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Old 07-22-2009, 09:13 AM
Location: Chicagoland
41,314 posts, read 37,564,848 times
Reputation: 7100


Pray tell, how have they "rescued" the economy?

The American Spectator : Obama Is Delaying the Economic Recovery

Stretches of the country can be considered in a depression, with the unemployment rate for Michigan at 15.2%, California 11.6%, Nevada 12.0%, Oregon 12.2%, Ohio 11.1%, North Carolina 11.0%, South Carolina 12.1%, Kentucky 10.9%, Tennessee 10.8%, and Indiana 10.7%. Over 100 urban areas now have unemployment rates over 10%.
The numbers would be even higher if they included those who have stopped looking and those who have taken part-time jobs.

Remember this?

When President Obama was hawking his stimulus package costing the American people close to $1 trillion with interest, he told us that it would prevent the unemployment rate from rising above 8%. If we didn't pass it, he said, unemployment would go to 9%.
And this?

Once the stimulus passed, Democrats said the impact would be practically instant. House Majority Leader Steny Hoyer (D-Md.) predicted "an immediate jolt." Economic adviser Larry Summers said, "You'll see the effects almost immediately." White House Budget Director Peter Orszag said it would "take only weeks or months" to be felt.
Indeed, it was obvious from the beginning that the stimulus as designed was going to create or save exactly zero jobs, because it was based entirely on old-fashioned, throwback, Keynesian economics, proven not to work over and over. The stimulus package involves just borrowing a trillion dollars from the private economy to increase government spending in the economy by a trillion dollars.
In other words, not really a stimulus at all - but we knew that, we (and a bunch of experts) warned that it wasn't.

Great article - for those who can take a little truth in their lives. Not the kind of "truth" peddled by Bagdad Rahm, though.
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Old 07-22-2009, 09:14 AM
7,136 posts, read 12,651,507 times
Reputation: 2309
Originally Posted by ATXIronHorse View Post
Rahm should just cut the president out of the loop. I mean, why have him at all? He can just release to the press the text he'd otherwise have Obama regurgitate from a teleprompter and call it a day.

Bam is their upfront Pretty Boy, always good for a duped public. Guess he let his handlers down on this one. Maybe the dull, bleary-eyed folks are finally gonna wake up, huh?
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Old 07-22-2009, 12:02 PM
Location: Chicagoland
41,314 posts, read 37,564,848 times
Reputation: 7100
Priceless; Please, please, please do include this line in your presser tonight.

Breitbart.tv GOP Leader Mocks White House Claim That They ‘Rescued the Economy’

YouTube - Boehner to the White House: I Don't Believe the Economy Has Been Rescued
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