“Was every dime of it spent exactly right? No, but there’s no question that if you look at the trajectory of job creation in this country, there’s no question that the stimulus stopped the bleeding.”
Stopped the bleeding? It opened a huge, gaping, disgusting wound!
"Economists and intellectual authorities coast to coast agree: The stimulus was a flop."
“In the long run you have got to pay for it. The medium and long-run effect is definitely negative. You can’t just keep borrowing forever. Eventually taxes are going to be higher, and that has a negative effect,” he said. ~~ Harvard economics professor Robert Barrow
Put simply, stimulus funds caused more job shifting than job creation.
The results suggest that though the program did result in 2 million jobs “created or saved” by March 2010, net job creation was statistically indistinguishable from zero by August of this year. Taken at face value, this would suggest that the stimulus program (with an overall cost of $814 billion) worked only to generate temporary jobs at a cost of over $400,000 per worker. Even if the stimulus had in fact generated this level of employment as a durable outcome, it would still have been an extremely expensive way to generate employment. ~~ Independent Economics Study
Keep reading...but it might make you sick.
***Busting the Obama myth that the Fast and Furious program started under President Bush:
Asked about the Fast and Furious program at the Univision forum on Thursday, President Obama falsely claimed that the program began under President George W. Bush.
“I think it’s important for us to understand that the Fast and Furious program was a field-initiated program begun under the previous administration,” the president said. “When Eric Holder found out about it, he discontinued it. We assigned a inspector general to do a thorough report that was just issued, confirming that in fact Eric Holder did not know about this, that he took prompt action and the people who did initiate this were held accountable.”
In actuality, the Fast and Furious program was started in October 2009, nine months into the Obama presidency.
Previous programs involving ATF agents allowing guns to “walk” across the border so as to trace them were run during the Bush presidency, but not this particular “field-initiated program.”
Liar, liar, pants on fire.
***I love deadlines. I especially like the whooshing sound they make as they go flying by.
***Team Obama wants Biden seen, not heard. Can't blame them for that.
***Never forget: Dems don't want lower gas prices.
***Mark Hamill has been lured to the Dark Side. Check out his tweet after the debate:
Luke Skywalker is no fan of Mitt Romney. He tweeted about GOP presidential candidate following the first debate (which Romney won): "I've never seen a candidate for President lie more than Romney. He lies effortlessly, shamelessly. This snake oil salesman must be defeated!!!"