Thursday, April 29, 2010

Economist: Stimulus didn’t help

Obama fails to deliver on his promises
These numbers are way too low. The government fakes the analytical process to keep them low. According to some Federal Reserve officials, the real unemployment rate is 16%! (Source)

About 73% of [the National Association for Business Economics] surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act
What does Barry Hussein Soetoro do better than blaming George W. Bush or wink, wink blaming the previous administration? That’s right the president takes undeserved credit better than any other president in the history of the United States of America. Can anyone say Nobel Peace Prize.

According to Associated Press writer Julie Pace the president will soon be traveling to Iowa, Illinois and Missouri, in an attempt to take credit for an economy that he says is improving. (see article)

NABE conducted the study by polling 68 of its members who work in economic roles at private-sector firms. About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act, which the White House's Council of Economic Advisers says is on track to create or save 3.5 million jobs by the end of the year.-- Hibah Yousuf, CNN Money

Although there are some who say that the economy is showing some signs of improving there are others that say that nothing that the president has done had anything to do with an slightly improved economy. (see article)

But that won’t stop the president from saying that he brought the country from the brink when he knows that the only things that will restore the nation’s economy are jobs-jobs that have not been produced nor will they be.

The $787 billion dollar stimulus was supposed to keep unemployment under 8%. Unemployment reached over 10% and is presently at 9.7% and now economist say that the stimulus did next to nothing to help the economy.

The recovery is picking up steam as employers boost payrolls, but economists think the government's stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.-- Hibah Yousuf

It is absolutely critical for the Soetoro administration that voter’s perception of the Soetoro administration’s role in fixing the economy is favorable to the president. This is necessary so that Liberals can maintain and increase their political power even if perception is not reality.

The reality is the stimulus package was never meant to create or save jobs. The $787 billion dollars was meant to fund the 2010 and 2012 elections and keep Liberal Democrats in power. I suppose that we will  see how effective Democrats will be in propagandizing the apparent economic up turn starting in November.

1 comment:

  1. B. Johnson6:05 PM

    I disagree that Obama is failing to keep his promises. After all, Obama's progressive supporters for whom the stimulus was presumably intended undoubtedly regarded Obama's promises to them as having been kept on the day that Obama signed the stimulus into law. /sarc off