John Kartch

Ten Most Memorable Quotations from Obama's First Six Months


Posted by John Kartch on Monday, July 20th, 2009, 2:57 PM PERMALINK


To mark the occasion of the first six months of the Obama administration, Americans for Tax Reform has compiled ten memorable quotations by the President and his staff:

1. On Feb. 9, Obama claims the “stimulus” plan is free of pet projects and earmarks:
 
“What it does not contain, however, is a single pet project, not a single earmark, and it has been stripped of the projects members of both parties found most objectionable.”
 
2. Feb. 24, Obama makes his first address to a joint session of Congress and claims he doesn’t believe in “bigger government”:
 
“As soon as I took office, I asked this Congress to send me a recovery plan by President’s Day that would put people back to work and put money in their pockets, not because I believe in bigger government -- I don't -- not because I'm not mindful of the massive debt we've inherited -- I am.” 
 
3. Though his budget doubles the national debt in ten years, Obama claims the following on March 24:
 
“It’s with a budget that leads to broad economic growth by moving from an era of borrow-and-spend to one where we save and invest.”
 
4. On March 30, the day after he fired GM CEO Rick Wagoner, Obama makes the following claim:
 
Let me be clear: the United States government has no interest or intention of running GM.”
 
5. On April 1, the day Obama’s pledge-breaking 61 cents per pack increase in the federal excise tax on cigarettes went into effect, White House spokesman Reid H. Cherlin has the audacity to claim Obama’s central campaign pledge not to raise “any form” of taxes on those making less then $250,000 per year only applies to “income or payroll” taxes:
 
"The president's position throughout the campaign was that he would not raise income or payroll taxes on families making less than $250,000, and that's a promise he has kept.”
 
6. On April 14, asked about the taxpayer tea parties attended by at least 600,000 people the following day, Obama spokesman Robert Gibbs said:
 
 I don't know if the President is aware of the events.”
 
7. On April 15, when challenged as to how Obama squares his promise not to raise taxes on those making less than $250,000 per year while simultaneously raising taxes on cigarettes, Gibbs says:
 
“People make a decision to smoke.” 
 
8. Minutes later, during the same press conference, Gibbs states that Obama’s tax pledge has “no caveats”, directly contradicting his fellow spokesman Reid H. Cherlin (see #5 above)
 
“The statement didn’t come with caveats.”
 
9. On June 16, in an interview with the Wall Street Journal, Obama once again claims he has a limited government philosophy:
 
"I think the irony … is that I actually would like to see a relatively light touch when it comes to the government."
 
10. On July 7, referring to his “stimulus”, Obama says:
 
“There’s nothing that we would have done differently.”
 
BONUS: On July 16, Vice-President Biden said the government is going bankrupt, and in order to prevent this from happening, the government should spend more money:
 
“We have to go spend money to keep from going bankrupt"
 

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President Obama's Six Month Review


Posted by John Kartch on Friday, July 17th, 2009, 3:10 PM PERMALINK


A day by day account of Obama’s tax hikes, broken promises, record debt, rising job loss, non-transparency, protectionism, and memorable quotations

As Barack Obama will mark his first six months in office on Monday, Americans for Tax Reform today released the following comprehensive dossier:
 
Day 7 – January 26: Treasury Secretary Tim Geithner is sworn in by Obama despite having owed more than $40,000 in back taxes and interest.
 
Day 10 – January 30: After a long career working and voting FOR tax increases and working and voting AGAINST tax cuts, Obama’s Department of Health and Human Services (HHS) nominee Tom Daschle is first reported to have paid over $100,000 in back taxes. 
 
“Make no mistake: Tax cheaters cheat us all. And the IRS should enforce our laws to the letter.” (Sen. Tom Daschle speaking on the Senate floor on May 7, 1998)
 
Day 13 – Feb. 1:  The European Union warns the US of serious ramifications, including an international trade war, if the President pursued a “Buy American Policy”.
 
Day 15 – February 3: Tom Daschle withdraws his nomination due to tax problems. 
 
Chief Performance Officer-designate Nancy Killefer withdraws her nomination due to tax problems.
 
Day 16 – February 4: On the sixteenth day of his presidency, Obama breaks one of the central promises of his campaign by singing into law a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack, which took effect on April 1. Obama promised repeatedly on the campaign trail that he would never raise taxes on those making less than $250,000 per year, for example:
 
“I can make a firm pledge.  Under my plan, no family making less than $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes (September 12, 2008, Dover, NH)
 
"No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised," Joe Biden said, "whether it's their capital gains tax, their income tax, investment tax, any tax."(Joe Biden, Oct. 3, 2008, Vice Presidential Debate, St. Louis, MO)
 
The tax increase falls squarely on the shoulders of the middle- and low-income Americans Obama said he would not raise taxes on: 55 percent of smokers are “working poor”, one in four smokers live below the poverty line, and on average, smokers, whose median income is a little more than $36,000 make about 30 percent less than non-smokers.
 
