The Liberal Lie, The Conservative Truth

Exposing the Liberal Lie through current events and history. “Republicans believe every day is the Fourth of July, but the democrats believe every day is April 15.” ****** "We will always remember. We will always be proud. We will always be prepared, so we may always be free." RONALD REAGAN

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Two Reagan conservatives who believe that the left has it wrong and just doesn't get it!

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HISTORICAL QUOTE OF THE WEEK - "Always bear in mind that your own resolution to succeed is more important than any other." ABRAHAM LINCOLN

Tuesday, June 09, 2009

OBAMA ECONOMIC POLICY FAILING

In yet another attempt to spin a failing policy into a success Barack Obama announced that his stimulus plan has ,"saved or created," 150,000 jobs during a time when the economy LOST 1.5 million jobs. Using an arbitrary number that he created from nothing Obama cannot prove or disprove the saving of any job and when asked this during his announcement he stumbled and stated that the press could just ask the people whose jobs were saved.

Now he promises that in the next 100 days his stimulus will ," save or create," 600,000 jobs, which like the first number is an arbitrary figure pulled out of his magic political hat with no bases on fact or any way to prove or disprove. Neither of these numbers are backed by or used by the Labor Department nor any other agency that gathers job statistics. But Obama still spins this as success and the drooling adoring press gives him a pass without questioning him.

To date only 5% of the $787 billion dollar stimulus package has been spent. This after Obama in a move to create panic claimed that if his package was not quickly passed the economy would collapse. He would not even give members of Congress 48 hours to read the bureaucratic monstrosity. Now several months later and with the economy stabilizing WITHOUT his massive government spending package he once again is claiming disaster unless more money is released.

Of course this is part of the build up to pushing through his Health Care government take over plan once again creating panic to force through his legislation. On the jobs front when Obama was trying to push through his stimulus his promise was that if passed it would prevent unemployment from surpassing 8%. The May unemployment numbers pushed that figure to 9.4% and economists state that this figure will continue to climb through the rest of this year reaching at least 10% before leveling off early next year

In fact according to Obama's recovery plan when he was pushing for passage, if passed unemployment would level off at almost 8% in the second quarter of this year and begin falling. With the government doing NOTHING the same measurement had unemployment leveling off at 9% by the first quarter of 2010 and then dropping . With the economic policies of Obama stepping in the actual figures show unemployment rising to 9.4% in May and still climbing. So in actuality Obama's economic policy has caused greater unemployment than if NOTHING had been done. So much for ," saving or creating," 150,000 jobs !

The good news is that the American people are beginning to understand his failings and not buying into the spin. According to a new Rasmussen polls 45% of Americans now trust Republicans more on economic matters with only 39% trusting Democrats. The GOP also holds a six point lead on the question of which party is more ethical and less corrupt. This is an eleven point shift from just one month ago. Adding to Democrat economic woes the GOP holds a 44% to 39% lead on the issue of taxes.

Obama's spin may play well to his loving and adoring press fans but the American people understand that his economic policy is creating problems rather than solving them. Creating deficits that are skyrocketing faster than the Space Shuttle achieves orbit with no end in sight. Especially now that Obama is personally pushing his government take over of the Health Care industry to create yet another massive entitlement which will expand government and the deficit even more than has already happened during his first six months in office.

Ken Taylor

12 Comments:

Blogger Rob said...

Ken, the economy is moderating which is the first step before recovery. We are certainly no longer in free fall like we were when Obama took office.

GDP looks like it is starting to improve. The "shovel ready" stimulus projects are on schedule and are just starting right now (Maryland's first stimulus-funded construction project is just getting started now).

Unemployment is a lagging indicator of the overall economy - that is just an economic fact. I've said for months that unemployment will continue to rise through the rest of the year (we will hit 10%), but that it will start to rapidly improve next year.

The Dow is the ultimate leading indicator of the economy. We are witnessing a major bull run. We'll see the Dow hit 10,000 again before the midterms next year and unemployment will be falling. I am expecting GDP to hit 0 or slight growth 0.5% in Q4 of this year. That would be a remarkable turnaround from the -6.3 percent we had in Q4 of 2008 as Bush left office.

There are going to be hiccups along the way, but things are certainly improving and if all goes according to Obama's plan we will see significant improvement this quarter and in Q3 as the stimulus dollars really take hold. We'll see.

10:46 AM, June 09, 2009  
Blogger Mike's America said...

"No longer in free fall" yet the unemployment number keeps going UP, UP and UP...


And not just up, but STRAIGHT UP! At a much higher rate than ANY of the phony Obama economic assumptions upon which all of his phony budget and deficit forecasts are based.

