Tag Archive | "stimulus plan"

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Stimulus Package Creates Imaginary Jobs, Destroys Jobs in the Real World

President Obama’s $800 billion stimulus package creates imaginary jobs, while destroying ones in the real world.

Billions from the stimulus are being spent on creating tens of thousands of imaginary jobs in 440 phantom Congressional districts, according to the government’s own web site:

Just how big is the stimulus package? Well for one, it has doubled the size of the House of Representatives, according to recovery.gov, which says that funds were distributed to 440 congressional districts that do not exist. . . . The web site…

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Posted in Agriculture, Deregulate to Stimulate, Economy, Employment, International, Labor, Legal, Personal Liberty, Politics as Usual, Precaution & Risk, Sanctimony, Stimulus to Nowhere, TradeComments (4)

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More Legal Experts Say ObamaCare Is Unconstitutional

More legal experts are questioning the constitutionality of ObamaCare.  In today’s Washington Post, two former Justice Department lawyers, David Rivkin and Lee Casey, argue that a central provision of Obama’s health-care plan – the “individual mandate” — is unconstitutional, and beyond Congress’s powers under the Constitution, such as its powers to tax and regulate interstate commerce.

Earlier, other legal experts and the U.S. Commission on Civil Rights criticized major provisions of ObamaCare, such as its affirmative-action and racial preferences, and its intrusive regulation of…

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Posted in Healthcare, International, Legal, Personal Liberty, Politics as Usual, Sanctimony, Stimulus to NowhereComments (1)

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Recession Ends in France, Without Massive and Costly U.S.-Style Stimulus Package

Recession Ends in France, Without Massive and Costly U.S.-Style Stimulus Package

The recession has ended in France, which avoided adopting a massive stimulus package like Obama’s $800 billion stimulus package.

France’s conservative President adopted a much smaller $31 billion stimulus package, which, unlike Obama’s, was focused on productive investment, not welfare or social services. $14.5 billion of France’s stimulus package was earmarked for injection “into private sector enterprises.” Billions more were for investments in infrastructure, construction projects, and railways.

In the U.S., Obama pushed through a much more costly, welfare-filled $800 billion stimulus package…

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Posted in Features, International, Politics as Usual, Stimulus to Nowhere, ZeitgeistComments (3)

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“Join Your Fellow Pervs for Some Explicit, Twisted Fun” Courtesy of Obama’s Stimulus Package

“Join your fellow pervs for some explicit, twisted fun,” urged a recipient of more than $25,000 from Obama’s $800 billion stimulus package, which received the money through the National Endowment for the Arts. The stimulus is also being spent on “nude simulated-sex dances, Saturday night ‘pervert’ revues,” and “pornographic horror films.” While providing taxpayer funds for “numerous” sexually perverse projects, and lots of money for welfare, the stimulus package has done little for America’s roads and bridges.

Why? Because feminist leaders complained that rebuilding roads…

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Posted in Economy, Healthcare, Legal, Personal Liberty, Politics as Usual, Sanctimony, Stimulus to NowhereComments (2)

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Deficit Rises $880 Billion to Record $1.3 Trillion, Due to Massive, Unprecedented Government Spending

The federal budget deficit has already risen by $880 billion to an unprecedented $1.3 trillion. Most of the increase is attributable to recent increases in federal spending, including Obama’s $800 billion stimulus package, which the Congressional Budget Office says will actually shrink the economy in “the long run,” and which ended welfare reform, destroyed thousands of jobs in the export sector, and substituted welfare for productive investments.

Ironically, Obama had campaigned on a promise, since broken, to make a “net spending cut” in…

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Posted in Economy, Employment, Healthcare, Politics as Usual, Sanctimony, Stimulus to Nowhere, TradeComments (9)

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Billions More for Wasteful Auto Bailouts

Billions More for Wasteful Auto Bailouts

The auto bailouts keep expanding. Billions more are going to be spent on wealthy auto-dealers, cash-for-clunkers, politically-correct cars few people will buy, and excessive benefits for autoworkers who are richer than the average American.

The Administration’s cash-for-clunkers program has already run out of money, burning through the $1 billion it was supposed to cost. The program rewards people who bought ancient gas-guzzlers, giving them, and not more environmentally-responsible people, federal tax credits for trading them in to buy new cars. The new…

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Posted in Bailout Watch, Economy, Employment, Legal, Politics as Usual, Stimulus to Nowhere, TradeComments (1)

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Obama Health-Care Plan Would Take Away 5 Important Freedoms, CNN Says; Obama Would Also Raise Taxes, End Affordable Plans, and Break Promises

CNN notes that there are “5 freedoms you’d lose in health care reform” as promoted by the Obama Administration: the freedom to choose your doctors, the freedom to choose what’s in your plan, the freedom to keep your existing plan, the freedom to be rewarded for healthy living, and the freedom to choose high-deductible coverage.

