Monday, February 16, 2009

Where Did That Million Jobs Go?

It was just a few days ago that President Armageddon himself told us that his vaunted stimulus bill would "save" or create at least 3.5 million jobs. And that it needed to be passed now, today, without delay, or the Four Horseman of the Economic Apocalypse would come riding down main street to destroy what little the Bush Administration had left us.

Well, that was when he needed to lie about its effectiveness. Now that it heads to his desk for a signature, well, the truth is coming out:

White House dampens stimulus expectations

President Barack Obama's aides warned Americans on Sunday not to expect instant miracles from the $787 billion economic stimulus bill he will sign this week, but said it would help eventually.

White House Spokesman Robert Gibbs:

"I don't think there's any doubt that we've seen this economy has gotten worse just in the last few months. The acceleration in job loss probably means that this economy is going to get worse before it gets better," he said.

Eventually. Over a trillion dollars of debt, a generational rape, for something that may help eventually. Eventually, the economy would have cleaned itself out and gotten better by itself, without a massive, crippling debt around its shoulders. Certainly, it could have gotten worse before its got better without "Porkulus" being unleashed upon America.

And about that 3.5 million jobs? Well, Obama's plan is going to miss the mark by a cool million or so:

The White House hopes the package will save or create 3.5 million jobs. Mark Zandi, chief economist at Moody's, said on "Fox News Sunday" that was likely too optimistic.

"By my estimate, it will add 2 to 2.5 million jobs, more than would be the case without stimulus, by the end of 2010. That translates into a lower unemployment rate of about a point to a point and a half," he said.

So we'll be left with an additional trillion dollar debt and an unemployment rate of around 6% or higher. Hey Baracky - George W. Bush is sneering at you, he did better than that over the bulk of his term by half. Next to W., you're a pretty lightweight intellectual, pretty boy. A mere piker.

So why this madness? It has little to do with stimulus or tax cuts as Obama promised. Instead, it's a down payment on the Euro-style welfare state that Obama and the Democrats are hell-bent on creating, with government control into every aspect of your lives - from employment to medical to the car you drive - complete with so many niggling rules and regulations that society is force to stand still, unable to do anything without beggging government permissions.

This is the kind of world the Democrats want. More power for them, less control for you. And it's on the way, in the guise of "stimulus".

I'll end on a happy note, OK?

Obama himself said last week that if he failed to heal the economy, he would be out of a job by 2012, when he faces re-election.

From his mouth to God's ears...

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