Tuesday, July 7, 2009

Obama Lied, Jobs Died

PRESIDENT BARACK OBAMA: “So, there’s nothing that we would have done differently.” (ABC’s “Good Morning America,” 7/7/09)

Administration Predicted The Unemployment Rate Would Not Go Above 8 Percent If The Stimulus Passed

“Just 10 Days Before Taking Office, Obama’s Top Economic Advisers Released A Report Predicting Unemployment Would Remain At 8 Percent Or Below Through This Year If An Economic Stimulus Plan Won Congressional Approval.” (“Biden Says ‘Everyone Guessed Wrong’ On Jobs Number,” The Associated Press, 6/14/09)

“The Unemployment Rate Rose In June To 9.5 Percent, Making It The Worst In 26 Years.” (“Unemployment Reaches 9.5 Percent, Highest In 26 Years,” U.S. News & World Report, 7/2/09)

The Administration Predicted The Stimulus Would Create Up To 4 Million Jobs
LARRY SUMMERS, Director Of The National Economic Council: “Yeah, The Plan Will Create 3 Million To 4 Million Jobs.” “Yeah, the plan will create 3 million to 4 million jobs more than the economy otherwise would have had, and that's before you get to the financial recovery approach.” (NBC’s “Meet The Press,” 1/25/09)

3,382,000 Jobs Have Been Lost So Far In 2009. (U.S. Dept. Of Labor, “Employment, Hour, And Earnings >From The Current Employment Statistics Survey (National),” Accessed 7/6/09)

The Administration Promised “Unprecedented Responsibility” In Stimulus Spending
PRESIDENT OBAMA: “Now, what is required in return, what I will need from all of you, is unprecedented responsibility and accountability -- on all of our parts. The American people are watching. They need this plan to work. They expect to see the money that they've earned, that they've worked so hard to earn, spent in its intended purposes, without waste, without inefficiency, without fraud.” (President Obama, Remarks, Washington, D.C., 2/20/09)

VICE PRESIDENT BIDEN: “We Know Some Of This Money Is Going To Be Wasted … Some People Are Being Scammed Already.” “‘We know some of this money is going to be wasted,’ Biden said during a roundtable discussion in New York with business leaders aimed at promoting the two-year stimulus plan. … ‘There are going to be mistakes made,’ said Biden. ‘Some people are being scammed already.’” (“Biden Says Some Waste Inevitable Part Of Stimulus,” Reuters, 6/2/09)

The Administration Urged Massive Spending “Immediately” To Avoid “Catastrophe”

PRESIDENT OBAMA: “If We Do Not Move Swiftly To Sign The American Recovery And Reinvestment Act Into Law, An Economy That Is Already In Crisis Will Be Faced With Catastrophe. … Millions More Americans Will Lose Their Jobs. Homes will be lost. Families will go without health care. Our crippling dependence on foreign oil will continue. That is the price of inaction.” (President Obama, Remarks To House Democratic Caucus, 2/5/09)

· OBAMA: “And Economists Across The Spectrum Have Warned, If We Don't Act Immediately, Then Millions More Jobs Will Disappear, The National Unemployment Rates Will Approach Double Digits, more people will lose their homes and their health care, and our nation will sink into a crisis that at some point is going to be that much tougher to reverse.” (President Obama, Town Hall Meeting, Fort Myers, FL, 2/10/09)
REP. JIM COOPER (D-TN): Dem Congressman Calls Rushed Process “An Abomination” Saying “We Didn’t Have Enough Time To Read It And Go Through It.” “‘It was an abomination, the procedure that they used to rush it through right before the President's Day recess,’ Cooper told engineers gathered at the American Council of Engineering Companies of Tennessee luncheon, according to multiple reports. ‘I still didn't like the fact that we didn't have enough time to read it and go through it.’” (“Cooper Calls Rushed Stimulus Vote ‘An Abomination,” The Hill's "Briefing Room" Blog, 02/17/09)

We now have lost about 4 million jobs since Obama was elected, and we now have a blown budget, the prospect of more job-killing bills on the horizon and a tepid recovery at best. Obama Lied, Jobs Died.

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