The purpose of the original chart (all the blue parts) and the report it came from was to help sell the “stimulus” package, or “recovery plan,” by planting in the public mind the perception that experts had done the math and knew how the government could “save or create 3.5 million jobs,” by borrowing and spending nearly $800 Billion. In a televised address President Obama claimed:
“The report confirms that our plan will likely save or create three to four million jobs. 90 percent of these jobs will be created in the private sector – the remaining 10 percent are mainly public sector jobs we save, like the teachers, police officers, firefighters and others who provide vital services in our communities.”
The chart and the light and dark blue lines were copied directly from the report. Everything in red was added by Liberty Works.
Our red bar showing the actual unemployment rate overlays the chart’s lines that track the predictions of the Obama economic team. The actual rate, 8.9% is a full point higher than the President and his team promised it would be, even though Congress did enact the stimulus/recovery just three weeks after inauguration. In fact, it’s even higher than the economic team predicted it would be if no stimulus were enacted.
The difference between promises and and actual results equals an additional 1.5 million jobless men and women.
For a century so-called “progressives” have promoted expansion and consolidation of power, authority and wealth in the central government in Washington. Centralized power that overwhelms state and local government, and individual liberty, is a violation of both the spirit and the plain language of the U.S. Constitution. Yet The People have elected and reelected politicians who have made federal powers and budgets so vast and opaque they are beyond comprehension or management.
Each new generation of voters has been deceived by politicians who promised that more of their earnings paid in taxes to fund more federal power would provide greater prosperity than they could earn for themselves, working and interacting in a market economy.
- control, restrict and ration medical services,
- artificially increase the cost and decrease the supply of energy,
- partially nationalize the financial sector and domestic auto companies
- coerce millions into involuntary union membership, and
- federalize K-12 education.
Individual liberty and free markets, the foundations of our prosperity and success as a nation, are at risk.
The President claims his government take-over of health care will “save each family $2,500,” and save the government Trillions, even as it expands to cover 150 million Americans whose medical services are now paid through private insurance.
He claims, in the same self-assured tones, that massive new government intervention to increase the cost, and reduce the supply of energy will create “green jobs,” either 4 million, 5 million, depending on which of his speeches you believe. Of course he doesn’t mention the millions of jobs that will be lost because of escalating energy prices.
If we the people permit Congress to pass the Obama agenda, we will, once again, learn the hard way, as we have with the stimulus/recovery plan, that politically inspired economic projections don’t come true, but the negative consequences of bureaucratic supervision and lost liberty always emerge, after it’s too late to stop the federal power grab.