Wednesday, February 17, 2010

The Porkulus Bill

One year ago, President Barack Obama signed into law an $862 billion porkulus bill claiming that:
1. Unemployment Would Not Rise Above 8 Percent. (REALITY: Since Obama Signed Stimulus Last February, Unemployment Currently At 10 Percent.)
2. Would Create 3.5 Million Jobs By End Of 2010. (REALITY: America Has Lost 2.8 Million Jobs.)
3. Would Create Construction Jobs. (REALITY: 712,000 Construction Jobs Have Been Lost.)
4. Obama Claims Stimulus Created Manufacturing Jobs. (REALITY: 847,000 Manufacturing Jobs Have Been Lost.
5. Obama Claims Stimulus Created Teaching Jobs. (REALITY: 55,000 Education Jobs Have Been Lost.)
6. Obama Promised Recovery Act "Will Create Good Jobs That Pay Well And Can't Be Shipped Overseas." (REALITY: Recently Distributed Stimulus Funds Going To Foreign Corporations Creating Jobs Overseas.)
7. Obama Promised Stimulus Would Have "Responsibility and Accountability." (REALITY: GAO Says Transparency, Oversight Lacking When Keeping Track of Stimulus' Effectiveness.)

Barack Obama and his big-spending Democrats led by Nancy Pelosi and Harry Reid have proven that their kind of "Stimulus" will only run America's economy further into the ground.



Randall of the Huddle said...

They foolishly used Bush economic forecasts.

So are you suggesting doing what the GOP did that led us to the depression?

cybercorrespondent said...

As of early 2006, before the Democrats took control of Congress, consumer confidence stood at a 2-1/2 year high, the average gas price before the 2006 election was $1.50-2.00, the unemployment rate in Feb., 2006 was 4.7%. This kind of prosperity was more than the liberal media could stomach and they concentrated only on what Bush had done in Iraq. As far as the crises we are in today, the liberals will continuously ignore the facts and continue to trash Bush. Educate yourselves by reading the New York Times article. Look at the date it was written.
Published: September 11, 2003
New Agency Proposed to Oversee Freddie Mac and Fannie Mae - New York Times

WASHINGTON, Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

The Democrats were the ones who started to tell banks who to loan to, and Clinton was the one who imposed penalties if not enough low income loans were made. The REPUBLICANS saw crises in the making and attempted to do something about it. For proof watch these videos.

For the record: Many moderate Democrats do not believe in the far-left ideology, and not all Republicans are conservatives. That’s why Democrats, Republicans, Libertarians and Independents are taking to the streets and will force the right kind of change by forcing all self serving politicians from both parties out of office.