The entire foundation of the Obama economic program is a FRAUD and the spinsters like Rob can't apologize or excuse enough of it to alter that reality.

11:18 AM, June 09, 2009  
Blogger Gayle said...

Mike's absolutely right and the numbers prove it. The unemployment rate rose to 7.2 percent in December, the highest since January 1993.
http://www.politics.com/news/5278/unemployment-rate-highest-in-16-years/

Great job Obama is doing, hunh?

11:41 AM, June 09, 2009  
Blogger Rob said...

I've said for months - and even in this post that unemployment is a LAGGING indictor and that unemployment will hit 10 percent. THAT IS NOT A SURPRISE.

The Dow is the ultimate LEADING indicator of the economy.

Those are two basic economic facts. I've laid out what is going to happen and in recent months I have been dead on with my economic predictions. Everything is foreseeable and working according to plan.

In 16 months, we'll see where the economy is. If things are vastly improved (as I predict) the Republicans will get wiped out again for the third straight election. If not, Republicans will make gains. I've said this a bunch of times - let's see what happens. That isn't spin - that is what will happen.

11:44 AM, June 09, 2009  
Blogger KrisEveland said...

Yay, we're all saved now!

Whatever. Does the moron actually think anybody believes this trash? Speeding up the "stimulus" is nothing but an admition of failure.

3:20 PM, June 09, 2009  
Anonymous Anonymous said...

Rob,
"If things are vastly improved (as I predict) the Republicans will get wiped out again for the third straight election. If not, Republicans will make gains."

Huh? If the Republicans don't win, they'll lose. If they don't lose, they'll win. Is that about right? Maybe a little additional clarification?

B Woodman

4:26 PM, June 09, 2009  
Blogger Rob said...

If the economy continues to improve and is significantly better next year (as I predict) the Republicans will get wiped out in the midterms because all they are doing is whining.

If the economy is not improved (and/or is worsening), the Republicans will make gains in the midterms.

4:52 PM, June 09, 2009  
Anonymous Dennis said...

Central government economic planning has never produced a better outcome than a free market. Obama's policies will result in huge deficits, according to CBO projections, and the CBO projections assume 4% average annual GDP growth over the next 10 years, which is VERY optimistic. If growth is lower than the 4%, tax revenues will decline and the deficits will be significantly higher. The plan we need for long term growth is a large permanent income and capital gains tax cut coupled with massive cuts in non-defense spending. Liberals have shown no inclination to do this, therefore we need a tax-cutting, government-busting Congress in 2010 and an administration with that philosophy in 2012. In his latest Congressional testimony, Bernanke voiced deep concern over the projected deficits and with good reason.

10:36 PM, June 09, 2009  
Blogger The Liberal Lie The Conservative Truth said...

Rob, reality is that no matter how you try to spin it the inflationary reaction to printing money and continued bond purchasing by China will hit in the first two quarters of next year.

Also the,"tax cuts," which in reality were only tax credits will be counter balanced next April by a provision in the stimulus that went unseen which increases tax rates across the board by the same amount as the tax credits.

Which measn that tax payers who think they will be getting larger return next year because of the false promise of a cut to 95% will actually see their rates higher and their taxes more or returns less.

Both of the above combined with the green light Obama gave today to raise taxes for a,"pay as you go," plan while his massive spending agenda continues will cause huge tax increases across the board to match the massive spending and huge deficits he has created.

The economic mess of by and from

12:47 AM, June 10, 2009  
Blogger The Liberal Lie The Conservative Truth said...

I hit publish to soon. The last sentence in my above comment is,"the economic mess of, by and from Obama is quickly crashing around him!

12:49 AM, June 10, 2009  
Blogger Rob said...

Ken, I really don't believe you have any idea what you are talking about when it comes to inflation.

The value of the dollar is pegged to other currencies and global economic factors. Just because we monetize some of our debt (i.e., print money) is not in and of itself a cause of inflation. It would be if other currencies were strong, but the reality is that there is a global economic crisis.

Japan is still worried about deflation as are some countries in Europe. China and India have their own stimulus packages. We don't know what the effect on inflation will be, but it is unlikely to explode in the next year or first two quarters of 2010. The reason I say this is that the Fed along with central banks around the globe have every reason in the world to maintain the strength of the dollar.

Also, there is a very basic fallacy in your argument. China is slowing its purchases of U.S. Treasurys already. If inflation explodes as you predict, they won't buy up U.S. debt.

8:57 AM, June 10, 2009  
Anonymous Anonymous said...

Hey Rob, would you like mustard on your crow sandwich?

1:47 AM, March 10, 2010  

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