Tag Archives: Economy

Obama loses 2.5 million jobs, 9.5% unemployment, worst in 26 years

When Democrats talk about economic policies, they don’t actually know what they are talking about. They just make up numbers and conducting kabuki-theater townhalls with pre-screened questions from hard-core Democrat activists. They’ll say whatever is necessary in order to maintain power.

Want proof?

Here’s proof from the Heritage Foundation. Democrats promised us that if their pork-filled spending bills were passed, that unemployment would be much lower than if we did nothing at all. But guess what? They passed the spending bills and unemployment is MUCH HIGHER now than if we had done nothing at all.

Obama caused us to have much higher unemployment than if we had not spent a dime
Obama's massive spending bills caused us to have a much higher unemployment rate than if we had not spent one thin dime

That means that we are now stuck with trillions of dollars in spending, massive budget deficits and a ballooning national debt. And not only did it not help unemployment, it actually HURT the unemployment rate.

Heritage writes:

In January, President Obama pressed for an $800 billion economic “stimulus” package to turn the economy around. Though the bill largely consisted of increased spending on traditional liberal priorities, the President claimed that it would “create or save” 3.5 million jobs. The President’s economic advisors predicted that unemployment would rise to 9 percent by 2010 if Congress did not pass the stimulus bill, but that with the stimulus unemployment would stay below 8 percentage points.

Congress passed the stimulus bill in February 2009 and the President has repeated his claims. President Obama recently said that the stimulus bill has already created or saved 150,000 new jobs and that it will “create or save” another 600,000 jobs by the end of the summer. Asked when the public should begin to judge the effects of the stimulus, White House Press Secretary Robert Gibbs said “I think we should begin to judge it now.”

Surprise! You can’t borrow and spend your way out of debt. Maybe having rich parents is not the best preparation for higher office, yes?

Where is President Bush when you need him?

Comparison of Bush and Obama unemployment rates
Comparison of Bush and Obama unemployment rates

Bush “spent” money on trillions of dollars in tax cuts. That’s how you stimulate an economy. Put the money back in the private sector – in the hands of working families and businesses – not in the hands of bureaucrats.

How out-of-touch are the Democrats?

The Wall Street Journal reports on how sincere the Democrats are in their empathy for the common man. (H/T Hot Air)

Excerpt:

The spending on overseas travel is up almost tenfold since 1995, and has nearly tripled since 2001, according to the Journal analysis of 60,000 travel records. Hundreds of lawmakers traveled overseas in 2008 at a cost of about $13 million. That’s a 50% jump since Democrats took control of Congress two years ago.

The cost of so-called congressional delegations, known among lawmakers as “codels,” has risen nearly 70% since 2005, when an influence-peddling scandal led to a ban on travel funded by lobbyists, according to the data.

Although complete travel records aren’t yet available for 2009, it appears that such costs continue to rise. The Journal analysis shows that the government has picked up the tab for travel to destinations such as Jamaica, the Virgin Islands and Australia’s Great Barrier Reef.

People are suffering under a recession caused by the Democrats and they just keep collecting and spending more and more of our money!

We knew that Democrats would do this: we had access to their voting records, their pork and earmark records, their records on spending, waste and other issues. People who studied their voting records and voter guides knew that Democrats would mess up the economy.

The Republican response

Read this statement by Eric Cantor and you will hear a completely different attitude from the Democrats.

Excerpt:

“First and foremost, the American people are concerned about the economy, job creation and the unsustainable debt obligations incurred in the last 6 months.

Beginning in January, House Republicans laid out a serious and substantive agenda that put jobs first. House Democrats, along with the White House, instead took an unfocused, ‘go it alone’ approach that has fallen well short of its goals and has failed to create jobs.

“Inexplicably, instead of focusing on jobs and restoring the financial security that has been lost by millions of struggling families, the President continues to push an agenda that the majority of Americans are uneasy with. The American people do not support a government healthcare plan that will increase costs, reduce patient choice and flexibility, and lower the quality of care available in our country. The American people do not support the radical Cap & Tax plan which will impose a hard-hitting tax upon families and small businesses costing our struggling economy thousands of jobs.

