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 […]

Obama Stimulus: 32 Weeks of Record Job Losses

The $787 Billion  Obama Stimulus, AKA Recovery Act, was enacted in February, in an atmosphere of urgency and panic, by Congressmen and Senators who did not read it.  President Obama’s promise was an immediate halt in job losses and resumption in job creation. Last January 9 President Obama commented on job losses during December, 2008: […]

Obama Stimulus Catastrophe: Week 30

The $787 Billion  Obama Stimulus, AKA Recovery Act, was enacted in February, in an atmosphere of urgency and panic, by Congressmen and Senators who did not read it.  President Obama’s promise was an immediate halt in job losses and resumption in job creation. These numbers represent extraordinarily high job losses. Last December was the first […]

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 […]

ObamaNomics: Less Is More, Some Was None

The last economic downturn began in late 2000, with job losses starting in February, 2001 and accelerating after the terrorist attacks of 9-11-01. The only “stimulus” was sweeping tax rate reductions, a strategy that had proved successful when implemented by Presidents Kennedy and Reagan. Fifty two months of continuous Job growth began in September of […]

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: Stimulus Hoax “Worked as Intended” (2)

The first Stimulus Hoax article (scroll down or click here) we compared the wild promises President Obama made in January to sell his “stimulus,” with his much more sober and pessimistic comments after almost five months of continuing, catastrophic job losses.  We included charts showing rapidly declining employment in the private sector, especially in heavy […]

Krugman Rides The “More Stimulus” Wave

Supposedly, columnist Paul Krugman is credible because he’s an economist.  While he has an economics degree and experience working as an economist, his opinions are rarely based on any valid economic data or principles. Today Krugman notes the Obama stimulus plan has not done what the President and his supporters in the media said it […]

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