Category: The Economy

In Pictures: The Obama and Pelosi Job Gaps

From The Heritage Foundation: There are a lot of ways to measure job growth in America, some more accurate than others. Organizing for America (the political arm of the Democratic National Committee) created a chart to “celebrate” the first anniversary of President Barack Obama’s Failed Stimulus. Their chart attempted to cover up the fact that [...]

Obama’s Expensive Train Set

From HumanEvents.com: There’s just one thing wrong with Barack Obama’s $8 billion economic stimulus plan to build high speed railroad lines he claims will create lots of jobs, move millions of people, curb traffic, clean the air and make intercity travel more cost-efficient and fast. It won’t. It will create relatively few high paying jobs [...]

‘Obama is killing the economy’

From The Washington Times: Barack Obama has the worst budget record of any president in American history. White House budget office spokesman Tom Gavin claimed “a very strong beginning” for the president’s purported first-year attempts at controlling spending – for example, zeroing out a $17 million program for work incentive grants. But such paltry efforts [...]

What Terrorism, Job Losses, and Health Care Have in Common

From The Heritage Foundation: There are links between terrorist attacks, job losses, and the health care legislation that is being completed behind closed doors: 1) A massive failed bureaucracy didn’t protect Flight 253 from a would-be bomber, so why expect that an even-larger bureaucracy can protect our health? 2)With 10% unemployment and 85,000 more jobs [...]

China warns Obama deficit spending must stop

From World Net Daily: One day after the Chinese Prime Minister Wen Jiabao snubbed President Obama at the United Nation’s Copenhagen Climate Summit, the Chinese warned the United States that China’s ability to continue buying U.S. Treasury debt was limited. Zhu Min, the deputy governor of the People’s Republic of China, told the Shanghai Daily [...]

Obama Lays out Formula for Economic Disaster at Copenhagen

From The Heritage Foundation: In his speech at the Copenhagen Climate Change Conference, President Obama told leaders from around the world that “the time for talk is over.” Obama pushed for all major economies to reduce greenhouse gas emissions but admitted some doubt as to whether a collective agreement would be reached. He could offer [...]

Is Obama’s $789 billion buying votes instead of jobs?

From World Net Daily: A pair of studies analyzing U.S. jobs and the effects of President Obama’s American Reinvestment and Recovery Act suggest the so-called “stimulus” bill has boosted partisan interests far more than employment figures. White House projections in February claimed the $789 billion in spending would “create or save 3.5 million jobs over [...]

Obama’s Fantasy Jobs Plan

From Townhall.com: This is that wonderful time of year when a roly-poly, white-bearded fellow descends from the North Pole to lavish us with presents. So when President Obama follows suit, maybe it’s just his way of getting into the spirit of the season. He sounded uncannily like Santa Claus the other day in a speech [...]

How Unemployment Taxes and Obama’s Stimulus Are Killing Jobs

From The Heritage Foundation: The Associated Press reports: Employers already are squeezed by tight credit, rising health care costs, wary consumers and a higher minimum wage. Now, the surging jobless rate is imposing another cost. It’s forcing higher state taxes on companies to pay for unemployment insurance claims. Some employers say the extra costs make [...]

Despite Obama’s Repeated Claims That Enacting $787-Billion Stimulus Was Urgent, 78 Percent of Money Remained Unspent by End of Fiscal 2009 Says Federal Auditing Agency

From CNSNews.com: After his election last November and until the $787-billion American Recovery and Reinvestment Act was passed in February, President Barack Obama repeatedly insisted that it was urgent for Congress to enact his economic “recovery” bill immediately. Yet, by the end of fiscal 2009 fully 78 percent of the federal spending authorized by that bill [...]

‘The Stimulus Jobs Inflation Map’

From Michelle Malkin: A few weeks ago, I said we needed a new metric for all the bogus jobs claimed by the Obama White House. I called it the “Stimulus Jobs Inflation Index.” The Examiner does even better — creating a handy, interactive Stimulus Jobs Inflation Map. More than ten percent of the jobs the [...]

Obama’s Failed Stimulus in Pictures: 10.2% Unemployment

From The Heritage Foundation: When President Barack Obama was pitching his $787 billion economic stimulus package, the White House produced a report [2] claiming their plan would keep unemployment under a peak of 8%. Reality has not been kind to President Obama’s promises. On November 6, the Bureau of Labor Statistics released their Employment Situation Summary [...]

Stimulus Is Destroying, Not Creating Jobs

From The Heritage Foundation: Even as National Economic Council Director Lawrence Summers says the stimulus is working he also warned that he expects unemployment to remain unacceptably high for years to come. Unfortunately, Summers is half right: unemployment will probably stay high, but because of – not in spite of – the stimulus bill. The [...]

Jobless Rate Jumps To New High of 9.7 as More Jobs Lost

From GOPUSA.comunem: WASHINGTON (AP) — The unemployment rate rose to 9.7 percent in August, the highest since June 1983, as employers eliminated a net total of 216,000 jobs. Analysts expect businesses will be reluctant to hire until they are convinced the economy is on a firm path to recovery. Many private economists, and the Federal [...]

Debt, Debt & More Debt

From The Heritage Foundation: Obama’s Tripling of the National Debt in Pictures This Tuesday the White House released their Mid-Session Review admitting they made a $2 trillion miscalculation in the size of the federal deficit that President Barack Obama’s borrow and spend policies would inflict on our nation. Heritage senior policy analyst Brian Riedl details [...]

Surprise! There’s A Cash For Clunkers Tax

From Right Wing News: Today’s theme is brought to you by the word “consequences.” When dealing with Democrats/liberals/progressives, there are always consequences, the majority of which were never considered when calling for and/or implementing legislation/plans. Another case in point (h/t Blogs For Victory) The Cash For Clunkers program is adding to the activity at treasurers’ [...]

Obama’s Debt Projected to be 23 Times Higher Than Bush’s Largest

From GOPUSA.com: WASHINGTON (AP) — In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America’s founding. And it says by the next decade’s end the national debt will equal three-quarters of the entire U.S. economy. But before President [...]

Taxes for Clunkers: Worst Governmet Program Ever?

From The Heritage Foundation: Is This What Passes for Economic “Success” in the Obama Administration? Celebrating the fact that his administration has blown through $1 billion in deficit spending on the “Cash for Clunkers” program in just one week, President Barack Obama said Friday: “I’m happy to report that it has succeeded well beyond our [...]

Cash for Clunkers, A Case Study in Why Obamanomics Is Failing

From The Heritage Foundation: If you watch television you’ve seen the ads: “So bring in that old jalopy and get up to $4500 towards the purchase of a new or select used vehicle. That’s right get up to $4500 for that old piece of junk, plus you keep the rebates. You have to hurry! Since [...]

Unemployment Still Skyrockets Higher Than Obama Said It Would With Stimulus

From Michelle Malkin: The Obama-conomy: “It’s worse than you think” Of course, it’s all Bush’s fault: The U.S. economy is not only shedding jobs at a record rate; it is shedding more jobs than it is supposed to. It’s bad enough that the unemployment rate has doubled in only a year and a half and [...]