Yesterday, the president touted the now-$862 billion economic “stimulus” on its one-year anniversary. He sung its praises to high heaven: “We have rescued this economy from the worst of this crisis. The American people are rebuilding a better future.”
With no help from him or his ludicrous, counterproductive “stimulus.”
Today we get word of two disturbing developments: 1. Initial claims for unemployment benefits jumped last week to an unexpected high, and this jump comes after the previous week’s jobless number was revised UPWARD. And 2. Inflation is starting to creep in, with the producer price index unexpectedly surging.
The stimulus has made things worse, not better. You cannot take nearly a trillion dollars out of the private sector and push it into the public sector and create jobs and real growth. Government kills growth and productivity, it doesn’t generate them.
On this, Obama isn’t naive or clueless. He knows exactly what he’s doing. He INTENDED to take the trillion dollars out of the private sector because he intends to grow and grow and grow government. The “stimulus” created or saved nearly no private sector jobs. But government jobs? Boom times. Mission accomplished.
The people suffer at the hands of radical progressives hell-bent on destroying the private sector. Sounds a lot like the socialist utopias of the Soviet Union, or modern Cuba or Venezuela. All hail, Che Obama.
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