By Floyd and Mary Beth Brown,Cagle Cartoons
Obama’s second stimulus will be as ineffective as the first
The one-year anniversary of the inauguration of Barack Obama is upon us. After only 12 months he is struggling for political survival. The cause is his economic policies. The anniversary is a bitter pill for many unemployed workers to swallow. The jobs he promised,and many voted for,have proved to be a fleeting fantasy. The reality is that Obama’s uncontrolled spending and reckless borrowing have plunged us deeper into the worst recession since the Great Depression. The dire economic situation has only been exacerbated by Obama policy. The situation is only going to get worse if his new,expanded stimulus plan goes into effect.
Obama loves to blame former President Bush,claiming he inherited this horrendous recession. However,the facts show this just isn’t true. While the housing bubble burst in 2008,and a slight recession began in the Bush administration’s last year,it was nothing compared to the past year.
Since Obama took office,the nation is distressed watching more people lose their jobs. This spiraling recession has gone from mild downturn to disaster. Obama cavalierly declared during the early days of his term,that if Congress failed to pass his economic stimulus plan,the unemployment rate would climb above 8 percent. Congress believed him,giving him all the new spending he demanded by passing the $787 billion pork-laden stimulus bill. Yet the unemployment rate then promptly climbed to over 10 percent.
In December 2008,Bush’s last full month in office,unemployment stood at 7.4 percent. Actually,the picture under Obama is even bleaker than it appears. According to the Bureau of Labor Statistics,the real unemployment rate is 17.3 percent when you take into account those discouraged and disheartened folks who have giving up on looking for work. And if unemployment figures were still calculated as they were in 1981,the first year of the Reagan term,unemployment now would be 21 percent.
To counteract his rapidly declining job-approval ratings,Obama has frantically started pushing a second spending package. This time he won’t call the bill a stimulus package or say where the spending will go. Obama and his press secretary are now selling it as a package of "targeted ideas that will have a positive effect on private hiring."Americans know big government spending plans don’t work. Obama is in a sticky predicament,and rather than openly running on his unpopular ideas,he is attempting to deceive the American people with new names for failed policies.
One of the unreported results of the original stimulus package is that it has wreaked havoc on state government budgets. It earmarked $200 billion in bailout cash to help balance state budgets. This policy is akin to giving an alcoholic a year’s supply of beer money. Yet,here we are a year later,and the combined deficit for states has reached a staggering $260 billion. Rather than using federal dollars to repair their balance sheets,states used the money to fund temporary fixes. Now these states are hooked like a drug addict and begging for another quick fix from Obama. If Obama bails these states out again,he will prolong the waste and forestall necessary reforms.
Obama is so preoccupied lobbying for his health care bill;he is neglecting to focus on job creation. Nebraska Sen. Ben Nelson,who has supported Obama’s healthcare bill to the scorn of his constituents,has even expressed,“I think it was a mistake to take health care on as opposed to continuing to spend the time on the economy.”
As Obama considers this new spending package,which increases the debt burden,he is ignoring the advice of the U.S. Chamber of Commerce. Remember,this year Bush’s growth-promoting tax cuts are set to expire. The Chamber says if Obama allows the tax cuts to expire,then he will be setting up the stage for a double-dip recession. Obama is already stressing a weak economy.
If Obama wants to create jobs and improve the economy,he needs to create a stable and secure environment for companies. If Obama doesn’t realize the folly of his policies soon,his party will rightly deserve a strong rebuke from the American people in this November’s elections.
everyone should understand,his plan was to destroy the US economy. No one can be this stupid and certainly he is not. It is intentional to promote his radical socialist agenda and secure democrat power over all American lives.
THANKS AMERICA,YOU ARE STRONG AND YOU WILL NOT LET THIS HAPPEN.
GOODBYE TEDDY'S SEAT
OBAMA HAS NO INTENTION NOR EVER HAS OF SAVING THE U.S. ECONOMY OR THE CITIZENS HE SCORNS. HE HAS ONE INTENTION ONLY,TAKING THE SAME COURSE AS EVERY SOCIALIST DICTATOR
BEFORE HIM NAMELY SPEND THE COUNTRY INTO POVERTY,MAKE THE
WORKING CLASS DEPENDENT ON GOVERNMENT,STIFLE INDIVIDUAL
INITIATIVE,MAKE DEPRESSION AS LONG AS POSSIBLE.
ALWAYS BLAME IT ON SOMEONE ELSE AND TRY TO BECOME PRESIDENT
FOR LIFE. GOD HELP THE WONDER OF THE WORLD,THE UNITED STATES OF AMERICA.
"OOO"is deliberately obliterating our economy and eliminating JOBS. It's that Marxist plot to "spread the wealth"as he told Joe the plumber while on the campaign trail. The last stimulus only served to bring us down more. What will another do. This man needs to be ARRESTED. We won't make it to 2012.
IMPEACH OBAMA CAMPAIGN
http://www.impeachobamacampaign.com/
IMPEACH,IMPEACH,IMPEACH..you are so right,GET HIM OUT OF OFFICE NOW..he said on tv the other day,"he looks forward to the fight with Americans over healthcare.".What's wrong with this picture??
[...] http://www.exposeobama.com/2010/01/15/obamas-second-stimulus-a-looming-disaster/ [...]
This guy (obama) doesn't have a clue. An inexperienced,anti- American,Muslim should be sent to HELL !!! NOW !!!
thomas,
Obama knows exactly what he's doing. he just doesn't give a damn about America. he will have $$ millions in his pockets whe he gets the boot!
