The H Stands for ‘Hubris’
February 17, 2010 · By Jonathan McLeod
But we probably already knew that’s what President Obama’s middle initial really stood for.
It’s been a year since the over hyped and under performing ’stimulus’ package was passed in the U.S., and even with the employment rate still hovering around 10% (it dropped 0.3% to 9.7% in January), Mr. Obama has the gall to trumpet the success of the stimulus package in saving or creating 2 million jobs.
The stimulus package was a mistake. The very premise of the stimulus package has been proven faulty; the notion that this money needed to be pumped into the economy right away is refuted by the fact that the United States government expects most of the stimulus money to be spent in 2010.
Even their job claims are ridiculous. Sure, it’s conceivable that 2 million more people would be out of work had it not been for the stimulus, but considering the length and depth of the increased unemployment in the United States over the last 12 months, it’s pretty hard to believe (especially if you accept the idea that the real unemployment rate in the United States is 17%). Further, the notion of jobs being created was always absurd, and often interpreted creatively. The administration appears to understand this, and have continued to walk back from their original claims of the job-creating power of the stimulus. However, on the anniversary of this grand mistake, they are throwing reason to the wind, standing tall on the shoulders of this fiscal albatross.
Even if Barack Obama says it, it does not make it true.
The encouraging thing is that America seems to be waking up to the debacle of creating a DNC-controlled Senate, HOR and White House.
The bad news is we have three more years of the Commie Obamessiah jackhammering the foundation pillars of America. I’m hoping the American People provide a balance of power in Congress to offset Obama’s retarded policy decisions. That’s really the only hope at this moment.