Posted on 02/13/2010 5:28:49 AM PST by Raquel
The President and Congress poured close to $800 billion into the country in last years Stimulus Bill meant to create jobs and spur a spiraling economy. Supporters of the bill say it saved us from delving further into economic downfall and using the Obama saved or created model claim it saved or created fill in the blank it could be any number jobs. Most economists (unless you work for the White House) call it an ineffective spending free- for- all that has created zero jobs, increased unemployment rates to double digits, and shot the deficit to an all time high.
This years Jobs bill will cost an estimated $85 billion and despite the different catch phrase, it will do essentially the same thing with less moneywhich is funnel billions of dollars to state governments to fund entitlement programs and further extend unemployment benefits. Add several hundred pork barrel spending gimmicks by politically connected officials on dumb wasteful pet projects that will not create a single job in the private sector, the sector of the economy that accounts for 80% of all new jobs, and we have an unemployment catastrophe on our hands - yet again.
But is the federal government capable of creating jobs in the private sector anyway? Can the feds be the invisible hand an economy relies on? The answer is no and no. It is so simple a twelve year old can figure it out if given all the facts, and maybe its just arrogance rather than stupidity on the part of the President, but spending money doesnt save money and creating jobs are better left to the free market. The Labor Department indicated in its report, that 20,000 jobs were lost in the month of January 2010 alone.
(Excerpt) Read more at raquelokyay.com ...
Iowa Freepers need to create a handwritten letter and mail it to Senator Grassley TODAY!! Sent mine yesterday telling him that government isn’t the solution to the problems that government is creating.
Told him that next election cycle that I would be voting for the conservative candidate.
It’s not arrogance, stupidity, cluelessness or incompetence. This administration is populated by serial liars blinded by ideology and who have a laser focused agenda to bring this country to its knees. They’re doing a pretty good job of it too and will continue to do so as long as the gullible continue believing the lies. How do like that ‘fundamental change’ so far?
PING
Thanks for the ping. Fasten your seat belt.
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