(Courtesy of Mitch Berg's "Shot In The Dark". This is an edited version. Visit the blog for the rest.)
The Teleprompter in Chief™ defies reality, regurgitating well-worn propaganda that flies in the face of reality as revealed in real numbers.
The 0-Man said his $787 billion stimulus bill “has worked as intended” as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.
“It has already extended unemployment insurance and health insurance to those who have lost their jobs in this recession”.
…which is a good thing, and probably all the “Stimuless” spending package should been enacted to do; provide a safety net. The rest of the plan is a combination of deferred liberal agendas and political payback.
Meanwhile, unemployment continues to rise, oil prices are falling (which believe it or not is bad), and the stock market has fallen four weeks in a row in anticipation of an extended worldwide recession as global government borrowing digs an ever-deepening crevasse.
Oil prices and the stock market are accepted leading indicators. The 0-Man’s rhetoric has no or predictive value whatsoever. Where are even some of our 2-3 Million New Jobs? - a number The 0-Man pulled from his backside some time ago - why is unemployment above 8% and still rising? If this is not a free fall….
…the bill “was designed to spur demand and get people spending again and cushion those who had borne the brunt of the crisis,” The 0-Man’s said.
Both missions: Unaccomplished.
Wouldn’t it be nice if the media displayed a little scepticism towards The 0-Man’s stimulus plans? If nothing else I would like to see some mainstream journalist note that The 0-Man’s training is in the law, not economics, and that he has no history of managing an economy bigger than an office budget, and that we don’t even know how he did on that.
The 0-Man has already saved (or created?) 600,000 jobs. He says so! I dare you to disprove him, because God knows, Obama can’t prove it.