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: [...]

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 [...]

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, [...]

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 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 $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, [...]

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 [...]

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 [...]

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 [...]

There is potential good news on the horizon.  First though, we’ll summarize recent “stimulus” developments. Last week President Obama was asked why his “stimulus” or recovery act hasn’t slowed the rate of job losses.  His response in part was: “As I’ve said from the moment that I walked into the door of this White House [...]