Is the 787 Billion Job Creation Stimulus Package Being used as a Democrat Slush Fund for Political Purposes?
jr
2009/11/22 15:44:44
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The Obama administration promised that the stimulus would cap the nation's unemployment rate at no more than 8.5 percent while creating about 3.5 million jobs over two years.
Eight months later, the jobless rate is at 10.2 percent, its highest level in more than a quarter of a century. And the economy has actually lost about 3.4 million jobs since the putative stimulus took effect.
Why hasn't the stimulus stanched unemployment and spurred job growth as promised?
Because much of the $787 billion has gone to purposes other than reducing joblessness, like the Cash for Clunkers program and the first-time home-buyers tax credit. These multibillion-dollar line items contributed much to the third-quarter growth in the nation's gross domestic product but did little to create jobs.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/11/22/I...
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Eight months later, the jobless rate is at 10.2 percent, its highest level in more than a quarter of a century. And the economy has actually lost about 3.4 million jobs since the putative stimulus took effect.
Why hasn't the stimulus stanched unemployment and spurred job growth as promised?
Because much of the $787 billion has gone to purposes other than reducing joblessness, like the Cash for Clunkers program and the first-time home-buyers tax credit. These multibillion-dollar line items contributed much to the third-quarter growth in the nation's gross domestic product but did little to create jobs.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/11/22/I...
Related Articles:
Staffers on Capitol Hill were calling it the Louisiana Purchase.
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/...
The Demcare bribe list
http://michellemalkin.com/2009/11/20/the-demcare-bribe-list/
Read More: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2...
This is Chicago politics! This is Marxist learnings! This is the future of America until this man is exiled to Gitmo!!
He's got to GO!!
It doesn't take a scholar to understand that he was padding and stumping - given the stimulus was predominately written by The Apollo Alliance ( a partisan organization.) and heralded by SEIU, Acorn et el.
The Unions made out the best with the stimulus. Also some key democratic states that received a bunch of money to continue reckless spending instead of living within their financial means.
The stimulus has resulted in LESS revenue being taken in, more job loss, and a serious problem internationally with continued spending.
I hope to GOD people won't be fooled by this junk. Any more than they have already.
What they ARE Doing -- is definitely HARMFUL!
It's one of the things that's had my blood boiling, They will commit political suicide and not have to worry about it. They will use the money for campaigning, paying off search engines so their puppets find all the articles written by lame street media right on top of any g'damned search engine and keept them blind folded, that's how they manpulate the media, people get it online too. How is GE doing when will they get the next deposit.
I am tired of sitting and letting this happen
liberal progressives are that domestic enemy we have heard about.