Anyone in the US who fails to recognize that Team Obama's Stimulus I & II were miserable failures is either catatonic, an Obama supporter, or both. Unemployment has lessened a bit recently, but it is because companies are preparing early for a desperately needed Christmas spending spree that has failed to materialize in recent years. Obama had absolutely nothing to do with this.
President Obama’s own economists have reported that his stimulus did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt. Worse yet, the jobs that he claims to have saved or created cost taxpayers $278,000 per job. Perhaps most galling of all is that those same economists report that in comparison to how things would otherwise have been, the “stimulus” has been working in reverse…causing the economy to shed jobs. Now, he is asking for more of the same failed experiment.
Obama has been on the campaign trail offering excuses for the third major redistribution offensive of his soon to be only presidential term. In order to do this, he wants Congress to pass a bill to raise taxes beginning in January of 2013. It is purely coincidental that the recessionary effects of those tax hikes would begin just after Election 2012. So, if the revenue for Stim III will not be available until sometime in 2013, where does he plan to get the money in the meantime? What a shock; he will borrow it.
He wants to borrow another half-trillion dollars to create an infrastructure slush fund and squander it on public and private union supporters and re-election contributors and repay it 2013 after he plans to be safely ensconced in another term. You bet, Barack; we believe you. What he plans is simply to add that half-trillion to the national debt, and his propaganda machine, the national lapdog media, are busy selling the tale for him.
Here is the scam. If Congress refuses to authorize borrowing the money for him to spend vote buying, Obama will continue blaming his adversaries for the mess that he and his minions have made of our economy. If Congress writes the check, he has another big pile of other people’s cash to give to unions to money-lauder through their political action committes to send to Obama for re-election funding.
Obama is quite a bit like the nation’s first black president Bill Clinton. Democratic Senator Bob Kerry of Nebraska said of him, Clinton is an unusually good liar. Unusually good. Clinton and Obama appear to engage in pathological deception since they seem to believe their own dissembling. Perhaps this is because their connections to truth, honesty, and integrity are so tenuous that they can release their hold and float outside of their influence when needed.
Obama is quite a bit like the nation’s first black president Bill Clinton. Democratic Senator Bob Kerry of Nebraska said of him, Clinton is an unusually good liar. Unusually good. Clinton and Obama appear to engage in pathological deception since they seem to believe their own dissembling. Perhaps this is because their connections to truth, honesty, and integrity are so tenuous that they can release their hold and float outside of their influence when needed.
I did not have sexual relations with that woman Monica Lewinsky. You don’t normally raise taxes in a recession. Maybe Obama is just parroting the words that he was told to articulate.
May your gods be with you.
Thanks for the link to that Weekly Standard article.
ReplyDeleteIt's no surprise that the stimulus is hurting the economy. That's a known downside even to Keynesian supporters. I call it the "wet blanket" phase of stimulus. If the spending phase doesn't give the economy enough pop so that the economy is still better off during the wet blanket phase than without the psending, the stimulus was a net negative. Unfortunately, that's always the case.
(If you had a FB "Like" button, I would have pressed it...)