“As job losses continue to mount, families’ worries about losing their healthcare, paying their mortgage, and sending their children to college continues to intensify. Employment must be our focus, yet Speaker Pelosi and the unchecked Democrat majorities continue to increase Washington’s hand in the free market, at the expense of job creation. At some point, even the Speaker must realize that enough is enough.

Mike Pence gives his assessment of the situation here.

The Democrat war on science destroys our prosperity and our consciences

Here are a couple of stories from IBD showing how the secular-left twists science in order to advance their socialist policy.

Obama’s cap-and-trade bill

The story is here. (H/T The Chilling Effect)

All Americans in the Midwest, South and Rocky Mountain regions will be most drastically affected because the climate change legislation will destroy the nation’s coal industry and the low-cost electricity it has provided to these regions for generations.

Wealth will be transferred away from almost every state to the West Coast and New England.

…Reliable estimates show that this bill will cost each American family at least $3,000 more in energy costs each year, notwithstanding the $2 trillion cost to the economy in just eight years.

…All these countries have stated that they will not place any restrictions on carbon dioxide emissions. China alone, which has surpassed the United States in carbon dioxide emissions, brings a new 500-megawatt coal-fired power plant on line every week. They will have low-cost electricity, and America will massively export more jobs to them.

I blogged here about the costs of this energy tax in more detail.

Stem-cell research

The story is here.

Excerpt:

Inspectors general are apparently not the only ones to pay for annoying the White House by doing their job. The 18-member council existed to provide the president with advice on the moral and ethical implications of the rapid advances in science and medical research. It exists no more.

The council existed to ponder whether we should do something just because we can. Apparently President Obama wanted not advice but agreement on such matters, particularly with regard to one of the panel’s areas of interest, embryonic stem cell research. So he has fired them.

Reid Cherlin, a White House press officer, told the New York Times that Obama saw the panel as “a philosophically leaning advisory group” handpicked by the Bush administration, and that he wanted to appoint a new bioethics commission that instead offered “practical policy options.”

I blogged here about the advantages of adult stem cell research compared to embryonic stem-cell research.

How much profit does the non-profit Planned Parenthood make?

This article from the American Spectator provides the answer.

Excerpt:

Left-wing activists are indignant at obscene oil company profits, hefty CEO bonuses, and sweet golden parachutes — but what about expansion of the No. 1 violator of human rights in the United States?

No, it’s not Dick Cheney and the CIA. It’s Planned Parenthood. The abortion giant took home $85 million in “excess of revenue over expenses” (a nifty way of saying profits) and had an operating budget of over $1 billion for the 2007-2008 fiscal year, according to its latest annual report. Included in that budget was $350 million in “government grants and contracts” (an equally nifty way of saying your tax dollars). An increase in the number of abortions performed helped fuel the profits.

Should government money be going to special interest groups that helped Obama to get elected?

Uncle Sam helps, too. The federal government has morphed into Planned Parenthood’s sugar daddy, and the co-dependency is only going to get worse in the age of Obama. Fully one-third of the organization’s revenue last year came from the government, compared with less than one-fourth from private contributions. If Planned Parenthood can’t get your money voluntarily, its advocates in Congress will coercively.

That’s why limited government advocates have a stake in the pro-life cause. On April 15, over one million Americans flocked to state capitals, public parks, and town halls to protest runaway government spending — and rightly so. Although most of the movement’s furor was directed at bailouts and stimulus packages, government’s love tryst with the abortion lobby should be exhibit A in the tea partiers’ future arsenal.

The first target should be Obama’s executive order rescinding the Mexico City Policy, which had ensured that American taxpayer funds would never be used for overseas abortions. The move didn’t get much ink because of the media’s preoccupation with the economic crisis, but it stands as an example of both Obama’s abortion radicalism and intention, even in a troubled economy, to throw public money at groups that helped him get elected.

Yet another reason why fiscal conservatives should be social conservatives.

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