The American people have figured out that the $1 trillion (with interest) worth of “stimulus” isn’t doing anything to help the economy and is nothing more than wasteful spending on Democrat pet projects that we couldn’t afford in the first place.
45% Say Cancel Rest of Stimulus Spending
Forty-five percent (45%) of Americans say the rest of the new government spending authorized in the $787-billion economic stimulus plan should now be canceled. A new Rasmussen Reports national telephone survey found that just 36% disagree and 20% are not sure.
According to news reports, only $36 billion of the stimulus plan had been spent as of late May.
Just 20% of adults say the tax cuts included in the stimulus plan should be canceled while 55% disagree. The stimulus plan includes $288 billion in tax cuts.
While there is a wide partisan gap on the question of stimulus spending, there is little partisan disagreement on maintaining the tax cuts.
President Obama on Monday vowed to speed up the pace of stimulus spending and said the money will help “create or save” 600,000 more jobs this summer.
However, only 31% of Americans believe the new government spending in the stimulus package creates new jobs. Forty-eight percent (48%) say the stimulus spending does not create jobs, and 21% are not sure.
Americans have mixed feelings about whether speeding up the new government spending in the stimulus package will help the economy. Thirty-nine percent (39%) say the increased spending will be good for the economy, but 44% say it will be bad. Eight percent (8%) think it will have no impact.
A plurality of government employees believe speeding up the stimulus will be good for the economy. However, those who work in the private sector strongly disagree.
Poll: 45 Pct of Americans Want to Cancel Rest of Stimulus
Poll: 45 Percent Say Cancel Stimulus Spending
Public Wants Wasteful Stimulus Package Canceled
45% Of Americans Say Cancel The Rest Of The “Stimulus” Spending Spree
Brit Hume Explains Why the Economic Stimulus Is Not Working
Where’s The Stimulus And Why Do We Need Any More Of It Anyway?
Of course, since the “stimulus” isn’t doing any good, the prudent, fiscally responsible thing to do would be to cancel what’s not spent already, especially since we couldn’t afford it in the first place. The people can see right through this sham and the polls are showing it. But since Obama doesn’t care about the people or fiscal responsibility, he just promised to spend the “stimulus” faster.
Obama confronts doubts on stimulus, vows faster spending
His assertions — that 150,000 jobs have been saved or created already, and that the summer goal is 600,000 more — appear to be elastic and are hard to verify.
President Obama billed it as an adrenaline jolt — a $787-billion stimulus package that not only would put people back to work, but also underwrite construction and energy projects the country had long neglected.
But with the economy still sputtering and some experts doubting the program was meeting its goals, Obama vowed Monday to accelerate stimulus spending with the goal of creating or saving 600,000 jobs by summer’s end.
Ooh, he’s going to “create or save” 600,000 jobs. Has he looked at the unemployment rate lately?
Unemployment rate is a wake-up call
Jobless claims in America rose to 9.4 percent in May, the highest jobless claims rate in 25 years. In response to the report, Vice President Joe Biden called the numbers “encouraging.” One in 10 Americans without work is hardly encouraging, especially after a massive $800 billion stimulus that was supposed to put Americans back to work.
Ahead of the stimulus vote, economic advisers to the president and vice president warned that without the money contained in the bill, unemployment would reach 9 percent. Republicans offered amendments and alternatives to speed infrastructure spending and tax relief to help businesses expand and hire to get Americans working again.
However, congressional Democrats scoffed at the idea that their plan would not act quickly enough and passed the package they said would turn the economy around fast.
Meet the new stimulus, same as the old
Obama repackages stimulus plans with old promises
26-Year High Unemployment Rate Contradicts White House Stimulus Claims
So, the reality is that there are many more people unemployed now than the day the “stimulus” bill was signed into law. In fact, there’s no evidence whatsoever that the “stimulus” bill has “created or saved” a single job!
The Media Fall for Phony ‘Jobs’ Claims
Tony Fratto is envious.
