The White House claims 150,000 jobs have been “created or saved.” But since February, the nation has lost more than 1.3 million jobs. The current 8.9 percent unemployment rate in the wake of stimulus passage is worse than the 8.8 percent unemployment figure Obama’s economists darkly predicted if Congress didn’t immediately adopt their recovery plan. (See Innocent Bystanders.)
Washington told us the “stimulus” projects were “shovel-ready” and would provide immediate relief. They’re not. The New York Times notes that the program “has paid out less than 6 percent of the money, largely in the form of social service payments to states.”
Democrat leaders baldly claimed that “There are no earmarks” in the bill. But untold tens of millions of dollars are headed to pet projects such as skateboard parks, tennis and basketball court renovation, the National Zoo, the $11 million Bridge to Microsoft, and Pennsylvania King of Pork Rep. John Murtha’s ghost airport to nowhere.
How about “Social Security?” There’s nothing secure about it. While Senate Majority Leader Harry Reid scoffed during the Bush years that “the so-called Security crisis exists in only one place – the minds of the Republicans,” the insolvency problem festered. Now, the Obama administration reports that both Social (In)security and Medicare are hurtling toward bankruptcy far sooner than previously estimated. The “trust funds” exist only in the minds of the deluded.
Yup, that’s right, democrat Senator Harry Reid lied to the American people. Instead of telling the truth, he used Social Security as a political tool to attack his enemies rather than do what is best for America. Nobody paying attention should be surprised by this.