A Year After Obama and Romer's Recovery Plan, 3 Million Jobs Lost and 10% Unemployment

A year after Obama and Romer's so-called recovery plan, 3 million jobs lost and 10% unemployment is where the US currently stands. If your name is Barack Hussein Obama and one of your economic advisers' is Christina Romer, you have nothing to be proud of at all. In fact, you may well consider kicking yourself immediately.

The date: January 9, 2009. The insanely optimistic report: The Job Impact of the American Recovery and Reinvestment Plan. The author: Christina Romer. The president on whom this reflects: Barack Obama. Today is the dreaded, one-year anniversary of a now-most infamous report, The Job Impact of the American Recovery and Reinvestment Plan. If the out-and-out lies contained therein wouldn't be so disgusting, it may even well be funny, or at least pathetic in the most fundamental sense.

Of all the cataclysmic errors the Obama Administration made, The Job Impact of the American Recovery and Reinvestment Plan is likely their worst, at least economically. When you hear commentators like Sean Hannity hold over the heads of Obama and company the fact that they said the stimulus had to be passed immediately if the unemployment rate was to stay below 8%, this is the report in reference. When you hear GOP lawmakers like Eric Cantor say that Obama promised to keep the unemployment rate beneath at least 8.5% if the stimulus bill passed, this is the report in reference.

This report represents a very damning and telling look into how the Obama Administration lies to the American people, but when caught-after several months of reality failing to match their insane forecasts-they always downplay the deception as something that somehow wasn't binding. On the one-year anniversary of this epic debacle, what better time to examine exactly the extent of the Obama lies?!

For starters, the report uses the most crooked means of calculating economic data. In example, when Obama says 150000 jobs have been "created" or "saved," that's simply based on baseless projections that Romer came up with before Obama even came into office! Further deteriorating the credibility of that laughingstock report is the fact that lots of insane assumptions are made without reliable foundations. In example, Romer used a so-called rule of thumb that dictated that a 1% increase in GDP equals about one million jobs. The only, barely noticeable issue with that idiot methodology is that it's derived from "historical experience and so will not apply exactly in any given episode," according to Romer herself! That begs the question, Then why the heck use that methodology in the first place???

For its part, the Obama Administration is just relapsing to the same, old, tired, predictable tactic of blaming Bush. No, I didn't insert an unexpected joke here to lighten the mood...that's really what Jared Bernstein, chief economist to VP Biden, said in a June 8, 2009 press briefing. Bernstein alleged that the contraction in the fourth quarter of 2008 was worse than they expected...which would mean they failed to even guess correctly. So...even when the Obama Administration is trying to blame Bush, they still fail and incriminate themselves instead!

In all fairness, when your economic track record is as hellishly awful as Obama's, you'd probably lie through your teeth, too, to shift the blame. The real numbers are, as of the date of this writing, 10% unemployment (17.3% according to a broader measure of unemployment) and 3 million jobs lost under Obama. Just yesterday, 85000 more Americans lost their jobs, another statistic the Obama Administration didn't expect! Contrast these nightmarish figures with Obama's insane delusion-that the US economy had "created" or "saved" 150000 jobs by May of last year-and you begin to develop limitless anger for a president who is either lying or out of touch, or both!

Get angrier by seeing Obama brag about "creating" non-existent jobs to the tune of one million:

To send Marc questions, praise or criticism, you can email him at marc_schenker@telus.net.

Additional Reading: Unapologetic Obama Claims "buck Stops with Me," Proof Obama Counterterrorism Aide John Brennan Doesn't Know What He's Doing!, Top Ten Obama Failures for 2009

Sources:

3 Million Jobs Lost Since Obama's Stimulus Plan Passed, TomGReport.com

Cantor and other Republicans say Obama promised stimulus would keep unemployment rates below 8 percent, PolitiFact.com

Brooks Jackson, Making Sense of Stimulus Spending, Factcheck.org

Press Briefing by Press Secretary Robert Gibbs and the Vice President's Chief Economist, Jared Bernstein, WhiteHouse.gov

Tom Raum, Obama refocuses on jobs after weak labor report, AP

Remarks by the President on Alternative Energy, WhiteHouse.gov