HOW TRUE…he is just another you know what that he the lottery and will owe more then he had when he started bankrupting our country. He is so anti American and I just don;t get Americans. What are they waiting for to be outraged?? The soup line????
oiy,ya know,I completely dislike obama because of how he has sold out,but y'all make me almost hope he runs this country into the ground with your stupid tricks and antics. Grow up people,banks and debt are the real problem,not your petty little antics.
Phaesed yes you are a democrat nut do you not know this will effect you liberals too just wait until obama and bernanke collapses the dollar you will be effected just like us
You and your Party and obama need to be sent to venezuala with chaves or to cuba with castro
That's right Faith. The DEMS are oblivious and will suffer just as we will if this man is not removed. He is an enemy of this country. How much more does he have to do before the innocent DEMS see what this man is doing. Many DEMS have left the communist party and are outraged by what he's doing. Other hold outs are going to be sorry. When your wallet is empty or full of worthless $$$,then the message will hit.
Bush ran us into the ground and it took him 8 years. Listen up geniuses..it may take a little longer than 1 year to straighten that mess out.
How long will you liberals blame the Bush administration! It is getting really old…Obama made tons of promises to the people that elected him,all for naught. He is way over his head,and has accomplished nothing,Great teleprompter speaker though.
This mess was deliberately created by OOO. He is no president. He's a Chicago thug and a Muslim at that who is setting out to take down this Republic;lock stock and barrel. WAKE UP liberals and take a good hard long look at what your man is doing to us.
Bush is not innocent entirely. The debt was about 2 trillion when he left. Now the debt is HUGE and it's OOO's doings. Not only that,he is deliberately destroying JOBS as Hitler did. He is making America a Welfare country such as Chavez is doing. So he can CONTROL us.
guest you are a nut that needs to go with obama to cuba or venezuala All you liberals are the pits
You are out of your mind. Do you know how many years it will take to get our country back like it was if Obama gets this sick health care in? I beleive they said l00,000 year. If you want that kind of government why don't you just move to one of those countries that already have it. The people in these countries would give anything to have what we have. Why do you think there is so many illigal alliens here in american? Oh i know your one of those that won't wake up until it's too late. I'm already sick of hearing the democrats crying about how they wish they hadn't voted for Obama and i think as i listen how they were warned by the news before they cast that vote. I don't feel sorry for ignorance.
You are clueless..Obama is not running us further into the ground he is just RUNNING US! He hates white people which is obvious and he hates America,ever read the history bokks of how Hitler got into Power??If not you should becuase Obama is on the exact same path. LIES!
opps..that is books and because….in my excitement
obama has done more damage in one year than any president in the history of our Country.
And spent more money and has made more errors in judgement and has dissed the Constitution consistently.
That's right Thomas,OOO is not finished yet. You wait and see what he does next. What else does he have up his Marxist sleeves. Frankly,he should be ARRESTED and removed from the oval office and soon for treason.
it is too bad there is no one who has the fortitude to stand up to the bum and start impeachment proceedings. I only hope things don't deteriorate to the point that he has the power to stop the mid-term elections next November!!!
He really is a communist more then a socialist/marxist…Remove him NOW!
Geezze- Who write your BS? Carl Rove?
Try spelling it correctly,it is Karl Rove-and,his writing is not BS
Oh,and your use of the english language stinks.. "Who write your BS"
How about "Who writes",what an idiot. Typical no job,Obamacrat
good for you Nancy,he/she writes like a 6 year old and apparently voted like one also!
Have no fear the democrats and republicans are getting fed up with the sick stuff going on in our country. They are not just going to sit around and let them do what they want. Obama is slowiy but surely loosing not only his power but his parties power.
Some of you have been drinking the old ..re-flavored Clinton cool-aid. The banks ,due the the 1986 Community re-investment act,and Barney Frank and Chirs Dodd,have been forced for many years to change standard mortugage underwriting criteria….they had to "equalize"the distribution of retail mortugages in the mnarketplace to reflect the ethnic affermative action criteria,thus claiming how many new Americans have now attained the Americam Dream of home ownership,,the problem is they only "owned"a piece of paper and made under market negative amoritized loans and payments for several years. the smart bans ..dscounted and sold that shtty paper henbse Goldman Sacs Leman Bros and other "wall Street baner"made money sellng and trading n a maret of these bundled loans,sold as Mortugage baced securities…
they sold ths crap to unon and teacher and automotive pension plans with over valued returns,,,when the poor slob that bought a new house ,car and truck with a boat couldn't make the payments when the real interest rate and payments were required,,,1-2 years later ,,they got forclosed,Allong this path Clinton and Bush,the the Wizards of Smart in Congress,kept sweeping this shit under the rug,funding special help programs for a few $billion here and there ,In 2005 and 2006 when legislation was proposed to real in Fanny Mea and Freddi MAc,the congress,controlled by the economic illiterate democrates,,,,,scuttled the legislation ,,and Bush sat on His freekin hands and played pocket billards,,,,now comes 2009 and today ,,,,we have pissed away a $trillion or 2,decided to blame the banks and are too stupid to follow the money trail and figure this out ……As an American I am apaulled that most of us are just too stupid….maybe darwins theory of the survival of the fittest and natural selection is a good idea,then the stupid Americans can not reporduce the same form of idiot!