Mr. Fratto was a colleague of mine in the Bush administration, and as a senior member of the White House communications shop, he knows just how difficult it can be to deal with a press corps skeptical about presidential economic claims. It now appears, however, that Mr. Fratto’s problem was that he simply lacked the magic words — jobs “saved or created.”
“Saved or created” has become the signature phrase for Barack Obama as he describes what his stimulus is doing for American jobs. His latest invocation came yesterday, when the president declared that the stimulus had already saved or created at least 150,000 American jobs — and announced he was ramping up some of the stimulus spending so he could “save or create” an additional 600,000 jobs this summer. These numbers come in the context of an earlier Obama promise that his recovery plan will “save or create three to four million jobs over the next two years.”
Mr. Fratto sees a double standard at play. “We would never have used a formula like ‘save or create,’” he tells me. “To begin with, the number is pure fiction — the administration has no way to measure how many jobs are actually being ‘saved.’ And if we had tried to use something this flimsy, the press would never have let us get away with it.”
Of course, the inability to measure Mr. Obama’s jobs formula is part of its attraction. Never mind that no one — not the Labor Department, not the Treasury, not the Bureau of Labor Statistics — actually measures “jobs saved.” As the New York Times delicately reports, Mr. Obama’s jobs claims are “based on macroeconomic estimates, not an actual counting of jobs.” Nice work if you can get away with it.
And get away with it he has. However dubious it may be as an economic measure, as a political formula “save or create” allows the president to invoke numbers that convey an illusion of precision. Harvard economist and former Bush economic adviser Greg Mankiw calls it a “non-measurable metric.” And on his blog, he acknowledges the political attraction.
“The expression ‘create or save,’ which has been used regularly by the President and his economic team, is an act of political genius,” writes Mr. Mankiw. “You can measure how many jobs are created between two points in time. But there is no way to measure how many jobs are saved. Even if things get much, much worse, the President can say that there would have been 4 million fewer jobs without the stimulus.”
Amidst Questions About Their Numbers, White House Says Stimulus Will Save or Create 600,000 Jobs in the Next 100 Days
The administration last month claimed that 150,000 jobs had already been saved or created due to the stimulus bill, though that number is based on a theoretical projection and not an actual count.
As ABC News’ David Kerley points out, last week Keith Hall, the Commissioner of the Bureau of Labor Statistics, told a House subcommittee that he could not substantiate the claim.
“No,” Hall said. “That would be a very difficult thing for anybody to substantiate…We’re busy just counting jobs.”
Obama’s Stats On Jobs Created, Saved ‘Silly’: Expert
“Create or Save”
Obama’s Preposterous ‘Create or Save’ Jobs Promise Was Never Uttered During the Campaign
Create-or-save — Anyone can play
Obama to “Create or Save” Jobs?
In other words, Obama is just pulling random numbers out of his ass and making [expletive deleted] up. The bottom line is that we can’t afford the “stimulus”, the “stimulus” hasn’t done anything to stimulate the economy and hasn’t “saved or created” a single job, except in Obama’s imagination. And yet, despite the usless “stimulus” spending, the U.S. economy is climbing out of the latest recession all by itself, as part of a global recovery.
The American people, armed with these facts, can see straight through the unaffordaable, useless, wasteful “stimulus” program and the polls are showing they collectively realize that the only prudent, fiscally responsible thing to do is to cancel the rest of the stimulus now.
Are you listening to the American people President Obama? They’re trying to tell you something important.
/CANCEL THE REST OF THE UNECESSARY, DEBT ALBATROSS, PORK “STIMULUS” SPENDING, CANCEL IT NOW!
Filed under: Blog Entry | Tagged: Barack Obama, Budget Deficits, Commissioner Of The Bureau Of Labor Statistics, Economy, Greg Mankiw, Joe Biden, Keith Hall, National Debt, Rasmussen Reports, Stimulus, Tony Fratto, Unemployment, Unemployment Rate | 1 Comment »