Russ Steele
Obama's Stimulus is not working, the unemployment continues to climb. The Heritage Foundation Morning Bell has the details.
And not to be out done by the Feds California's Governor is holding a Global Climate Summit conference in Los Angles to support his views that more regulations are required to save the planet from global warming. Each of these regulations come with more taxes and fees. As Dan Logue, 3rd District Representative point out yesterday at the ERC Board meeting most of these regulation are implemented and enforced by non-elected bureaucrats who have little concern for the economy, only their religious commitment to the environment. Add the Federal Cap and Trade regulations, and it is going to be a long, long time before our economy recovers.
Obama's Stimulus is not working, the unemployment continues to climb. The Heritage Foundation Morning Bell has the details.
Another month, another 263,000 jobs lost under the Obama administration. According to Bureau of Labor and Statistics data released this morning, the United States economy has lost 3.6 million net jobs since President Barack Obama was sworn into office and the unemployment rate has risen from 7.6 % to 9.8%. It was not supposed to be this way. The experts in the Obama administration promised the American people that the President’s $787 billion stimulus package would create 4 million jobs by the end of 2010. According to the Obama administration’s expert plan, the stimulus was supposed to create or save enough jobs that the unemployment rate would only be 7.8% by this time. Instead unemployment rose last month and is now at a 26-year record high of 9.8%.It is clear that citizens no longer trust their government and are hunkering down and have stopped spending "holding back due to existing excessive tax and regulatory burdens. Instead of making this situation better, the Obama administration and Congress seem intent on making it worse by enacting new taxes and regulations on energy and passing health care legislation that will tax businesses for creating jobs and encourage lower wages."
When the Obama administration first unveiled their stimulus plan in November they claimed it would create 2.5 million jobs by the end of 2010. At the time BLS reported that U.S. economy employed about 136.1 million jobs. But by January that number fell to 134.6 million jobs. Not so coincidentally, the Obama administration upped the job-creating magic of the stimulus to 4 million jobs by the end of 2010. Putting these numbers together, we can create an objective standard to judge both the President and his stimulus by: 136.1 million plus 2.5 million equals 138.6 million; and 134.6 million plus 4 million equals 138.6 million. So the objective, Obama administration created, BLS data verifiable, jobs accountability number is 138.6 million. Today’s BLS report shows that President Obama is 7.6 million jobs short of his promise to the American people.
And not to be out done by the Feds California's Governor is holding a Global Climate Summit conference in Los Angles to support his views that more regulations are required to save the planet from global warming. Each of these regulations come with more taxes and fees. As Dan Logue, 3rd District Representative point out yesterday at the ERC Board meeting most of these regulation are implemented and enforced by non-elected bureaucrats who have little concern for the economy, only their religious commitment to the environment. Add the Federal Cap and Trade regulations, and it is going to be a long, long time before our economy recovers.
