They Rescued the Economy???
Lately, the White House has been amazingly tone deaf. Recently, President Obama said that the stimulus bill was “working as intended.” In a recent interview with the NY Times, WH Chief of Staff Rahm Emanuel bragged that “we rescued the economy from the worst recession.”
With unemployment creeping towards double digits and with the auto bailouts causing additional layoffs, I can’t imagine why the Obama administration would want to say anything that they’re turning things around.
What’s certain is that House GOP Leader John Boehner didn’t let Emanuel’s statement slide without responding:
Madam Speaker, American families and small businesses are hurting. The economy has been hurting, but this morning in previewing the President’s speech tonight, our former colleague, the President’s Chief of Staff, said this: ‘[W]e rescued the economy.’
Now, I’m sure that the 9.5 percent unemployment rate that we have in our country today and from most economic experts on its way up don’t believe that we’ve rescued the economy. The 11.1 percent unemployment rate that we have in Ohio, I’m sure those people are looking up today wondering, wait a minute, the President is going to say we rescued the economy? I don’t think so.
Not only has the stimulus not worked and the economy not been rescued, the President continues to promote policies that will create more unemployment in America. The national energy tax that went through this House last month will cause millions of Americans to lose their jobs over the next 10 years, at 2.5 million per year. And we’re debating the health care plan, the government takeover of health care, which according to the President’s council of economic advisor’s model will cost five million more Americans their jobs.
I don’t believe that the economy has been rescued. I yield back.
Ohio unemployment is 11 percent. Michigan’s is 15 percent and climbing towards 20%. California’s economy is in shambles but the Obama administration has rescued us from the Evil Bush economy? Why should people think that their lives have significantly improved? By what measure have middle class Americans benefited from President Obama’s policies?
Here’s a set of questions that I’d love to see answered:
- Does the parent whose child needs an operation feel like she’s already been rescued?
- Does the scientist whose high tech company just left Minnesota for Wisconsin feel rescued?
- Does the small businessman who’s bracing to get hit with a variety of major tax increases from the Obama administration feel like he’s been rescued?
The answer to each of those questions is an emphatic no.
Technorati Tags: Economy, Recession, Unemployment, President Obama, Rahm Emanuel, ARRA, Health Care Reform
Cross-posted at LetFreedomRingBlog
July 23rd, 2009 at 8:02 pm
Donkey economists still don’t understand that if they “create” 100,000 jobs in the “green” industry, but lose 1,000,000 jobs in the existing energy industry, there will still be a net loss of 900,000 jobs.
I have no idea what the real numbers will turn out to be, but I can guarantee you some numb brain will challenge me on the numbers I just used because they can only separate reality from supposition when it doesn’t involve their own mind-numbing arrogance of assumptions.