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Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
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One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Thursday, July 02, 2009

Today in Washington D. C. - July 2, 2009 - Economic Minister of Propaganda Speaks on Unemployment

The AP reports today, “Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5%, suggesting that the economy's road to recovery will be bumpy. . . . All told, 14.7 million people were unemployed in June. If laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the unemployment rate would have been 16.5 percent in June, the highest on records dating to 1994.”

And folks this is not Bush's recession - this is Obama's recession. So - what about the administration’s $787 billion stimulus bill that was pushed through Congress in February on promises to mitigate or reverse the affects of this downturn? This morning Fox News’ Bill Hemmer asked White House economic advisor Christina Romer if today’s unemployment numbers show that the stimulus bill isn’t working. Romer responded, “No, absolutely not,” explaining that it just means it’ll take some time for recovery and no one anticipated things would be this bad. Romer is Obama's "economic minister of propaganda" with the demeanor of a"Julia Child"styled talking head. However, Julia Child made us chuckle while she demonstrated her expertise, whereas Romer looks us in the eyes, smiles, chuckles at us, and attempts to dissuade Americans from the facts of reality.

Remember, the administration used a report co-written by Romer in January to help sell its stimulus bill. The report claimed, “Certain industries, such as construction and manufacturing, are likely to experience particularly strong job growth under a recovery package that includes an emphasis on infrastructure, energy, and school repair.” However, according to the Bureau of Labor Statistics today, “Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business services, and construction. . . . [I]n June, employment in construction fell by 79,000, with losses spread throughout the industry . . . [and] [e]mployment in manufacturing fell by 136,000 over the month . . . .”

Clearly the jobs that Obama and Romer promised would result from adding hundreds of billions of dollars to the deficit have NOT materialized. House Republican Leader John Boehner took his bloodhound to look for the promised stimulus jobs but unfortunately wasn’t able to come up with anything.

In summary, quoting Sen. Mitch McConnell (R-Ky), “[I]f the American people learned anything from the stimulus, it’s that we should be suspicious when we’re told that we need to spend trillions of dollars without having the proper time to review how the money will be spent or what effect it will or won’t have.” Americans should be cautious given that the administration is taking a similar approach to selling its plans for health reform, urging swift action on trillion-dollar government-run insurance plans.

So far, the Obama/Romer Stimulus has be de-stimulating the economy resulting in greater economic fear and increasing unemployment. If Obama was not reneging on his promise to bring the military home rather than his redeploying the military from Iraq to Afghanistan, we would have even higher unemployment as the national guard and regular military, retained under "stop-loss" programs, returned home to "no jobs." Imagine, fighting for your country one day and coming home to no job the next. Obama send your economic minister of propaganda packing - we've had enough stimulus. Should we now trust the Obama administration with nationalized health care and cap-and-trade {one big tax on everyone]?

Tags: Barack Obama, cap-and-trade, Christiina Romer, economic stimulus, jobs, military, nationalized health care, Obama administration, propaganda, recession, unemployment, Washington D.C. To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 12:05 PM - Post Link

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