Obama Continues to Violate His Own ‘Stimulus’ Law by Not Releasing Quarterly Reports
Have you heard much about President Obama’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) lately? In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved. Even in Washington, that’s not considered good bang for the buck.
With only 58.6 percent of Americans currently employed — down 2.4 percent from the time of Obama’s first inauguration — it’s not surprising that the Obama administration doesn’t really want to fulfill it legal responsibilities and release subsequent reports on its failed “stimulus.” However, it hardly seems fair — to use one of Obama’s favorite words — that the rich and (extremely) powerful think that they can choose whether or not to abide by the laws they spearhead and sign, while the rest of us are forced to obey them.
8% unemployment is the new normal and Team Obama is counting on the mainstream media to not hold their feet to the fire. If "W" had been president with four years of 7.6% unemployment, it would have been the lead every night.
Thomas Sowell: There are no solutions, just trade-offs.
The stimulus is an absolute failure. It was like walking over to the toilet and flushing. It is disturbing that they don't have to follow their own rules. JMO but there has been less transparency in the last 4 years than I have ever seen in my lifetime.
That is true and I did add the link to the post after you mentioned it. Thanks for the correction. Links are important.
It is a blog but the facts still remain the same.
frogger wrote: The stimulus is an absolute failure. It was like walking over to the toilet and flushing. It is disturbing that they don't have to follow their own rules. JMO but there has been less transparency in the last 4 years than I have ever seen in my lifetime.
I agree the stimulus did not work as hoped, but I put it's failure on it not being big and bold enough to really make a difference. It seems to me that our government rarely has the gumption to do as much as is needed for any situation, by the time something passes through congress and reaches the presidents desk it is watered down to the point of being ineffective. This was true of the ACA and the stimulus.