Hope and Change?
This morning, let me give you two examples of the utter failure of the “Hope and Change” administration.
First, in yet another example of the Obama Amateur Hour, Secretary of State Clinton announced on an Ecuadorian television interview that the White House is pursuing a suit against Arizona over the state’s new immigration law. Remember folks, this is the same administration that proclaimed that they would be unifiers and work together across political lines. Pfft. What a load of tripe. Governor Brewer, as of Thursday night, had no notice or communication with the federal administration concerning this matter. It came as a total shock and one that is disappointing that our federal government would make such an announcement on a foreign television interview first.
Second, VP “say it ain’t so” Joe Biden came out and stated that “the Recovery Act is working” and that it is responsible for “2.5 million jobs” being “created or saved” (he averages the estimates of 2.8M and 2.2M) and “has turned this economy around”. Earlier this year the Associated Press ran an analysis that was reviewed by economists. This analysis concluded that the “shovel-ready” jobs such as road and bridge construction/renovation do not improve a local economy (where the jobs occur) nor the industry:
“As a policy tool for creating jobs, this doesn’t seem to have much bite,” said Emory University economist Thomas Smith, who supported the stimulus and reviewed AP’s analysis. “In terms of creating jobs, it doesn’t seem like it’s created very many. It may well be employing lots of people but those two things are very different.”
Transportation spending is too small of a pebble to quickly create waves in the nation’s $14 trillion economy. And starting a road project, even one considered “shovel ready,” can take many months, meaning any modest effects of a second burst of transportation spending are unlikely to be felt for some time.
“It would be unlikely that even $20 billion spent all at once would be enough to move the needle of the huge decline we’ve seen, even in construction, much less the economy. The job destruction is way too big,” said Kenneth D. Simonson, chief economist for the Associated General Contractors of America.
Few counties, for example, received more road money per capita than Marshall County, Tenn., about 90 minutes south of Nashville.
Obama’s stimulus is paying the salaries of dozens of workers, but local officials said the unemployment rate continues to rise and is expected to top 20 percent soon.
Compound that with the following information from the Associated Press yesterday:
WASHINGTON (AP) — The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed.
Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month and overshadowed a report that showed consumer prices remain essentially flat.
The rise in jobless claims highlighted concerns about the economic rebound — especially after a report earlier this week said home construction plunged in May after government tax credits expired.
How out of touch and wrong can this administration be? Many economists are seriously concerned about a double-dip recession and the huge increases to the deficit and the negative impact these play with our country’s employment and economic health. Again, remember, it’s the Obama Amateur Hour where the President’s focus has shifted like sands in the desert.
GorT is an eight-foot-tall robot from the 51ˢᵗ Century who routinely time-travels to steal expensive technology from the future and return it to the past for retroinvention. The profits from this pay all the Gormogons’ bills, including subsidizing this website. Some of the products he has introduced from the future include oven mitts, the Guinness widget, Oxy-Clean, and Dr. Pepper. Due to his immense cybernetic brain, GorT is able to produce a post in 0.023 seconds and research it in even less time. Only ’Puter spends less time on research. GorT speaks entirely in zeros and ones, but occasionally throws in a ڭ to annoy the Volgi. He is a massive proponent of science, technology, and energy development, and enjoys nothing more than taking the Czar’s more interesting scientific theories, going into the past, publishing them as his own, and then returning to take credit for them. He is the only Gormogon who is capable of doing math. Possessed of incredible strength, he understands the awesome responsibility that follows and only uses it to hurt people.