Thursday, September 08, 2011

A Jobs Speech about No Jobs

When Mr. Obama entered office; he told us unemployment would not rise over 8% if we passed his stimulus. Now his economic advisers have just told us that unemployment will not fall below the 9% mark through next year. As if to underscore the grim news, the latest jobs report—released in time for Labor Day weekend—shows zero net job growth for August. -- WILLIAM MCGURN
After 2 ½ years of spending over a trillion dollars of taxpayers money on road, bridge and bailout projects and after spending seven million dollars of taxpayer’s money on road signs tomorrow night the president will ask Congress for another stimulus package for 300 Billion dollars more spending on road and bridge projects.

This will be the most ridiculous speech of this president’s short career. It is an obvious campaign effort to show Independents that he is at least trying to create jobs thereby,suggesting that he is deserving of their vote in 2012. But, it won't work. Unless of course Independents are weak minded and susceptible to Democrat Jedi mind tricks. And I don’t think they are. Everything that the president will propose tonight he has already proposed and it has already failed. (see2:46min video)

Why do I call it asking for another stimulus package? I call it that because that’s what the president called it when he first proposed spending billions of dollars to road and bridges to put Americans to work. The president will be wasting the American people’s time with more talk about jobs because he has no way to create those jobs. He is out of options because of his previous spending plus that he is out of ideas.

Tonight the American people will finally get some transparency from this non-transparent presidency. That transparency will be that this president has failed to save or create jobs as he promised and it will be transparent that he is asking Americans to continue to allow him to do the same things that he was already done.

Astonishingly, and I hope this isn’t lost on the American people; the pure insanity of it all is he is asking Americans to expect different results this time. (see 5:05min video)

This will be the seventh time this president has attempted to “jump start” the economy with his failed stimulus/jobs ideas. This time will fail like all the other six times if he manages to shame Congress into putting the tax payer on the hook again for the millions of dollars he will ask for tonight. The American people have already foot the bill six times over for the president’s misguided spending spree. (see following)

February 2009
$787 Billion Stimulus Package – Average Americans Bailout
The Obama Administration and Congress authorized $787 billion in spending and tax cuts, primarily to create or save an estimated 3.5 million American jobs.

February 2009
$275 Billion Stimulus Package – Homeowners Bailout
The Obama Administration handed out a $275 billion mortgage stimulus plan, designed to assist more than 9 million American homeowners in refinancing their home loans or averting foreclosure. Of the $275 billion stimulus, $75 billion was allotted for direct spending for keeping people in their homes, and $200 billion came in the form of additional help for Fannie Mae and Freddie Mac. (See above, in the July 2008 entry, for more information on the first economic stimulus package that was awarded to these mortgage giants.)

March 2009
$30 Billion Stimulus Package – AIG Bailout
The federal government intervened once again to help insurance giant AIG, this time in the form of a $30 billion loan from TARP funds. (See above in the September-November 2008 entry, for more information on other AIG bailouts.)

March 2009
$15 Billion Stimulus Package – Small Business Loans
The Obama Administration introduced a $15 billion economic stimulus venture aimed at the small business lending market to get money flowing into small business lines of credit again.

March 2009
$1 Trillion "Toxic Asset" Program – Banks Bailout
The Obama Administration launched a public-private economic stimulus venture (involving the U.S. Treasury and FDIC) to try to get toxic assets off the balance sheets of banks so that they can return to normal lending practices March 2009.

March 2009
$22 Billion Stimulus Package – Automakers Bailout
The Obama Administration extended another $22 billion in loans to Chrysler and GM, this time, with strings attached, including the firing of General Motors Chairman Rick Wagoner.(source)
William McGurn wrote this, “Even with the word "stimulus" banished from his remarks this week, no one will be fooled by new calls to "invest" in roads and bridges and infrastructure. Or by the expected hodgepodge of other proposals from extending the payroll tax holiday to tax credits for new hires.”

Unfortunately, there are plenty of people who want to be fooled. Call them partisans or call them Democrat acolytes. They are the same ones who declare war against the Tea Party. They are the same ones who bare false witness against Tea Party-Americans by calling them racists and terrorists.

They are blind. They are impervious to the president’s failures. They chant, “Four more years” as if four more years of this president would not be a curse. Four more years of president Soetoro would be the very curse that the president’s pastor of 20 years, Rev. Jeremiah Wright, pronounced on America.

Tonight's speech will not be about jobs, tonight’s speech will be about Barry Hussein Soetoro's reelection.

Finally, the president can’t produce the former and by all present indications neither will he be able to produce the latter. The president speech will be a jobs speech about no jobs.

When the president is done most likely, he will have talked himself out of his.

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