Tuesday, July 14, 2009

To Create or Save That is the Question

This is a post I made originally on TH. I have included an update.

Barry Obama and his gang of merry men (Reid, Pelosi, Durbin and Emanuel) have said that the stimulus plan would save or create jobs. I actually thought long and hard about this. Save or create, that is the question. Let us define these two words.

  • Save- to rescue or deliver from danger or harm; to spend less money; to avoid unnecessary waste or expense
  • Create - to produce or bring about by a course of action or behavior; to make or bring into existence something new

A few weeks ago Barry was present in Ohio for the swearing in of 25 police officers. Before the stimulus package was signed these officers were told that they would be laid off before they even joined the force. After the package was signed the city had the necessary funds to hire them. So Barry has saved 25 jobs thus far. Not bad for an $800 billion dollar investment. Let's not forget that the stimulus bill (I use the term loosely) has less than 10% that will actually stimulate anything. Unless you believe the economy can be stimulated by $650 million in coupons for set top boxes, $150 million for the Smithsonian and $1 billion for Amtrak who has not turned a profit in 40 years. So, Barry saved 25 jobs, but will someone from this administration tell me how they are going to create jobs.

I believe this quote found in the AP sums it up best.

"You created a situation where you cannot be wrong, "the chairman of the Senate Finance Committee, Montana Democrat Max Baucus, told Geithner last week.

"If the economy loses 2 million jobs over the next few years, you can say yes, but it would've lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs, "Baucus said. "You've given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct."

Well if Baucus only knew that Barry's administration intends on making themselves look correct on everything they do, no matter how wrong they might be.

RR

Update: Today is July 14, 2009 and the unemployment rate stands at 9.5%. The Vice(gaffe)President says we (the administration) misread the economy. Then just days after that the President says "
No, no, no, no, no," he told NBC's Chuck Todd. "Rather than say 'misread,' we had incomplete information." To ABC's Jake Tapper, he said, "There's nothing that we would have done differently."' Oh really? Well my bs sensors are going off. How about yours?