Earlier, we described how Obama’s health-care plan would destroy many affordable health-care plans, raise taxes on the middle class, and break Obama’s campaign promises, as…

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Posted in Energy, Environment, Ethanol, Global Warming, Healthcare, Politics as Usual, Stimulus to Nowhere, TradeComments (0)

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Stimulus = Welfare + Quotas + Corruption

Obama’s $787 billion stimulus package is now being used to force states to adopt racial quotas in government contracts, even if their state constitution or civil-rights laws forbid such quotas. Slate’s Mickey Kaus reports that “CalTrans, the huge state agency that spends billions in federal highway construction funds, ’sets a quota of having 6.75 percent of contracts go to women or members of a targeted group–African American, Asian-Pacific American, and Native American.’”

The stimulus package also repealed welfare reform, as Kaus and…

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Posted in Economy, Employment, International, Labor, Legal, Personal Liberty, Politics as Usual, Regulation, Stimulus to Nowhere, TradeComments (3)

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The $60,000 Obama Health-Care Plan: It’s “Eye-Poppingly” Expensive on a Per-Person Basis

Obama’s health-care proposals will cost well over a trillion dollars, without providing universal coverage. They are so “eye-poppingly” expensive that even Congressional Democrats have been forced to scale them back. But the Congressional Budget Office has concluded that their bill “would cover just 16 million additional people at a cost of $1 trillion,” reports the Washington Post. That’s more than $60,000 for each additional person covered! Other estimates peg the cost at $1.6 trillion.

The Examiner notes that Obama’s own Council of…

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Posted in Healthcare, Insurance, Regulation, Stimulus to NowhereComments (1)

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More Government Waste, Corruption, and Corporate Welfare, Thanks to the Obama Administration

Rapidly-rising Medicare spending already threatens “to crush the federal budget,” and much Medicare spending is wasteful, yet the Obama Administration claims it can somehow save money by creating Medicare-like programs to cover all Americans. In the New York Times, economics professor Tyler Cowan calls it “the new voodoo economics.” Washington Post columnist Robert Samuelson concludes that Obama’s health-care plan “is naive, hypocritical or simply dishonest. Probably all three.”

Obama is firing an inspector general who exposed wrongdoing by one of his supporters, and previously…

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Public Wants Wasteful Stimulus Package Canceled

By a margin of 45% to 36%, the American people want to cancel the $787 billion stimulus package, reports pollster Rasmussen Reports. Economist Lee Ohanian, a professor at UCLA, explains the failure of the stimulus package in “The $787 Billion Mistake.” Economist Kevin Hasset describes how legislation backed by Obama would wipe out more jobs in “Obama Tells American Businesses to Drop Dead.” Economist Arthur Laffer explains today how we face massive tax increases and potentially massive inflation as a result of current government policy.

Unemployment…

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Posted in Bailout Watch, Economy, Employment, International, Labor, Legal, Mobility, Politics as Usual, Regulation, Stimulus to Nowhere, TradeComments (1)

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Stimulus Package Kills Jobs, Drives Up Unemployment

Unemployment is now even higher than the Obama Administration said it would be if there were no stimulus package. At least 1.5 million jobs have been lost since Obama signed the $800 billion stimulus package into law.

The stimulus package is harming the economy, both by triggering trade wars that have cost at least 40,000 jobs, and by driving up interest rates for businesses that need to borrow money to expand or create jobs. (The government is keeping down interest rates on its own…

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Posted in Bailout Watch, Economy, Employment, International, Labor, Legal, Mobility, Politics as Usual, Regulation, Sanctimony, Stimulus to Nowhere, TradeComments (1)

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Stimulus Package Shrinks Economy, Destroys Private Sector Jobs

Most of the $800 billion stimulus package has yet to be spent, but it’s already harming the economy, both by triggering trade wars that have cost at least 40,000 jobs, and by driving up interest rates for businesses that need to borrow money to expand or create jobs. (The government is keeping down interest rates on its own debt by printing vast sums of money to buy its own bonds, in order to finance the exploding national debt, which will result…

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Posted in Bailout Watch, Economy, Employment, International, Labor, Odds & Ends, Politics as Usual, Precaution & Risk, Stimulus to Nowhere, TradeComments (2)

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Wasteful Stimulus Package Fails Even In Short Term

1.2 million Americans have lost their jobs since the $800 billion stimulus package was signed into law. The Congressional Budget Office predicted it would shrink the economy “in the long run,” but create jobs in the short run.

