March saw the strongest job growth rate since May 2007, but the White House is warning Americans that we still have a “long way to go” before the unemployment rate gets back down to levels we’ve become accustomed to in the past three decades. According to Fox News:
Obama’s chief economic adviser Lawrence Summers said on a pair of talk shows that a year after the passage of the stimulus bill, the U.S. economy still has “a long way to go.”
Summers said pushing the unemployment rate down from its current 9.7 percent level won’t be easy.
No, it won’t be easy, particularly since the Democrats and the President have absolutely no interest in taking the steps necessary to encourage economic growth. Read the rest of this entry »
Filed under: economics, Government, taxes, bailout, costs, democrats, fail, jobs, obama, stimulus
Just about everybody realizes that the Stimulus did did not stimulate our economy. In fact, it was probably quite counter-productive, since the borrowed debt and newly printed Dollar Bills have severely weakened the Dollar in comparison to other currencies like the Euro, Yen and Pound Sterling. Now, with the realization fully in the mind of the American people, President Obama and others are suggesting that we pull the repaid from the TARP program and unspent stimulus funds to spend it on “job creation.” Fortunately, some in Washington oppose these ideas.
Pardon me, but wasn’t this what the Stimulus Bill was for? Wasn’t it passed to stem the rising unemployment rate at no more than 8 percent? Shouldn’t the funds in the Stimulus Bill have already been spent “creating” jobs?
The answer, of course, is no. Read the rest of this entry »
Filed under: economics, taxes, wealth, borrowing, debt, keynes, keynesian, stimulus
16 December, 2009 • 21:32
To improve our economy, President Obama wants us to spend tens of billions of dollars on… Caulk.
That’s right. The President believes that both our energy situation and the unemployment issues that far out-strip any projections made by his economic team can be solved by “weatherizing” our homes. All we need to do is hire hundreds of thousands of union laborers to add weatherstripping and caulk to lower our energy costs. This will have a ripple-effect that will resonate throughout our economy and kick-start the jobs machine. To do this, the Stimulus Package already signed into law provided billions of dollars for training workers to install caulk and other weatherizing improvements into people’s homes.
This is all part of President Obama’s “Green Jobs” initiative, which he extensively campaigned on and continues to hold up as the future of our domestic economy. He even went so far as to call insulation “sexy.”
I have a “sexy” idea for President Obama: Instead of focusing on “green jobs,” how about focusing on “jobs?” We can worry about the “green” part when we get back to that 8% unemployment level that he said his magical stimulus would prevent us from ever topping. Read the rest of this entry »
Filed under: economics, environment, Government, politics, taxes, wealth, caulk, copenhagen, economy, fail, manbearpig, obama, stimulus, taxes, weatherize