The so called Stimulus Plan implemented by the regime of Barack Hussein Obama, was to supposed to kick off the greatest economic boom ever. They claimed it would add millions of new jobs and restore prosperity. Reality has stated otherwise as the effects have been minimal. Obama claimed 95% of workers got a tax break. As if $500 a year extra will help anyone? This amount comes out to about $10 a week, it’s a joke. The kicker is that this extra money must be declared as income. The Cash for clunkers money is also taxable as well. This spending plan was just adding debt to the Nation to reward Progressive organizations. It was not an Economic plan at all.
Assuming that Barack Obama holds another White House press conference—his last was back in July—here’s a question worth asking: If the stimulus is truly the success you and your team claim, why are you so reluctant to use the word?
It’s a timely question, with Congress returning to Washington this week after a year of record spending. Right now the spotlight is on the effort by the Democratic leadership to ram through a health-care bill—any health-care bill—in time for the president to declare victory in his State of the Union. But a second stimulus may not be far behind, with the House having already passed a version before members left for Christmas.
The House approved its $154 billion second stimulus package in its last vote of 2009, little more than a week after a policy address Mr. Obama delivered at the Brookings Institution. In that Dec. 8 speech, he reviewed the progress of the earlier stimulus—the $787 billion American Recovery and Reinvestment Act of 2009—and used the occasion to call for additional congressional spending. The headlines rightly described what he was proposing as a “second stimulus.”
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So Obama hopes to create jobs by borrowing more money. Clearly, Mr. Hussein is economically ignorant by his actions. The more the Government borrows, the less capital available for the private market. If there is no capital available in the market, no job creation or investments. The Government is like a vacuum, it’s sucking up what is needed to create jobs. Clearly Obama wants a governmnet run economic system. His 3rd World Ideology is showing by his actions.
Barack Hussein Obama is once again a proven liar. The so called Stimulus has only made things worse. It was put an ankle bracelet around the American economy. By borrowing more money, The Progressive Regime of Barack Hussein Obama is making sure we stay in economic hard times. Maybe that’s their plan all along. The Cloward-Piven Strategy calls for overwhelming the system to collapse it. So far, they are succeeding with this increase debt burden.
