What Obama's Stimulus Package Has Stimulated
*Posted By: RumorMail
Date: Friday, 23-Oct-2009 00:46:10 *
The Obama stimulus plan, hundreds of billions worth, is an
absolute failure, Total, absolute failure.
Instead of the over 1,000,000 new jobs, the nation has LOST more
than a million jobs.
In fact, the big winners of his $3 billion "Cash for Clunkers"
was South Korea and Japan--their car companies sold most of the
cars. In fact the major losers in this transfer of American
dollars to foreign nations was the government owned car
companies--Chrysler and General Motors. Both have sales down by
almost 50%, while privately owned FORD was down about 5%, the
same as the foreign made cars.
Did I mention he put a 31 year old, an academic, never in the
corporate world, to set policy for your car companies?
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(snip)
Dave Camp, the GOP Ranking Member on the House Ways and Means
Committee, issued this devastating report on job creation
attributable to the ARRA legislation. In state after state, the
Obama administrations projections werent just off but off by
orders of magnitude.
Heres a partial list of the worst projections:
California projected gain: 396,000, California Actual: LOST 336,400
Arizona projected gain: 70,000, Arizona Actual: LOST 77,300
Colorado projected gain: 59,000, Colorado Actual: LOST 58,900
Georgia projected gain: 106,000, Georgia Actual: LOST 131,000
Illinois projected gain: 148,000, Illinois Actual: LOST 148,000
Florida projected gain: 206,000, Florida Actual: LOST 165,100
Michigan projected gain: 109,000, Michigan Actual: LOST 137,300
Nevada projected gain: 34,000, Nevada Actual: LOST 33,800
Ohio projected gain: 133,000, Ohio Actual: LOST 97,500
Pennsylvania projected gain: 143,000, Pennsylvania Actual: LOST
103,200
These are just some of the worst miscalculations. Read the
entire list but only if youve taken your blood pressure medication.
One oddity stands out in the report, namely North Dakota. They
were predicted to gain 8,000 jobs. They didnt meet that mark but
they gained 1,800 jobs. It couldnt have anything to do with
their tax cuts, could it? Surely, thats coincidental, isnt it King?
Link:
http://capoliticalnews.com/blog_post/show/3375