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Political News and Commentary from the Right

Obama Stimulus Keeps Unemployment Under 10% in 34 States

I’m sure that’s how the MSM and the White House will spin it anyway.  But the reality is, 16 states now have double digit unemployment. You know, all those “saved or created” jobs just haven’t materialized like the President promised they would.  Michigan is hardest hit with the highest unemployment rate any state has seen in 25 years at 15%.

Boy, that auto bailout really saved Detroit didn’t it?  Just to remind everyone, Obama and Co. predicted the unemployment rate would never top 9% and it wouldn’t reach that point until the first quarter of 2010.  Of course, Biden now claims they had no clue what they were doing when they made their predictions, because last month the rate reached 9.5%.  That’s right, post-“stimulus” unemployment is higher than it would have been without the stimulus!

Now the administration wants you to believe they weren’t pessimistic enough about the state of the economy when Bush left office.  But what I see in this graph is evidence that the “stimulus” didn’t stimulate, and in fact made things worse. That’s right, Obama’s stimulus plan made unemployment worse than it would have been had the Democrats not wasted the trillions of dollars.

The economy has lost over 2 million jobs since Obama’s “stimulus” was signed into law.  Last I remember he was promising it would “save or create” 4 million jobs.  Recall he rammed the bill through Congress, claiming any delay would leave the economy in ruins.  Most Senators and Congressmen never even read the bill. And what we got was a bill that wasted hundreds of billions of dollars that actually had a negative impact on the economy!

Sixteen states with unemployment over 10%, double-digits. This is the change Obama brought!

John Allison III
Cabot, AR
US
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July 18, 2009 Posted by | Economy, Obama | , , , , , | 1 Comment

RNC takes on Obama’s “stimulus”

The RNC’s new ad takes on Obama’s failed “stimulus” plan.

I think it’s pretty good.  Leave a comment and let me know what you think.

John Allison III
Cabot, AR
US
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July 10, 2009 Posted by | GOP, Obama | , , , , , , | Leave a comment

Obama’s Health Reform Ship Flounders

Michael Gerson at Townhall.com

WASHINGTON — Around midnight on April 15, 1912, there were a few minutes when Capt. Edward Smith of the Titanic realized his ship was going down — six watertight compartments breached, less than two hours to float — yet his passengers slept in happy ignorance. A historical fate hardened while most of the participants dreamed on.

The jobs report last week opened a long gash beneath the waterline of President Barack Obama’s legislative agenda. Few yet realize it, but a scramble for lifeboats is about to begin.

On closer inspection, the economic news, which seemed bad, is even worse. Not only did unemployment rise to 9.5 percent but wages fell, undermining the consumption needed for the recovery of a consumption-driven economy. Unemployment increased among “breadwinners” — married men and women who head households — also making major family purchases more difficult. Recent increases in unemployment benefits and food stamps have helped many Americans pay for food and rent. Jobs, however, are what lead to the purchase of furniture, cars and homes. Paired with a decline in business investment, these trends make a second-half recovery less likely.

The stimulus package hasn’t been very stimulating…

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July 8, 2009 Posted by | Health Care, Obama | , , , , , , , | 1 Comment

Welcome to the ‘Hope’ Economy

by David Harsanyi on Townhall.com

After being asked when the public should begin judging the success of the nearly $800 billion stimulus plan, White House press secretary Robert Gibbs answered, “I think we should begin to judge it now.”

Let’s take his advice.

The administration warned that if we failed to support a stimulus package, unemployment would hit a dire 9 percent by 2010. With the stimulus, unemployment, it claimed, would stay in the 8 percent range.

This week, the Labor Department announced that the jobless rate jumped to 9.5 percent, higher than it’s been anytime since August 1983.

It’s not as if the administration was close. As The New York Times notes: “The difference between the situation that the Obama advisers predicted and the one that has come to pass is about 2.5 million jobs. It’s as if every worker in the city of Los Angeles received an unexpected layoff notice.”

Don’t get too dejected, though. We still have an economic plan with a heaping dose of hope. Surely, you’ll feel better when the president begins doling out his two-pronged faith-based explanation — and if we’re lucky, he’ll do it at a “town hall” meeting with approximately 100 of his closest friends.

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July 5, 2009 Posted by | Economy | , , , , | 3 Comments

Unemployment up again!

Last month, the unemployment rate climbed higher than the Not-So-Omniscient Obama promised it would if Congress rammed through HIS stimulus package.  He predicted unemployment would go no higher than 8% if the stimulus passed, 9% if it didn’t.  Last month it reached 9.4% and this month it climbed again to 9.5%.

