The White House Doesn’t Want You To See This
Dave Camp, the GOP Ranking Member on the House Ways and Means Committee, issued this devastating report on job creation attributable to the ARRA legislation. In state after state, the Obama administration’s projections weren’t just off but off by orders of magnitude.
Here’s a partial list of the worst projections:
California projected gain: 396,000, California Actual: LOST 336,400
Arizona projected gain: 70,000, Arizona Actual: LOST 77,300
Colorado projected gain: 59,000, Colorado Actual: LOST 58,900
Georgia projected gain: 106,000, Georgia Actual: LOST 131,000
Illinois projected gain: 148,000, Illinois Actual: LOST 148,000
Florida projected gain: 206,000, Florida Actual: LOST 165,100
Michigan projected gain: 109,000, Michigan Actual: LOST 137,300
Nevada projected gain: 34,000, Nevada Actual: LOST 33,800
Ohio projected gain: 133,000, Ohio Actual: LOST 97,500
Pennsylvania projected gain: 143,000, Pennsylvania Actual: LOST 103,200
These are just some of the worst miscalculations. Read the entire list but only if you’ve taken your blood pressure medication.
One oddity stands out in the report, namely North Dakota. They were predicted to gain 8,000 jobs. They didn’t meet that mark but they gained 1,800 jobs. It couldn’t have anything to do with their tax cuts, could it? Surely, that’s coincidental, isn’t it King?
At some point, thoughtful people will reject President Obama’s wisecracks about not following the “failed policies of the last eight years” because they’ll judge President Obama on his economic failures. They’ll notice that his economic accomplishments will consist of, in his eyes, the failed stimulus bill. Other than that, what can he point to as an accomplishment?
He certainly can’t point to his budget. Why would President Obama highlight a budget that includes trillion dollar deficits for as far as the eye can see? If President Obama were to highlight his budget, he’d be handing GOP strategists a powerful campaign theme on a silver platter. (Just imagine the TV ads showing President Obama talking about the green shoots he’s seeing in the economy, then showing the annual deficits in bold red letters, followed by VP Biden talking about how the stimulus is working better than he could’ve imagined with headlines of monthly unemployment figures scrolling across the screen.)
Technorati Tags: Economy, Unemployment, Deficits, Stimulus, President Obama, Joe Biden, Democrats, Dave Camp, Republicans, Election 2010
Cross-posted at LetFreedomRingBlog
October 22nd, 2009 at 5:45 am
This post has been linked for the HOT5 Daily 10/22/2009, at The Unreligious Right
October 22nd, 2009 at 10:59 am
one interesting note is the lack of comparison to Reagan. When Reagan took over from Carter inflation was going through the roof, unemployment was high about what it is today, but still no comparison. Cause maybe the approach Reagan took was better than what is going on today.
October 22nd, 2009 at 2:25 pm
As I recall, Reagan didnt try to dump guziilions we didnt have on the economy, he just lowered taxes, and let Volker rachet down the prime just enough to loosen cash, that was enough to the raging bull in March of 1991.
But we all know that doesnt work does it, Mr OPresident.
October 22nd, 2009 at 9:58 pm
Ya, but think of all the jobs he’s saved.
Both of them. If you stretch the truth and add two million to the total.
October 23rd, 2009 at 9:40 pm
True. I s’pose it coulda been worse, huh Joe Biden?.