As if “I will save or add 160,000 jobs” wasn’t bad enough, Barack Hussein Obama (as he called himself in Egypt) now says the Stimulus has done it’s job! YGBSM!
Well… Let’s See…
U.S. mortgage applications fall to 7-month low for June
Homes lost value again in June… Lost value in the Trillions
The Department of Labor Reports Unemployment at 9.5% for June and Weekly Jobs lost at 614,000 for a total of 14.7 million unemployed… Unemployment was 6.5 million in December 2008.
GAO estimates only $19 billion of $787 billion porkulus package has been spent; jobs outlook remains grim; Half the $70 Billion in TARP went to bail out Chrysler and GM
What Barack Hussein Obama is taking credit for is actually $6 Billion dollars in dividends according to the GAO, accrued on TARP I funds passed out during the Bush administration that the major banks wanted to repay, but Tax Cheat and Secretary of the Treasury, TurboTax Geithner didn’t want them to do this…
However, instead of returning these funds and profits to the Treasury General Fund to pay down the National Debt as spelled out by Congress in a law signed by none other that Barack Hussein Obama… Congressman Barney “Subprime Debacle” Frank wants to highjack these funds before they’re returned to the Treasury and use $1.5 Billion to fund a Community Stabilization Trust Fund, *Dayum! Don’t that sound like ACORN); $1 Billion to make condo’s more affordable to folks on welfare… and $4 Billion to help subprime loan holders make their mortgage payments. Source – The Congressional Record – Government Printing Office at gpo.gov.
Meanwhile, the FY-2010 budget has a 1.75 trillion dollar deficit and the National Debt has grown to $11.552 Trillion dollars
The chosen one says he doesn’t want to run the auto industry yet Chrysler and GM are Bankrupt, GM is now under Government control, and the administration gave the majority of the remains to the UAW screwing the other unions in the administration controlled bankruptcy
The government still can’t run a railroad after 38 years in control of AMTRAK at a taxpayer cost of $1.5 Billion dollars a year, yet under the hopey changey thing, it now runs the major banks and other financial institutions, an auto maker, and it wants to take over healthcare, tax the oil and energy industries into submission with a regressive carbon tax.
He promised a transparent administration with no lobbyists no new tax for the middle class, and a 6-day period to review legislation before he signed it… Yet he’s hired more tax cheats and lobbyists than any other administration, increased the tax on cigarettes to $105 per thousand, and failed to meet his 6-day review promise on every major spending bill.
On top of his transparency claim, he’s sacked another Inspector General (At least the 4th but who’s counting… and this time it’s AMTRAK) and replaced the old IG with liberal political hack… See link:
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The list goes on… It takes a very warped logic to spin any of this into a positive outcome as a result of the porkulus a.k.a. Stimulation debacle passed by a politburo and signed into law by a Marxist trained community organizer steeped in Anti-Semitism and liberation theology in the White House, none of whom took the time to read it…
Meanwhile… Just in case you start to get a warm fuzzy heading into the 4th of July and a celebration of Independence Day with all it stands for in freedom from tyranny… From the lips of Attorney General Eric Holder who said “America is a nation of cowards” comes… “Whites and Ministers will not be protected by proposed hate crimes legislation.” Attorney General Eric Holder testified to the Senate Judiciary Committee on June 25 and gave startling testimony that means Christian ministers and whites will not be protected under the hate crimes statute proposed by the Department of Justice. Source C-SPAN and the Congressional Record at the Government Printing Office - gpo.gov.
Take care… and BOHICA!
V/R, Batch