But the stimulus package turned out to be harmful even in the short run, because it was so badly designed. It poured money into sectors of the economy where no help is needed because unemployment is low, while siphoning money out of sectors where unemployment is…

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Posted in Bailout Watch, Economy, Employment, Politics as Usual, Stimulus to NowhereComments (5)

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Stimulus Ignites Job-Killing Trade War With Canada

The $800 billion stimulus package pushed through by Obama has ignited a trade war with Canada, reports the Washington Post. In response to vague “buy American” provisions in the stimulus, “A number of Ontario towns, with a collective population of nearly 500,000, retaliated with measures effectively barring U.S. companies from their municipal contracts — the first shot in a larger campaign that could shut U.S. companies out of billions of dollars worth of Canadian projects.”

A trade war is also underway…

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Posted in Economy, Employment, Energy, Environment, Global Warming, International, Odds & Ends, Politics as Usual, Stimulus to Nowhere, TradeComments (1)

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Deficit Skyrockets to $1.8 Trillion

The White House predicts the budget deficit will top $1.8 trillion, four times 2008’s record. Obama has sought to blame the deficit on Bush.

But Obama is even more culpable. “Congress, under Democratic control in 2007 and 2008, held the purse strings that led to the deficit.” And “then-Sen. Obama voted in favor of the 2009 budget.”

To be sure, Bush’s bailouts have also increased the deficit. But Obama supported them and wanted to make them even more expensive. As the Associated…

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Posted in Bailout Watch, Economy, Labor, Politics as Usual, Stimulus to NowhereComments (3)

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Specter Switches Parties, Cementing Liberals’ Filibuster-Proof Control of Senate

Specter Switches Parties, Cementing Liberals’ Filibuster-Proof Control of Senate

Contradicting earlier claims, Pennsylvania Senator Arlen Specter has switched to the Democratic Party, cementing the liberals’ filibuster-proof majority on most issues in the Senate.

What is strange about this is that the reason Specter gave for leaving the Republican Party was not social issues (Specter is socially liberal, not just on things like abortion, but also on racial preferences, which are unpopular with the general public and moderate voters), but rather his vote for the bloated $800 billion stimulus package, which will actually…

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Posted in Bailout Watch, Economy, Features, Politics as Usual, Stimulus to NowhereComments (0)

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Obama: 100 Days of Lies and Broken Promises

Obama has asked the big three networks to give him a free hour of air time on his hundredth day in office. They have said they’ll probably give it to him — not surprising if you consider all the support they gave him in the 2008 election.

One thing they probably won’t do is ask him any inconvenient questions about all his broken campaign promises, like his pledge to enact a “net spending cut,” his promise not to raise taxes on anyone making less than…

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Posted in Bailout Watch, Economy, Energy, Environment, Global Warming, Legal, Politics as Usual, Sanctimony, Stimulus to NowhereComments (4)

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Torture Prosecutions for Thee, But Not for Me

House Speaker Nancy Pelosi wants Bush Administration officials prosecuted for facilitating torture. Fair enough. But if they get prosecuted, she should get prosecuted, too. She knew of the torture and knowingly funded the very programs that engaged in it. She only objected to it after Bush’s poll ratings went down.

Andrew Sullivan, who detests the Bush Administration, observes that “The Speaker was briefed on waterboarding and other torture techniques used by the White House. She was part of the select group of congressmen and women told…

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Posted in Bailout Watch, Economy, International, Legal, Personal Liberty, Politics as Usual, Sanctimony, Stimulus to NowhereComments (1)

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Obama to Sign $6 Billion National Service Boondoggle; Mandatory Service Mulled

President Obama will sign into law a $6 billion “national service” boondoggle. In the March 31 Washington Examiner, I described how the “Americorps plan will waste money on ideological causes” like rent control and more lenient sentences for violent criminals:

“Despite exploding deficits, President Obama and congressional leaders are backing a $5.7 billion “national service” boondoggle. Obama’s proposed budgets, which break his campaign promise of ‘a net spending cut,’ will already increase the national debt by $9.3 trillion, according to the Congressional Budget…

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Posted in Bailout Watch, Economy, Nanny State, Politics as Usual, Stimulus to NowhereComments (1)

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