Skip to comments.Excerpt from Grover G. Norquist and John R. Lott Jr.'s new book -- 'Debacle'
Posted on 03/15/2012 4:07:43 PM PDT by Bobbys1963
Chapter 3: The Stimulus Made Things Worse
What Was Promised
The overall impact on jobs saved or created is just about what was predicted. Austan Goolsbee, the head of President Obamas Council of Economic Advisers, December 3, 2010
Even before the 2010 midterm elections, with Democrats controlling massive supermajorities in both the House and Senate, President Obama had passed five stimulus and jobs bills. If you add up the promises, he boldly promised well over 5.5 million jobs created or saved. But reality turned out very differently: There were 2 million fewer people working in September 2011 than when Obama took office. On top of that, population growth by itself should have generated more than 3 million new jobs.
President Obama claims that instead of our economy being short more than 5 million jobs, things would have been even worse without his policies. According to him, we would have lost 10.5 million jobs without all of his spending. No matter how bad the job numbers get, Obama points to some hypothetical economic meltdown that was avoided by his policies. Thus, no evidence whatsoever, no matter how bad the news, can be used against him.
With the different Stimulus and jobs programs, it is hard to remember all the promises and to keep track of where the money has gone. There was the massive $825 billion Stimulus that was supposed to create or save 4.1 million jobs. The cost was originally supposed to be $787 billion, but the programs cost more than planned. Then there was a string of smaller ones: the $38 billion Hiring Incentives to Restore Employment (HIRE) Act of 2010, which was supposed to create 300,000 jobs, and the $26 billion Public Sector Jobs Bill of 2010 that was promised to create or save another 300,000 jobs. .
(Excerpt) Read more at foxnews.com ...
If John Lott is writing it, I’m reading it.
You have that right! Norquist is a islam/muslim boosting scum. He is married to one. He is the founder of the islamic institute. He is an agenda setter, lobbyist, fund raiser and overall heavy hitter for the muslim terrorist front group, C.A.I.R., that operates in terror right here in America. Nice huh? I won’t even go into the democrat candidates supporting NRA’s allowing Norquist to be nominated, voted in, and sit on their board in very recent past years. (Romney endorsing Ted Nugent sits on the board also for that matter...all 3 of ‘em can go leap as far as I am concerned). Quite a few FReepers do not know about Norquist and his terrorist supporting agenda. Maybe that will change. I hope so.
I'm with you - if Lott's writing it, I'm reading it.
Fk Norquist, Ralph Reed and the College Republicans.
Self serving, Self aggrandizing A-Holes
Norquist: The EPITOME of “the enemy within.”
Shame on Lott: He does not elevate Norquist by this association.....
Norquist drags Lott into the mud.
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