I know, another day, another economic photo op and pledge of hopeychangeyness from The One, but really…this one’s gonna make ya laugh (or cry buckets)
WASHINGTON (AP) – Eager to show action on the ailing economy, President Barack Obama promised Monday to speed federal money into hundreds of public works projects this summer, vowing that 600,000 jobs will be created or saved.
Surrounded by his Cabinet, Obama emphasized what has become a dominant issue of public concern—an economy that keeps bleeding jobs—on the day after returning from a week of diplomacy and sightseeing in the Middle East and Europe.
Did you see that? Since President Obama was elected, the US has lost about 600,000 jobs EACH MONTH, and to counter this President Obama is pledging to speed things up with the fake “stimulus spending” so that over 3 months, 600,000 jobs are created. Those jobs will be created at a cost of [DRUM ROLL…] about $1500000000 EACH!!!!!!!! Forget the fact that he’s only gonna create one month’s worth of jobs to counter 9 months of losses, the jobs he DOES create will be uber spending fiascos. No way-NO WAY are the people doing the new National Mall landscaping gonna get $1.5 BILLION each, but that’s what they’ll cost. So…where’s the rest of the money go? Ask ACORN.
In the meantime, remember 2 things:
1) This is happening on Obama’s watch
2) George W Bush never had us in this much of a mess
Author of “Reparations and America’s 2nd Civil War
Reparations and America’s 2nd Civil War: Malensek, Scott: 9798864028674: Amazon.com: Books
600,000 x $1.5 billion –> 6 x 10^5 x 1.5 x 10^9 = 9 x 10^14, which is to say 900 trillion; in other words your math is off by a factor of one thousand even if we accept the idea that all 900 billion of stimulus would be used to create these 600,000 jobs.
But now I’m depressed about having to use scientific notation to talk about the budget.
So teachers are kept employed, so are the police, and fireman. The hard to employee youth are getting employed, and some roads, sidewalks and getting fixed. So when the money runs out, who is going to keep these folks employed. Don’t tell me the economy is going to be so great that all will be well. Because the economy will be in the hands of the government, we pay the government, who pays the new employees.
Im reminded of an old saying “If ifs and buts were candy and nuts, we’d all have a merry xmas”
Then my larger point remains made regardless of my poor Obama-math skills
😉
Even if the math is off (which is really a non-point), the question remains: when has the government ever out-performed the private sector? There is no incentive for the government to be competitive. Private businesses on the other hand, if they are not spending money correctly, doing things better than the next guy, staying away from employees that would otherwise corrupt the name of the company; they will eventually go under. Its fact.
However, the government has no reason to stay on budget, do things better than the next guy (they just need to pass), they happen to be full of corrupt employees, and wa-la, its no surprise we are going under. In what world would a company that is tanking, decide to take out massive loans and call it a recovery? Its actually called buying time until the ship sinks.
Owning my own company has taught me that economics doesn’t stray far from the lemonade stand: if you don’t make profit, you can’t grow. If you can’t outperform the kid on the end of the street, they will take your business. If you keep borrowing money and never pay it back, you end up with a huge bill and a bully that is ready to pound the value out of you. I think America needs to get ready for Change. From the looks of it, Obama doesn’t seem to understand that the audacity of Hope, doesn’t put food on the table. Its just a nice bumper sticker slogan in the era of Bush jr. and gullible masses.
Did you guys check out McGurn’s WSJ piece?
I don’t know why king hussein is so pumped about saving a measly 600,000 jobs. I personally saved 8-million jobs just last week. Unfortunately, other conditions beyond my control resulted in this number of jobs plus some getting eliminated, so overall it was a decrease. But, just think how bad it would have been if I hadn’t stepped in and saved 8-million jobs.