A DISGRACEFUL PRESIDENT LIES TO US AGAIN

HAPPY INDEPENDENCE DAY CONSERVATIVE BRETHEREN

That said, remember back a few weeks when King Putt laughed like a jackass about the shovel ready jobs not really being shovel ready? King Putt revealed in a "ha-ha-ha" moment of "yeah, I got over on you," we knew that this regime totally screwed us for many billions in tax dollars.

Once again, let us realize that THIS kind of crap happens when we allow idiots, nattering nabobs, and idiots without a resume to get them a job at Burger King, to get into positions of power within our government. Moreover, when clowns like King Putt, the guest lecturer on the US Constitution (now THAT really IS a joke) and full-time community organizer and lawyer for ACORN (hoes and pimps be us), they drag economic morons like Larry Summers, Tax Cheat Gheitner, and pencil-necked geek and man-about-town Austan Goolsby into their regime! Funny that when these dolts have their moment of EPIC FAIL! they go back to Harvard, to teach economics! Only in America.

So, it appears that Sir Golfsalot has been lying through his teeth, again confirming what Joe Wilson said, and the rest of us knew, about his economic stimulus plan. Obama lied and his plan sucked.

EXCERPT:  "When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt."

Oops. Ya really gotta hate it when a plan, hatched by idiots, nitwits, morons, and anti-American asshats fails but then again, Keynesian economics ALWAYS FAILS, except inside the lukewarm minds of liberals. But what makes this even better is that the report was written by King Putt's own economic team!

EXCERPT: "The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the "stimulus" in adding or saving jobs. The council reports that, using "mainstream estimates of economic multipliers for the effects of fiscal stimulus" (which it describes as a "natural way to estimate the effects of" the legislation), the "stimulus" has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job. In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the "stimulus," and taxpayers would have come out $427 billion ahead.

Furthermore, the council reports that, as of two quarters ago, the "stimulus" had added or saved just under 2.7 million jobs — or 288,000 more than it has now. In other words, over the past six months, the economy would have added or saved more jobs without the "stimulus" than it has with it. In comparison to how things would otherwise have been, the "stimulus" has been working in reverse over the past six months, causing the economy to shed jobs."

But to hear King Putt say it, he was the man who saved or created millions upon millions of jobs. Maybe in China that is. How did Nutsy Baloney say it when the hag was the Speaker of the House concerning unemployment checks? Oh yeah:

"It injects demand into the economy. It creates jobs faster than almost any other initiative you can name."

Maybe that what Obama's intent by helping Americans to find their ways OUT of a paying job and into an unemployment check. Meanwhile, King Putt is still getting one, until January 2013 that is.

OBAMA - A ONE TERM BLUNDER!

"Freedom is never voluntarily given by the oppressor; it must be demanded by the oppressed." - Martin Luther King, Jr.




http://www.weeklystandard.com/blogs/obama-s-economists-stimulus-has-cost-278000-job_576014.html
http://capitolcommentary.com/2010/07/09/nancy-pelosi-thinks-unemployment-checks-create-jobs/