Deficit grows $90 billion a month under democrat rule
Filed under: Culture of Corruption, Politics, economy
Daniel Foster points out the democrats spendthrift ways:
That means that over twelve years of Republican rule, there was an average annual budget deficit of about $104 billion. Compare that with an average annual deficit since 2008 of $1.074 trillion — or about $90 billion per month.
For those of you with bad math skills, let me sum this up for you.
Every month, the democrats come within 90% of increasing the deficit of what it took the Republicans an entire year to do.
Republican and fiscal conservative voters removed the Republican party from power because that party was spending too much money, putting a burden on the economy and not holding back government growth.
Independent fiscal conservatives, including many who are registered as democrats, are not going to reward the democrat party with their votes in 2010 for behavior that is much, much worse than what the Republican party did.
Not the change you were looking for
Filed under: Culture of Corruption, Our Dear Leader, Politics, economy
As I have pointed out before, our Dear Leader‘s “jobs created or saved” numbers are smoke and mirrors at best.
So how is the Obama White House going to deal with the case of fraud they tried to foist on the American people? Well, based on past behavior, openness and transparency wasn’t anywhere on their list.
Brett Blackledge, of the AP, explains how Team Lightbringer is going to hide their incompetence now.
The White House has abandoned its controversial method of counting jobs under President Barack Obama’s economic stimulus, making it impossible to track the number of jobs saved or created with the $787 billion in recovery money.
Despite mounting a vigorous defense of its earlier count of more than 640,000 jobs credited to the stimulus, even after numerous errors were identified, the Obama administration now is making it easier to give the stimulus credit for hiring. It’s no longer about counting a job as saved or created; now it’s a matter of counting jobs funded by the stimulus.
That means that any stimulus money used to cover payroll will be included in the jobs credited to the program, including pay raises for existing employees and pay for people who never were in jeopardy of losing their positions.
That’s right. The “open and transparent” Obama administration is now going to take credit for “saving or creating” jobs that already exist.
What is clear, is that Obama’s team of Socialists are trying desperately to hide obvious fact that the democrat “porkulus” bill was an utter and complete failure at the stated goal of “stimulating” the economy. It has been a job killer, not a job creator, and the Team Lightbringer and their co-conspirators in the democrat congressional “leadership” are now trying to make it impossible to accurately track the effect of their pork laden payouts have on the job market, and the economy.
It’s a question of competence
Filed under: Culture of Corruption, Our Dear Leader, Politics, economy
The Obama White House has failed multiple instances of basic core competence.
Then there was the embarrassing list of items that were being funded by the Porkulus program, which included:
- $430,000 to repair a bridge in Iowa County, Wis., that carries 10 or fewer cars per day.
- $800,000 for the John Murtha Airport in Johnstown, Pa., serving about 20 passengers per day, to build a backup runway.
- $219,000 for Syracuse University to study the sex lives of freshmen women.
- $2.5 million in stimulus checks sent to the deceased.
Now, according the the recovery.gov website, built at the cost of millions of tax payers dollars, $6.4 billion of that democrat porkulus bill has been spent in congressional districts that don’t exist.
In the non-existent 14th congressional district alone, the Obama administration claims to have spent $617,848 in order to “create or save” five jobs. That is $123,569.60 per job, in a part of America that doesn’t even exist.
You can bet that this buck won’t stop at our Dear Leader’s desk. Nope, he’s going to pass this steaming pile of incompetence on to his good buddy, Joey Biden. Yup, the man a heartbeat away from the Oval Office was in charge of implementing the Porkulus program, and he has managed to screw that pooch royally.
No Recession at the Obama White House, Part III
Our Dear Leader will take a break from trying to destroy the US economy by vacationing in a $20 Million dollar rental home on 28 acres of prime Martha’s Vineyard real estate..
Nothing is too good for our Dear Leader while his misguided policies force unemployment toward 10% and beyond!
Evaluating the Stimulus effect
Filed under: Culture of Corruption, Our Dear Leader, Politics, economy
Our Dear Leader and his democrat cronies are backpedaling and trying to lower expectations on their massive porkulus program funded by skyrocketing massive federal debt.
The fact that the pork ladened democrat driven stimulus bill is not stimulating the economy or creating jobs shouldn’t be a surprised.
Harvard economics professor Greg Mankiw pointed out back in January that almost two thirds of the stimulus money is not scheduled to be spent until after 2010. For Americans suffering under the Obama Economy, that is not good news. It is clearly designed to delay economic benefit until the beginning of the 2012 election cycle.
It isn’t helping the economy now, because only 8% of the one trillion dollar porkulus program is scheduled to be spent in 2009! We are now learning that the money is being spent much more slowly than planned, and appears to be directly funded to areas and organizations that were strong supporters of our Dear Leader. Yup, hardly surprising that there is more than whiff of corruption associated with the democrats porkulus program.
It’s interesting to look back at what the Congressional Budget Office had to say about the economy back in February. They projected an unemployment peak of 9.2% hitting in early 2010. That was if the federal government kept its mitts off the economy. Given the liberal democrat meddling, we hit 9.5% at least six months early. The CBO predicted that the economy would be on the mend by late 2009. So it is clear that our Dear Leader‘s meddling has made things worse for the American people.
The important thing to remember is that Obama’s goal is not to fix the economy, but to fundamentally change the role of government in the United States of America.
Update: Keith Hennessey has an excellent fisking of our Dear Leader’s statement on the economy.
No recession at the White House, Part II
Part I was our Dear Leader’s wife venturing out casually wearing $540 French designer sneakers.
Now it’s a tax payer funded “date night” trip to New York City on Air Force One our Dear Leader and his wife, while unemployment is climbing to Carter Era levels and Government Motors is expected to file for bankruptcy on Monday.
Our Dear Leader was “ready to rule on day one“, what he wasn’t ready for was to be the President of the United States of America.
No recession at the White House
Our Dear Leader & his wife are not feeling any pinch due to the current economic downturn (Thank you very much Barney Frank).
This is made quite clear by our Dear Leader‘s wife venturing out casually wearing $540 sneakers.
Way to show that our so called “leaders” are completely out of touch with the problems of everyday Americans.
Update:Smell the hypocrisy as we recall the left’s ranting over Senator McCain’s shoes, and complete lack of outrage from the DNC/MSM over our Dear Leader‘s wife wearing $540 designer sneakers from a Paris line. The only sound from the leftist media is the fawning over her ‘fashion sense.‘