nothing but 8 years of borrow and spend like a drunken sailor to hyperinflate a false prosperity bubble as well.
Beating a dead horse won’t get you to the finish line. We can’t change the past, so get on board and help shape the future.
Beating a dead horse won’t get you to the finish line. We can’t change the past, so get on board and help shape the future.
So far, the GOP hasn't come up with any substantive proposals to shape the future other than the same failed Bush Administration policies that landed a marxist in the WH to begin with.
Send us a post card when you get to Australia.
The prosperity may have been false, but at least it was prosperity.
You've been preconditioned to lower standards and expectations, haven't you???
All that need be done is to cancel the unspent appropriations.
Then we will not need to borrow to pay for the unspent portion of porkulus.
You’ve seen the Minnesota billboard, “Miss me yet?”
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