Harry Reid told the Senate today, “It’s a good day. Only 36,000 people lost their jobs.”
Sorry Harry, I don’t think it’s a good day when anyone loses a job. All though, the more I think about it, it will be a great day when you lose your job! Buh bye
President Obama’s chief economic adviser Larry Summers told reporters yesterday that increasing taxes is a great way to spur job growth. He said it without cracking a smile too!
President Obama continuously tries to portray himself as a friend to the little-man, middle class and small business. Hence his attacks on “fat cats” who “just don’t get it,” while labeling the extravagant bonuses as “obscene,” and “the height of irresponsibility.”
Meanwhile, members of his administration, in defending a sweeping small-business aid program Obama announced in his State of the Union, give reason to wonder if they really understand how to help small business.
Among the administration’s proposals for small businesses are a $5,000 tax credit to hire new workers, elimination of capital gains taxes, and new incentives to invest in plants and equipment. At the same time, however, the administration plans to raise taxes on “the wealthiest Americans.”
Obama’s chief economic adviser Larry Summers appeared Feb. 9 on the Fox Business Channel to discuss the administration’s economic agenda and defended proposed rate-hikes for those making over $250,000. “Almost all economists who studied these things have that kind of view,” he told Fox’s Liz Claman.
Perplexed, Fox News contributor Gary B. Smith replied: “it’s the biggest bunch of B.S. I ever heard … this is such a political game. , Larry Summers thinks everyone is Rockefeller living in their Newport, Rhode Island mansion. These are guys that are starting businesses, investing. You can’t give people business money to hire people, they have to have a reason for hiring these people and that’s because they see sales increasing or costs decreasing. You can’t just say ‘go hire these five people’ because the businesses will go ‘What for? I don’t have the demand!’”
I just wish President Reagan had known this when he took office in 1981! Who knows what kind of economic growth we could have had. Seriously, these people don’t have clue what’s going on or how to fix the problem.
Business Media Institute via Gateway Pundit
Glenn Beck breaks down the financial problems that Americans are actually facing using real math and real numbers.
Global Warming Scientist Michael Mann Awarded Half A Million In Stimulus Money. Does this fall under “jobs saved or created?”
As many of you might remember Mann was implicated in the global warming email conspiracy.
Now to make matters worse we find out that this same dangerous junk scientist is receiving a half million dollars in Stimulus cash.
The National Center for Public Research is reporting:
In the face of rising unemployment and record-breaking deficits, policy experts at the National Center for Public Policy Research are criticizing the Obama Administration for awarding a half million dollar grant from the economic stimulus package to Penn State Professor Michael Mann, a key figure in the Climategate controversy.
“It’s outrageous that economic stimulus money is being used to support research conducted by Michael Mann at the very time he’s under investigation by Penn State and is one of the key figures in the international Climategate scandal. Penn State should immediately return these funds to the U.S. Treasury,” said Tom Borelli, Ph.D., director of the National Center’s Free Enterprise Project.
Professor Mann is currently under investigation by Penn State University because of activities related to a closed circle of climate scientists who appear to have been engaged in agenda-driven science. Emails and documents mysteriously released from the previously-prestigious Climate Research Unit at the University of East Anglia in the United Kingdom revealed discussions of manipulation and destruction of research data, as well as efforts to interfere with the peer review process to stifle opposing views. The motivation underlying these efforts appears to be a coordinated strategy to support the belief that mankind’s activities are causing global warming.
“It’s no wonder that Obama’s stimulus plan is failing to produce jobs. Taxpayer dollars aren’t being used in the ways most likely to spur job creation. The stimulus was not sold to the public as a way to reward a loyalist in the climate change debate. Nor was the stimulus sold as a way to promote the Obama Administration’s position on the global warming theory. This misuse of stimulus money illustrates why tax cuts are a better way to stimulate the economy than letting the government decide where to spend taxpayer dollars. As is often the case, political considerations corrupt the distribution of government funds,” said Deneen Borelli, a fellow with the National Center’s Project 21 black leadership network.
“Mann’s credentials as a climate change alarmist seems to fit the political criteria for stimulus funds sometimes known as ‘Obama money’,” added Deneen Borelli.
Mann is a central and controversial figure in climate change research. Mann’s so-called “hockey stick” graph depicting temperature changes over a 1000 year period was used as evidence in the United Nations’ Intergovernmental Panel on Climate Change (IPCC) 2001 report to conclude carbon dioxide from industrial activity is causing global warming. Mimicking the shape of a hockey stick, the graph showed a long period of stable temperatures (the shaft) followed by a rapid rise in temperatures (the blade) during the last hundred years.
Critics of the hockey stick claim Mann manipulated data to eliminate the medieval warming period and the little ice age to eradicate the visual impact of natural global temperature variation. The emails from Climategate reveal that the inner circle of climate scientists were troubled by the methods Mann used to produce the graph.
Just trying to justify how this falls under “jobs saved or created?” Could it be the Obama administration paid half million dollars to save Michael Mann’s job? Just wondering.
I like what Jim Hoft called Barack Obama, the “Unemployment President.” I thought the 70’s and early 80’s were bad, under Obama and fellow Democrats it could get even worse.
More jobs have been lost under Barack Obama than any other President in the modern era. The unemployment rate for December 09 was 10%. In just 11 months 4 million jobs have been lost, but that wasn’t supposed to happen with the failed stimulus plan, remember that promise?
USA Today has this write up:
Even before Barack Obama took the oath of office, his economic advisers projected that without hundreds of billions of dollars in government spending, the U.S. economy could lose another 3 million to 4 million jobs on top of the 3.1 million lost in 2008.
It turns out they were optimistic. Even with the $787 billion stimulus package that Obama signed in February, more than 4 million jobs have been lost in 2009, the worst year for job losses since World War II. The jobless rate that advisers projected would peak at 8% has topped 10%.
This President wouldn’t know what it takes to create jobs, because after all he’s never owned a business, never ran a business, the only thing to his credit is “community organizer.” It’s going to be LOOONG three years. Is it safe to say Obama has “Out-Jimmied” Jimmy Carter?
Barak Hussein Obama hasn’t accomplished much in foreign policy and economic policy, but the one thing he has accomplished in his first year; he has shattered the spending record for first-year presidents. Quite an accomplishment and I’m sure it’s one he’s very proud of!
President Obama has shattered the budget record for first-year presidents — spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.
In fiscal 2009 the federal government spent $3.52 trillion — $2.8 trillion in 2000 dollars, which sets a benchmark for comparison. That fiscal year covered the last three-and-a-half months of George W. Bush’s term and the first eight-and-a-half months of Obama’s.
H/T Fox News via Lonely Conservative
Way to go Mr. President! I have come to the conclusion that YOU and the rest of goons in Washington are part of the problem and not the solution.
