Wonder what you would find if you frisked what went on in Washington D.C. one year ago today?
Answer: President Obama signed the record $787 billion Democratic Stimulus Bill.
Of course that price tag has increased to $862 billion since then. Figures… When does the federal government (including the CBO) ever calculate their predictions correctly?
Over a year ago, President Obama promised America that he would create (not save) 3.5 million jobs by the end of 2010. The result: We have lost almost 3 million jobs. It is baffling to hear the President give so many altered messages relating to how the stimulus package has been a success. You can get an idea of what I am talking about by watching the video posted above.
Hey, remember when President Obama and his administration promised this:
Granted, the unemployment rate now stands at 9.7 percent, but the only reason it is not even higher is that millions of Americans have left the workforce altogether.
But enough with the negatives! Let’s look at the bright side… At least none of the stimulus money is being wasted. Wait a minute:
- Top 10 Wasteful Earmarks In Stimulus Bill
- Steven Crowder Searches For His Stimulus Money
- Stimulus Money Goes To Nonexistent Congressional Districts
- Stimulus Money Goes To Nonexistent Zip Codes
- ‘Green’ Stimulus Jobs Going To China
- CBS Questions The Number of Jobs “Saved or Created”
- Stimulus Money Ends Up Going To Convicts!
And last, but not least:
Please don’t make me continue…
HAPPY ANNIVERSARY STIMULUS PACKAGE!
*UPDATE* – February 18, 2010
- February 17, 2009: The nation’s first Recovery Act project is announced, a new bridge in Tuscumbia, MO. CNN later reports on “A New ‘Bridge to Nowhere’.”
- April 13, 2009:The Administration announces the 2,000th Recovery Act project, but an ABC News fact check reveals that far fewer projects are actually underway, and may not come in under budget as claimed.
- May 27, 2009: President Obama marks the 100 day anniversary of the Recovery Act by claiming that 150,000 jobs have been saved or created. Politifact calls this “not much better than a guess presented as a fact.”
- July 27, 2009: Congressional Democrats claim highway and transit spending from the stimulus has created or sustained 48,000 jobs. ProPublica says “the estimate suffers from what’s become a common malaise in the stimulus world: fuzzy math.” ProPublica found “a reliance on raw head counts — which tend to inflate the numbers by giving full- and part-time jobs the same weight — and by counting the same workers two, three or four times.”
- October 15, 2009: The administration announces that contracts awarded with Recovery Act funds have created or saved 30,383 jobs. The Associated Press found “some counts were more than 10 times as high as the actual number of jobs; some jobs credited to the stimulus program were counted two and sometimes more than four times; and other jobs were credited to stimulus spending when none was produced.”
- October 30, 2009: The administration announces that the Recovery Act has saved or created 640,329 total jobs. On November 19, the Administration admits that they cannot confirm their claim.
- December 18, 2009: The Administration sends out a memo saying they will no longer count jobs “created or saved,” but instead count jobs funded in whole or in part by the Recovery Act. But they brought it back in the most recent report from Obama’s Council of Economic Advisers.
Can someone say: P.R. disaster?