Archive for the ‘Stimulus Waste’ Category

White House Economic Advisor Resigns

Friday, August 6th, 2010

Anyone remember all of those rosy promises of the stimulus package President Obama signed into law within weeks of taking office? Sure we were laying out over $878 billion in government spending (over $1 trillion after interest is taken into account) but desperate times called for desperate measures. Without the massive stimulus, we were destined for an economic depression and unemployment over 9%. However, if we allowed the Democrats to borrow and spend as they wished, unemployment wouldn’t rise above 8% and we would “create or save” millions of new jobs within the first year after it went into effect. Even though basic economics dictates this scheme would never work because government money has to be confiscated from the productive private sector in order to spend it elsewhere, the White House clung to their promises and led congressional Democrats to pass the stimulus package.

Now, over a year after the passage, unemployment is stuck at 9.5% and the only reason it isn’t higher is because chronic unemployment is so bad that each month more and more of the unemployed have become so discouraged with the bleak job environment that they have completely given up and withdrawn from the official workforce. Thus, the total number of unemployed actually decreases because the discouraged unemployed are no longer included as part of the job pool. If we were to add discouraged workers back into the workforce, unemployment would currently stand near 17%.

Last night, news hit that Obama’s chief economic advisor, Christina Romer, who was responsible for making the extravagant promises about the stimulus package announced that she will be resigning. There are reports that she has not been happy for quite some time from feeling as if she doesn’t have enough direct access to President Obama. Either way, she is out and now we have to wonder what genius will step into her place.

After watching President Obama spin the jobless numbers released today, it’s a safe bet that Romer isn’t being forced out for making outrageous promises. Nothing new is going to come out of this White House until the voters make a change in November 2012. All we can do in the meanwhile is work to take Obama’s congressional rubber stamp away this coming November by replacing his Democrat “yes men” currently leading both chambers.

Obama’s Stimulus Promises from April v. Stimulus Promises Now

Wednesday, July 22nd, 2009

The GOP has a new ad comparing the president’s descriptions of his non-stimulating $1 trillion stimulus plan immediately after it was passed to the latest explanations that it was “never intended to work in four months.” It’s pretty obvious that B. Hussein’s stimulus plans were inept at best and out-right deceptive at worst. Now, he wants us to believe that he can actually improve health care even though none of his other initiatives have panned out as he promised.

More Trouble for Inspectors Generals

Monday, June 22nd, 2009
Gerald Walpin may not be the only inspector general forced out by the Obama administration.

Gerald Walpin may not be the only inspector general forced out by the Obama administration.

American Thinker reports today that Fred Wiederhold, inspector general for AMTRAK has suddenly decided to step down. Citing an article in the Boston Globe, AT said that AMTRAK officials confirmed that Wiederhold, who has overseen AMTRAK for the last 37 years, has stepped down to be replaced by acting Inspector General, Larraine A. Green. No details have been given on Wiederholder’s decision.

This is the third inspector general to be replaced in the last three weeks. AmeriCorps IG, Gerald Walpin, was ordered to resign within an hour or be fired by the Obama administration two weeks ago and the IG of the Internatinoal Trade Commission was told her contract would not be renewed. Considering the circumstances surrounding Walpin’s firing, it’s very alarming that there seems to be a concerted effort to replace IG’s who may not be willing to sacrifice their independence in favor the Obama’s agenda.

If George W. Bush were still in office, every news source in the nation would be crying foul and seeking investigations. However, with B. Hussein Obama calling the shots, all of this is just considered business as usual.

This is Obama’s Idea of a “Stimulated” Economy?

Wednesday, May 27th, 2009

Is anyone ever going to make the simple request that the White House be truthful? Speaking in Nevada today, President B. Hussein Obama made the outrageous claim that the stimulus has “created or saved 150,000 jobs.” Vice President made the same ridiculous claim in a speech on May 14 and it was just as untrue as it was today.

Is anyone listening to the nonsensical claims from the president? Biden's not the only gaffe machine.

Is anyone listening to the nonsensical claims from the president? Biden's not the only gaffe machine.

Unemployment in the US has steadily increased since the passage of the non-stimulating, pork-laden economic “stimulus” package was passed. In making his case for the package, Obama claimed that the bill would keep unemployment around 7.8% by the end of April. The president then explained that without the bill, unemployment would explode to 8.7% in the same timeframe. Well, Congress quickly passed the spending bill before even allowing a single legislator to read the entire thousand-plus-page tome. Now that May is drawing to a close, unemployment stands at a current rate of 8.9%, well over the rate that Obama said required the stimulus package to avoid.

 

 

Since February, there have been about 1.5 million jobs lost with another 500,000 coming each month. This shows how blatantly dishonest the Obama administration’s claims about 150,000 jobs being “created or saved” by the nearly $1 trillion in stimulus package. Unemployment is over a full percentage point higher than the rate Obama claimed would result from passing the stimulus. It’s obvious that the stimulus was a failure.

Even if we were to accept that Obama has created or saved 150,000 jobs, then that means that the economy has lost 10 jobs for every one saved. If that’s this administration’s idea of helping the economy, the US economy is doomed.

Taking that the Democrats still cling to the belief that Bush lied about everything while in office with little proof, it’s especially interesting to see how Obama flagrantly takes liberties with the truth concerning all of the actions he has taken.

Is this Another “Get Out the Vote” Initiative?

Friday, May 15th, 2009

Residents in this cemetery might still have their check in the mail

This cemetery's residents may have stimulus checks in the mail.

 

Across the nation, voter rolls are filled with names of voters who are now deceased. Amazingly, in every election many of the dead people listed in the voter rolls actually cast votes. Now, this underserved voting demographic is getting some federal assistance. The non-stimulating, economic “stimulus” package provided for $250 checks to be sent to social security recipients. However, it’s becoming apparent that millions of taxpayer dollars are actually being sent out to social security recipients who passed away many years ago. There are stories from around the nation of family members receiving checks addressed to their departed relatives. Perhaps the most extreme example to come to light so far was that of James Hagner who received a check made out to his mother. Hagner is 83-years-old and his mother, Rose, died on Memorial Day in 1967. That’s correct, she died over 40 years ago but she still received a check from the economic stimulus package. Social Security representatives estimated that at least 10,000 checks were sent to dead people. While Rose hasn’t voted since her death, it’s nice to know that politicians in Washington are working for her support should she ever decide to cast a vote from beyond the grave. (more…)