The economy continues to dwindle in these harsh economic times. Job losses have fallen in every month since January and the unemployment rate, 9.4%, is at a twenty-six year low. Based on these statistics, Congress has asked themselves if a second stimulus bill is needed. Let me give you a quick answer, NO!
Let’s go back to the first stimulus, named the American Recovery and Reinvestment Act of 2009. The enormous $787 billion bill failed according to President Barack Obama’s predictions. While campaigning for its vote, Obama stated that without this very important bill, the unemployment rate will rise to 9% in 2010. Conversely, he said, if this legislation is passed, unemployment will not exceed 8%. However, the stimulus bill has not succeeded in doing what President Obama thought it would do, as seen by the unemployment rate flirting with 10%.
With his approval ratings decreasing, Obama sent his Vice President to calm the storm in Ohio, where less than half the people approve of the job Barack Obama is doing as President. In a speech from Cincinnati, VP Biden pointed to teaching and law enforcement jobs being saved, because of the stimulus. For the record, there is no statistic that can accurately measure the number of jobs saved. (By the way, there is a statistic that says we’ve lost roughly two million jobs since the stimulus passed). Continue reading “Second Stimulus?”
Back before the election, President Obama made promises about what he would do as President. Since his Inauguration, the President has broken many of these pledges. Who could have seen this coming? Remember the promise of no lobbyists in the Obama Administration? He broke that, as seen in the list of lobbyists in top jobs.
Then there was the promise of no earmarks. When he addressed Congress in February after the “Stimulus Bill”, President Obama said that “we passed the recovery plan free of earmarks”. However, even Speaker Nancy Pelosi, who was popping up behind the President with thunderous applause, received $30M for her district to protect a mouse. Then there was the budget to fund the government for the rest of the year. In it there were an estimated 9,000 earmarks, totaling more than $5B. Another promise broken.
Finally, there was the no tax increases for “families making less than $250,000”. Well, Mr. President. How do you explain supporting a tax on energy, health care benefits, and all items? If the White House supported American Clean Energy and Security Act passes the Senate (which will be difficult), President Obama will place an outrageous tax on all those who drive a car or flip on a light switch, which is to say, nearly every single American. Rep. Paul Broun (R-GA) estimates that this legislation would amount to be a $2 trillion tax increase to businesses and consumers. Continue reading “Obama’s Broken Promises”
Listen up fan folk! The College Politico has a new contributor who goes by the fanciful name of JNuzzi08. He is quite smart and competent.
So treat him right.
Ps. I’ll be working on my super top ultra secret new mysterious project and won’t be able to post on The College Politico much but JNuzzi08 should keep you happy and I’ll look into adding some more contributors soon.