Never one to say die, our esteemed vice president, old "Slow Joe" Biden continues to mount an ardent defense, as he insisted, yet again, that the first stimulus worked just as advertised. He did so as he went about promoting what is essentially the second stimulus now being proposed by Barry under the innocuous sounding title of, (drum roll) the "American Jobs Act." This second stimulus, having been designed pretty much by that same cast of characters responsible for the first "stimulus,", will most certainly have the same results. But that won't stop "Slow Joe" from lauding it as having been an unrivaled success. Asked Sunday while on CNN's, 'State of the Union', why Americans should support another plan when the first stimulus did not come anywhere near delivering on the promise of keeping unemployment below 8 percent, Biden chose to perpetuate the nonsense that the first round actually had created jobs and that the economy would have been worse without it. But no one has been able to provide anything in the way of solid proof that that is in fact the case. And if you chose to believe that premise, then I'm quite sure that he has some prime ocean front property in Arizona that he'd let you have real cheap!
“No look, here’s the deal. Nobody can look you in the eye and tell you that the recovery act and that stimulus did not create jobs and did not do very good things for the economy,” old "Slow Joe" said on CNN. “The problem was in the beginning, the economists said that in fact we wouldn’t go above 8 percent because they didn’t know until this last quarter that the economy shrunk, in the last term of the Bush administration, almost 9 percent,” he continued. Ok, again with the blame Bush crap. It's been three years since Bush, and still these losers can't man up and accept some level of blame for making matters worse, much worse. “Everybody thought it was more like five and a half percent. And so, the point was, we were all operating off of what the blue chips were looking at and the numbers were wrong. The fact is, if we hadn’t had that stimulus, we would be in a position now where we would be in a double dip recession some time ago.” And again, what does "Slow Joe" have to offer up as being proof of this continuing theory that remains so popular on the left? Not a damn thing. We're just supposed to take it on faith that things would now be worse had the stimulus not been passed.
The American Recovery and Reinvestment Act, better known as the "stimulus," had a price tag of $862 billion according to the Congressional Budget Office. Since it was passed, the nation has lost 1.5 million jobs and unemployment has remained well above 8 percent for nearly three years now. One very obvious indicator of what an abysmal failure this "stimulus" actually was, is the fact that real unemployment is now actually resting quite comfortably well into double-digits. That despite the fact that it is generally accepted to be slightly over 9 percent. At the time this thing was being voted on many were out there sounding the alarm and claiming that this "stimulus" was, in fact, never designed to provide any kind of real economic stimulus. What it was in all actuality, was nothing more than a Democrat slush fund designed to cover the funding for all those things that the Democrats felt that they had been denied during the Bush administration. And judging by the results, or lack thereof, I'd say that assessment has been proven to be pretty accurate. So with that being the case, what's the incentive for anyone to support some new version of something that has already been proven not to work?
No comments:
Post a Comment