Thursday, May 28, 2009

After Cutting $17B Out Of A $3,600B Budget Obama Touts 150K New Jobs After More Than 1,500K Jobs Lost Since He Took Office

Obama Touts Stimulus Bill's First 100 Days

The president calls the stimulus package "the most sweeping economic recovery act in history -- a plan designed to save jobs, create new ones, and put money in people's pockets." He says it has already created or saved nearly 150,000 jobs.

Now I understand our new "Commander In Chief".

If you set ridiculously small goals and achieve them AND you don't have a news media that is attacking you for the veracity of these "shrink goals" the "success" that you claim is success none the less because ITS ON YOUR OWN TERMS!!

Other presidents have "success defined on the terms of the BEST INTERESTS OF THE NATION". For them 150,000 jobs created or saved in the context of 3 months where job losses have been 6 digits would be nothing to brag about. In fact the audacity of bragging about the 150,000 jobs would be grounds for attack.

Welcome to the "America Of Hope". In this time period you will see a news media talking about the "slowing rate of collapse" rather than the fact that there has been an absolute collapse none the less. Indeed the news media has no particular interests in sounding the drum beat of decline. They have the favorable poliitcal arrangement that they have sought. Now it is time to lift the spirits of Americans even if the key measures still point to erosion.

I give credit for the news media's efforts. Last month consumer confidence increased despite all that is collapsing around us. Once again this points to the differences between OPINION POLLS and hard economic measures.

One hundred days after signing the $787 billion economic stimulus package, President Obama declared Wednesday in a Las Vegas speech, "we are already seeing results."

The president called the stimulus package "the most sweeping economic recovery act in history -- a plan designed to save jobs, create new ones and put money in people's pockets." He said it already has created or saved nearly 150,000 jobs.

But a Republican congressman responded seconds after the speech by saying, in effect, not so fast, Mr. President.

Texas Rep. John Culberson called the stimulus package "a fiscal flop and nothing to celebrate," and he said that since the bill was signed Feb. 17, "1.597 million jobs have been lost and unemployment numbers at their highest levels in two decades."

Obama's aides had mocked reporters for making a fuss over his first 100 days in office, but the president was eager to assess the first 100 days of his $787 billion stimulus package.

Obama, despite GOP skepticism, said the stimulus has fueled demand that is helping businesses to put more Americans back to work, but "there are still too many Americans out of work," he said, "and too many who worry that their job may be next."

He also used his stop at an Air Force base Wednesday -- part of a Western trip otherwise devoted to raising political money and promoting his economic policies -- to hail solar energy as a cost saver.

Obama announced more spending for renewable energy after touring a large field of solar panels at Nellis Air Force Base, near Las Vegas. The sun-powered cells provide a quarter of the base's power needs, Obama said, speaking in a large hangar warmed by the desert heat.

"That's the equivalent of powering about 13,200 homes during the day," he said, and it will save the Air Force nearly $1 million a year.

Obama said more than $467 million in stimulus money will be used "to expand and accelerate the development, deployment and use of geothermal and solar energy throughout the United States."

Consumer Confidence At An 8 Month High

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