Back in January, President Obama told us how important it was that we immediately pass his $787 Billion stimulus bill. As he told us, this bill was loaded with "Shovel Ready" projects that would jump start our economy immediately. This bill was so important that not a single congressman was allowed to read it prior to passing it. Such irresponsible delays would have threatened our economy.
Very shortly after passing this colossal catastrophe, we witnessed AIG distribute bonuses that were promised within the text of the stimulus bill. Wow, now who would have thought that there might be something important in that bill that should have been read.
Fast forward to June and we have lost 2,000,000 more jobs and unemployment is now 9.4%. But, according to the Obama Administration, although we lost greater than a net 300,000 jobs last month, we have actually "Saved or Created" 150,000 jobs. And the best part is that we have only spent 5% of the stimulus bill's moneys. That is certainly interesting math, but I doubt that the 2,000,000 newly unemployed are comforted by this baloney.
Sensing that he is nearing ownership of this economic disaster, Obama has gone into action. He has started preaching "pay as you go" policies for public spending, as well as, "patience" regarding the job losses. Does anybody expect these policies will apply to Healthcare Reform?
I'm wondering, "how many different sides of his mouth can this guy speak out?". More and more Obama reminds me of those TV evangelists that fell from grace in the 1990's. The concern is the amount of damage he will be allowed to cause before people stop listening to his sermons.
"Quote of the Day"
"Honor, justice, and humanity, forbid us tamely to surrender that freedom which we received from our gallant ancestors, and which our innocent posterity have a right to receive from us. We cannot endure the infamy and guilt of resigning succeeding generations to that wretchedness which inevitably awaits them if we basely entail hereditary bondage on them." --Thomas Jefferson