Obama Administration Way Off on Unemployment

Like I was sayin… it could always be worse.  The Obama administration told us earlier this year that if we didn’t pass the stimulus package, unemployment could get as high as 8%.

On Friday, unemployment hit 9.7%.  This is a 26 year high.

The Conservative Patriot HQ has a great post that shows a chart that shows the Obama predictions along with the actual unemployment numbers.

Perhaps the government needs to allow us to keep more of our money rather than thing they should write us checks and increase the deficit and national debt.

The Stimulus is a great success or something.

Like I was sayin… you can put lipstick on a pig.

This week, the President trumpeted how successful the stimulus has been and that it is working exactly as planned.  The President was either untruthful to us then, or telling lies now.

We were told earlier this year that the stimulus would provide a jump start to the economy by funding shovel ready projects.  Now we are being told that the stimulus is being used to bailout the states preventing job losses and exend unemployment benefits.

The fact is that the government takes too much of our money now and wastes in on pet projects and programs that don’t work.

Remember what we are being told now and what we were told earlier this year.  This will help you decide if you should support the second stimulus that is being talked about now.

Stimulus Not Putting a Halt to Unemployment

Like I was sayin… maybe they should have read the bill first.

Over at Conservative Patriot HQ, there is a post detailing the massive fraud that was perpetrated on the American people in the form of the Stimulus bill. 

We were told that if we didn’t pass the bill “right now” we were headed for certain economic disaster.  However, the facts show that unemployment is now worse that what the administration predicted if we did nothing.  Perhaps we would have been better off if somebody would have read the bill….

Be sure to check out the chart that says it all…

Real Stimulus that will work

(Jan 28, 2009) – Like I was sayin… somebody will eventually come up with a good idea.

Today, house republicans put forth an alternative stimulus that actually makes sense.  It is short on sod, governement vehicles, ACORN funding, contraceptives, and $500 checks.  What it does do, is cut everyone’s taxes and offers some minor spending reductions.

The Economic Recovery and Middle-class Tax relief act of 2009 focuses on cutting taxes.  It cuts tax rates 5% accross the board, increases the child tax credit from $1,000 to $5,000, and freezes capital gains taxes at 15%.  This will never reach a vote as house democrats would rather try to increase spending and handouts in an attempt to jump start the economy.

The problem is that our elected representatives don’t seem to remember the impact of the last stimulus package which did little to help the economy.  I wasn’t against the govenment sending me a check, but it is only a temporary blip and didn’t do much to stimulate the economy.  If the dems send everybody a check for $500, people will simply pay off bills or pay down debt.  However, a permanent cut in taxes will change the behaviors of people.

The Republican bill will positively impact the economy in a number of ways.  First, businesses will have less taxes to pay.  Some people will argure that “businesses don’t pay enough taxes and should pay more”.  However, many people fail to realize that businesses just pass the expense of taxes on to you.  Will smaller tax bills, currently successful firms will be able to invest and grow which means jobs.  Struggling firms will have a reduced tax burden which will help them stay afloat.

Individuals will benefit in many ways.  Most importantly, they will have more money in their paychecks.  This won’t be a one time check, but will show up in every paycheck.  People who are struggling will have more money to make ends meet.  People who are doing well will have more money to spend, save, or invest.  It is also important to remember that when people save or invest, that provides more capital for businesses to use to grow with in turn creates jobs.

People need to stop worrying about which party proposes something and think about what the bill does for themselves and the county.  If government spending stimulated the economy, we would have the best most stable economy in the world.