Stimulus Results Vs Obama Promises

Today the President trumpeted the slight down tick in the unemployment rate from October to November as “another hopeful sign” that his $787 Billion “stimulus” program was working.  He said the unemployment statistics released today were the best since 2007.  He called it: good news, just in time for the Season of Hope He was […]

The Catastrophe Obama Predicted Is Upon Us

In January President Obama’s economic team published a report, including this chart, predicting the number of jobs that would be created “or saved” by borrowing and spending $787 Billion on so-called “stimulus,” also called the Recovery Act. Blinded by their own hubris, Obama and the report’s authors promised exactly 3,675,000 jobs would be created by […]

After 8 Months of Stimulus 3.4 Million Fewer Jobs

In January Obama’s economic team published a report, including the above chart, predicting the number of jobs that would be created “or saved” by the “stimulus” $787 Billion of borrowing and spending. The report authors, through a series of assumptions, estimates, projections, purported to determine the total at 3,675,000 jobs.  They even included figures by […]

Stimulus Month 7 Update: 3.1 million lost jobs

Recently, President Obama, his various spokesmen and his media supporters donned their Econ professor hats to tutor us from history that re-employment has always been a “lagging indicator” as recessions end and recoveries begin.   True enough. But that’s not what they said in January and February.  Back then, when they were furiously selling the stimulus, […]

25 Weeks of Obama Stimulus to Save Jobs

The $787 Billion Stimulus was enacted by Congress on February 13, after President Obama, Democrat leaders and most of the media assured us that massive new borrowing and spending would immediately halt job losses.  Passing the stimulus was treated as an emergency.  Congressmen and Senators voted without reading the final version, before it was even […]

The Obama Stimulus to Save Jobs: Progress Report

The $787 Billion Stimulus was enacted by Congress on February 13, after President Obama, Democrat leaders and most of the media declared that massive new borrowing and spending would immediately halt job losses.  Passing the legislation was treated as an emergency.  Congressmen and Senators voted without reading the final version, before it was even printed, […]

Live! It’s Obama Night! “I’ll Be Honest With You”

President Obama’s plan for Wednesday night’s press conference was to urge us to support his urgent, health care legislation, some thousand pages of new regulations and new bureaucracies and new federal power.  He wants Congressmen and Senators to treat health care as an emergency, and vote for the legislation immediately, without reading it, or publishing […]

Obama Recovery Act Fails

President Obama and the media make extravagant promises of incredible benefits if we The People submit to permanent expansion of government’s power and cost: If the government borrows and spends Trillions on health care now it will save Trillions later. If we let government take over health care you can keep your existing health insurance […]