FACT: Since Barry "Almighty" signed his $825 billion economic stimulus plan into law in February 2009, the national unemployment rate has risen from 8.2 percent to 9.1 percent. It did not ever go below the 8 percent that was promised by Barry "Almighty," but did spend some time up over 10 percent.
But always the ardent defender of our illustrious president, and demonstrating yet again that she is very obviously living in some alternate universe, House Minority Leader Nancy "Ms. Botox" Pelosi said at her press briefing Thursday that if the stimulus had not been enacted the unemployment rate would now be 15 percent. But I'm more than a little curious, on just what does she base that assertion? Is she clairvoyant? Did she just pick that number out of thin air? I mean, as most of us already know, or at least should know, the real unemployment rate is nowhere near 9 percent, the current official number being bandied about as if it accurately portrays the massive, Barry inspired, unemployment situation that we have in this country. The actual unemployment rate has bee over 16 percent for some time, and it's even worse for blacks, so I'm not really sure what old "Stretch" is talking about, nor am I all that sure if she knows herself.
Anyway, it was at some press briefing only about a month ago that Ms. "Stretch" Pelosi made the idiotic, and completely unsubstantiated, claim that if Barry's stimulus not been enacted unemployment would have reached 14.5 percent by the time of the November 2010 elections. "I think it’s really important to know that President Obama was a job creator from day one," Pelosi said at her Thursday briefing. "Now, was the ditch that we were in so deep that when you’re talking to people and they still don’t have a job, that that’s any consolation to them? No." “But I’ll tell you this,” said old "Stretch", “if President Obama and the House congressional Democrats had not acted, we would be at 15 percent unemployment. Again, no consolation to those without a job, but an important point to make." The fact that old "Stretch" cold actually make the statement that Barry "was a job creator from day one," and with a straight face no less, goes a long way in proving the lengths Democrats will go to deceive.
At her October 6 briefing, old "Stretch" made pretty much the same claim saying, “Without the Recovery Act and accompanying federal interventions, whether from the Fed or ‘Cash for Clunkers’ or other initiatives, this unemployment rate last year at the time of the election would’ve been 14.5 percent, not 9.5 percent.” Now a report published by the Congressional Budget Office (CBO) in August estimated that in the fourth quarter of 2011, the stimulus signed by Barry "Almighty" in 2009 would have the impact of reducing the national unemployment rate between 0.3 points to 1.1 points from what it otherwise would have been. The report also said that although CBO initially estimated that the stimulus would cost $787 billion, CBO had subsequently increased its estimated cost to $825 billion. So as the cost to taxpayers went up, the results of this supposed stimulus not only did not reduce the unemployment rate, but it could not prevent unemployment from going as high as 10.2 percent.
Also according to the CBO report, who must be using the same crystal ball as is Ms. "Stretch," since I'm not sure how else they can make such a claim, 600,000 to 2 million people have jobs as of now that were either "created or retained" because of the $825 billion stimulus. Ok, let's just say, for the sake of argument, that the maximum number of 2 million is the accepted number. What that works out to is essentially a cost of $412,500 per job. If, on the other hand, the minimum number of 600,000 is the accepted number, that works out to a cost of $1,375,000 per job. How is that in anyway a responsible use of taxpayer money? As has been said many times by people much smarter than me, it is a fact that the government cannot create jobs in the private sector. All that it can do is to make the conditions right for job creation and that actually encourage that job growth to take place. And in that respect alone, I think Barry can very safely be judged as being an abysmal failure.
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