Understand, it’s worse than the Obama administration ever predicted it would be if the “stimulus” didn’t pass.  It’s not a great leap to infer his stimulus plan actually made things worse than they would have been had it not passed!  Below is the graph the administration put out to sell its “stimulus” plan, overlaid with the actual data for the last few months.

So much for salvation at the hands of our Socialist President.

John Allison III
Cabot, AR
US
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July 2, 2009 Posted by | Economy, Obama | , , , , | Leave a comment

So much for stimulus creating green jobs

Early last month, LM Glasfiber in Little Rock announced it would cut more than 20% of it’s workforce because it doesn’t have enough orders.  In this day and age, that doesn’t sound quite remarkable does it?  But…

The plant makes windmill blades.  You know, those giant windmills that produce clean energy that were going to sprout from the ground like spring daisies if the stimulus bill passed.  These are green jobs being lost–the very jobs Obama announced would be created by HIS economic package.

June 8, 2009

Windmill blade maker LM Glasfiber said Monday it will lay off about 80 workers at its Port of Little Rock plant…

After the layoffs, about 300 people will remain on Glasfiber’s payroll…

Perhaps our President’s mathematical magicians will spin this as Obama saving 300 jobs.

So we’re losing green jobs, and non-green jobs, even though Congress has bowed and given the community organizer virtually everything he’s asked for, everything that he insisted would turn our economy around and result in millions and millions of green jobs.  Where are they Mr. President?

How long will worshippers of the Obamessiah go on believing his nonsense?  His supposed stimulus is a failure on all fronts.

Update–Check out this post on ARRA News Service that has John Boehner’s new video that features bloodhounds searching for the millions of jobs Obama’s stimulus was promised to create or save.

John Allison III
Cabot, AR
US
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July 2, 2009 Posted by | Economy, Environment | , , , , , , , , | Leave a comment

Budget Deficit Keeps Climbing

It’s been said before that the administration used extremely optimistic projections when selling its budget to Congress and the American people. The liberal Democrats forced us to swallow the $3.4 trillion budget while being told we must endure a $1.7 trillion deficit to save the economy. And I say the Democrats because not one Republican voted for the monstrous spending bill.

Now, less than a month after its passage, the White House is telling us things are more bleak than they predicted. They’re adjusting their numbers because their stimulus plan isn’t working as well as they’d hoped. They’ve injected huge piles of cash into the economy, but the layoffs keep coming. Unemployment has risen to 8.9% this month–a level the White House didn’t expect until at least the end of summer. The fact is, things are getting worse instead of better.

Here’s our first $1.8 trillion deficit folks, about 4 times larger than last year’s–with promises of more to come for the next 4 years!

Budget deficit to top $1.8 trillion

By ANDREW TAYLOR, Associated Press Writer

WASHINGTON – With the economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing almost 50 cents for every dollar it spends this year.

The deficit for the current budget year will rise by $89 billion to above $1.8 trillion — about four times the record set just last year. The unprecedented red ink flows from the deep recession, the Wall St. bailout, the cost of President Barack Obama’s economic stimulus bill, as well as a structural imbalance between what the government spends and what it takes in.

As the economy performs worse than expected, the deficit for the 2010 budget year beginning in October will worsen by $87 billion to $1.3 trillion, the White House says. The deterioration reflects lower tax revenues and higher costs for bank failures, unemployment benefits and food stamps.

…More

May 11, 2009 Posted by | Economy | , , , , , , , | Leave a comment

When they don’t read the bill…

An example of how poorly this whole stimulus idea was thought out.

STIMULUS WATCH: Early road aid leaves out neediest

By MATT APUZZO and BRETT J. BLACKLEDGE, Associated Press Writers

WASHINGTON – Counties suffering the most from job losses stand to receive the least help from President Barack Obama’s plan to spend billions of stimulus dollars on roads and bridges, an Associated Press analysis has found.

Although the intent of the money is to put people back to work, AP’s review of more than 5,500 planned transportation projects nationwide reveals that states are planning to spend the stimulus in communities where jobless rates are already lower.

One result among many: Elk County, Pa., isn’t receiving any road money despite its 13.8 percent unemployment rate. Yet the military and college community of Riley County, Kan., with its 3.4 percent unemployment, will benefit from about $56 million to build a highway, improve an intersection and restore a historic farmhouse.

Altogether, the government is set to spend 50 percent more per person in areas with the lowest unemployment than it will in communities with the highest.

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They really should have read the bill!

May 11, 2009 Posted by | Economy | , , , , , | Leave a comment