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Monday, June 13, 2011

OVER 2 YEARS LATER AND STILL IT'S ALL BUSH'S FAULT…AMAZING!


I'm sure we all remember how it was just twenty-eight short months ago, on Feb. 13, 2009 to be precise, when the then Democrat controlled Congress passed what was termed then as being a $787-billion "economic stimulus" package ironically referred to as the "American Recovery and Re-Investment Act." How upon passage of this very bogus economic recovery plan was then forwarded on to Barry "Almighty" who not so promptly signed it into law while at the same time, very loudly and very confidently declaring that it would go on to create or "save" 3.5 million jobs. However, no one has yet come up with any kind of an accurate way to define exactly what a saved job is or how you can determine exactly how a job can be identified as being saved. As well, there's no real way to determine how many of those "saved" jobs there have actually been, but none of this has not stopped this corrupt administration from sticking to its guns while making some pretty outlandish claims. The new bimbo that now heads up the DNC, a dim bulb named Debbie Wasserman Schultz, made the rounds recently, touting the fact that through the expert and very decisive leadership of Barack Hussein Obama, the American economy has now, finally, turned the corner. What? What the hell is this airhead smokin, cause she needs to be sharing. It just never ceases to amaze me the ease with which these people can continue to lie. The level of deception being perpetrated against the American by these corrupt individuals is nothing short of brazen.



This past Saturday, during his weekly address, Barry once again pointed to his predecessors, singling out those who came immediately before him, as being the primary cause of all of our continuing problems with the economy and indicated that a full recovery would not be coming any time soon. “I wish I could tell you there was a quick fix to our economic problems,” Obama said. “But the truth is, we didn’t get into this mess overnight, and we won’t get out of it overnight. It’s going to take time.” This was all nothing more than the same old, tired and worn-out rhetoric that we've been hearing for the last 2+ years, since this patently dishonest "community agitator" first walked into the Oval Office. It can't possibly be Barry's fault, after all, just look how much of our money he has spent in his effort to try to "fix" things. And it was just this past weekend that the last remaining member of Barry's initial economic team, some goof by the name of Austan Ghoulsbee, took his parting shot at Bush as being the primary culprit responsible for a majority of the blame regarding our continuing economic doldrums. That's their story and , by God, they're sticking to it! So after all of the policies that this administration has now put in place, that have succeeded in doing nothing more than to put a further strangle hold on our economy, it still remains all Bush's fault. These policies have had a specific purpose, and it is not economic recovery, because that is not the intent of the Democrat Party. The intent here is to create an economic environment so disastrous that the American people will feel that they have no where else to turn other than to the government.


At the time our buddy Barry signed this Democrat slush fund disguised as a "stimulus" package, the most recent unemployment statistics (for January 2009) showed that we had a national unemployment rate of 7.8 percent. And through the wizardry of Barry’s team of economic advisers, most of whom were gleaned from academia and possessing of absolutely zero experience of working in the private economy, numerous baseless predictions were then made that this thoroughly well thought out "stimulus" plan would insure the keeping of the national unemployment rate below 8 percent. Well it take very long to see that these claims had absolutely no basis in fact, as the unemployment rate pretty quickly went up to over 10 percent. And still today, the national unemployment rate remains over 9 percent. Since Barry signed the "stimulus" law, the Congressional Budget Office has also re-estimated its true cost as being somewhere around $830 Billion. In fact, according to a Congressional Budget Office analysis published in May, the maximum number of jobs created or "saved" as a result of the "stimulus" through the second quarter of this calendar year (which ends in June) will be 2.9 million. However, assuming that that's an accurate number, how many of those 2.9 million jobs are actually private sector jobs?


The CBO estimated that it was also possible that the number of jobs created or "saved" by Barry's "bogus stimulus" by the end of this quarter might be as few as 1.0 million. More importantly, according to the CBO, the economic impact of the stimulus is already waning, as if it ever gained any real traction in the first place. “The effects of ARRA on output peaked in the first half of 2010 and have since diminished, CBO estimates,” said the CBO. “The effects of ARRA on employment and unemployment are estimated to lag slightly behind the effects on output; CBO estimates that the employment effects began to wane at the end of 2010 and continued to do so in the first quarter of 2011.” By 2012, again according to the CBO, the number of jobs on average that Barry "Almighty" can even remotely lay claim to as being created or "saved" by his "bogus stimulus" will range from a low of 200,000 to a high of 700,000. Even if you take the CBO’s high-end estimate of 700,000 jobs, that works out to roughly to be a cost of $1,185,714 per job. Government efficiency at its best. You gotta be kiddin me. Thank God for all that "Hope and Change." The sheer lunacy on display here is simply unparalleled since the days of Jimmy "The Bonehead" Carter and "BJ" Clinton. It's all nothing more than one huge and very vicious circle that goes from Democrat to Democrat to Democrat. And yet, more Americans seem to be perfectly willing to hand control of the government and therefore the economy over to these leftwing incompetents who so obviously have no clue about what it takes for us to maintain a thriving economy. Seem to me that fits in quite well with the definition of insanity, because no matter which Democrat we elect, the outcome is always the same. The result being, of course, abject failure on all counts!

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