20 June 2009

Obama's Disastrous Economy

Left wingers who claim that we are still suffering from the Bush economy remind me of children who claim the dog ate their little sister . . . or was that their homework? However the saying goes, you can leave Dubya out of the equation since it was Obama who made some promises about the immediate impact of his deranged economic plan. And what we are seeing is the opposite of his projections. Here are some grizzly revelations:

  • Obama vowed that by this time unemployment would be around 8%. Well, it's at 9.4% (the highest in more than 25 years) and floating upward toward double digits.
  • Obama promised that he would create 600,000 jobs by the end of summer. Of course now, with some wordplay that Vanna White would have trouble following, Obama has shifted his stance to say that he will create "or save" 600,000 jobs. Sounds like suddenly somebody is hoping that even his economic plan can only destroy so many jobs in one calendar year.
  • Since the stimulus package was signed in February, the country has lost 1.6 million jobs. That kinda makes the administration's back patting about creating 150,000 job seem a bit on the simpleminded side.
  • The government has been on an unprecedented (and unpresidential) spending spree, dropping $44 billion in stimulus money, not related to tax cuts, in only 4 months. No wonder Michelle Obama finds it normal to spend $540 on a pair of sneakers.
  • With Obama's plan the national debt is now at an unbelievable 60% of annual GDP (up from 40%), and some 10% of that increase can be credited to the stimulus bill alone.
  • And I'll bang out more about this in the near future, but I'm willing to bet my son's entire action figure collection (including the collectible Jeff Hardy) that if Obama's Health care plan is signed into effect, America will never be out of debt again (and possible never overcome deficit spending).

So carp as you will, my liberal friends. We are now in Obama's economy and it's about as pretty as Nancy Pelosi at 3:00 a.m., when you haven't the protection of a few stiff drinks.


  1. WomanHonorThyself said...

    who could afford a drink?..lol

  2. namaste said...

    LOL!! @ "without the protection of a few stiff drinks."


    great post on just how incompetent he is and how unrealistic. but the american people fell for him, hook, line and sinker. so now we pay.

    and i love you reference to the dog eating the sister or homework.

    HAPPY FATHER'S DAY, khaki!!