By Howard Rich
Mere days after winning the presidency on the strength of his proposed “middle class tax cuts,” U.S. President Barack Obama switched gears and began outlining his vision for a massive “economic stimulus” — one that he promised would create three million jobs.
“We have to make sure that the stimulus is significant enough that it really gives a jolt to the economy,” President-elect Obama said in November 2008.
After spending two months preparing his plan, Obama’s economic forecasts for its success grew even rosier. In fact, according to a January 2009 report prepared by his top economic advisors, as many as four million jobs were to be created within two years.
“A package in the range that the President-Elect has discussed is expected to create between three and four million jobs by the end of 2010,” Christina Romer, Obama’s chief economic advisor, wrote in the report. “More than 90 percent of the jobs created are likely to be in the private sector.”
The price tag for these new jobs? “Only” $787 million.
Additionally, the “stimulus” was touted as an investment in American infrastructure, in the so-called “Green Jobs” of the future and in middle class taxpayers.
“The jobs we create will be in businesses large and small across a wide range of industries,” Obama proclaimed in a radio address just days before his inauguration. “And they’ll be the kind of jobs that don’t just put people to work in the short term, but position our economy to lead the world in the long-term.”
These were the numbers — and the spin — used to sell this monstrosity to the American public.
Of course that was just one side of the story.
Get full story here.
[Guest post by Aaron Worthing; send your tips here.]
The Washington Post reported the other day that there was another shooting at a military building, this time at a U.S. Coast Guard recruiting center in Woodbridge, Virginia. I decided not to blog about it until they got ballistics back on it and, well, we got the answer: this is the same gun used in the other attacks.
As usual, the vandalism was done late at night or early in the morning, and the shooter only did property damage—he or she doesn’t even seem interested in harming people. The only deviation from previous cases is I don’t see any Marine Corps connection.
And it is worth noting that nothing happened at the Marine Corps marathon. Which is probably a good sign that this person really won’t try to hurt people, but nonetheless, this has to be stopped. This person might be doing some mere vandalism as protest; or this might be some kind of dry run for something more serious.
[Posted and authored by Aaron Worthing.]