Day 21 – February 9:   Calling for a massive government spending program under the guise of “stimulus” Obama holds his first press conference and fails to provide a single historical example where a government increased spending which led to increased jobs, income, and wealth on any sustainable basis. 
 
Obama also has the audacity to claim the “stimulus” plan is free of pet projects and earmarks:
 
“What it does not contain, however, is a single pet project, not a single earmark, and it has been stripped of the projects members of both parties found most objectionable.”
 
Responding to a reporter’s question as to what specific metric the American people should use to determine whether Obama’s programs are working, Obama replies:
 
“I think my initial measure of success is creating or saving 4 million jobs.” 
 
               (How, exactly, does one measure a “saved” job? See March 4 for details)
 
Obama promises that the next day “Tim Geithner will be announcing some very clear and specific plans for how we are going to start loosening up credit once again.”
 
Day 22 – February 10: Instead of offering specifics in his testimony to the Senate Banking Committee, Geithner issues vague statements and echoes FDR’s economically paralyzing “bold, persistent experimentation” philosophy: 
 
“We will have to adapt our program as conditions change. We will have to try things we’ve never tried before. We will make mistakes. We will go through periods in which things get worse and progress is uneven or interrupted.”
 
Day 23 – February 11: Obama speaks to employees of heavy-machinery manufacturer Caterpillar, claiming that the “stimulus” bill would allow the company to hire back many of the employees it had previously laid off.
 
 
Day 24 – February 12: The day after Obama tells Caterpillar workers the “stimulus” will save their jobs, the company’s CEO James Owen states “The honest reality is we're probably going to have more layoffs before we start hiring again.”
 
Sometime around 10:00 PM: The “Stimulus” conference report is completed behind closed doors. Less than sixteen hours pass before the bill is taken up by the House.
 
Day 25 – Friday, February 13:
 
2:24 PM: With not a single Member voting for the bill having claimed to have actually read it, the House passes the conference report for H.R.1, the “American Recovery and Reinvestment Act of 2009”. 
 
5:29 PM: With not a single Member voting for the bill having claimed to have actually read it, the Senate passes the conference report for H.R. 1. 
 
Day 29 – February 17: Obama signs the “Stimulus” bill and violates his transparency pledge to the American people that he will allow legislation to be posted online for five full days before signing it. 
 
“No more secrecy. … when there's a bill that ends up on my desk as president, you, the American voter, will have five days to look online and find out what it is before I sign it, so that you know what your government's doing.”
(June 22, 2007. Manchester, New Hampshire)
 
The below is copied directly from the Ethics section of BarackObama.com:
 
Sunlight Before Signing:  Too often bills are rushed through Congress and to the president before the public has the opportunity to review them. As president, Obama will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days.
 
Obama also breaks his spending promise:
 
“So we’re going to have to make some investments but we’ve also got to make spending cuts, and what I’ve proposed -- you’ll hear Senator McCain say ‘he’s proposing a whole bunch of new spending’ -- but, actually, I’m cutting more than I’m spending.  So that it will be a net spending cut.”  (Oct. 7, 2008. Second Presidential Debate, Nashville, TN)
 
The “stimulus” still includes “Buy American” protectionist language. U.S. cities and some states aren’t obligated to follow the rules of the World Trade Organization and the North American Free Trade Agreement (NAFTA).
 
"I agree that we can't send a protectionist message," Obama said in an interview earlier in the month.
 
 
Day 36 – February 24: Obama makes his first address to a joint session of Congress and claims he doesn’t believe in “bigger government”:
 
“As soon as I took office, I asked this Congress to send me a recovery plan by President’s Day that would put people back to work and put money in their pockets, not because I believe in bigger government -- I don't -- not because I'm not mindful of the massive debt we've inherited -- I am.” 
 
Obama again has the audacity to claim the “stimulus” bill contained no earmarks:
 
“Now, I'm proud that we passed a recovery plan free of earmarks, and I want to pass a budget next year that ensures that each dollar we spend reflects only our most important national priorities.”
 
 
Day 38 – February 26: Obama releaseshis budget outline which raises taxes on individuals, employers both large and small, and shareholders -- while eliminating several energy tax credits. 
 
The budget also calls for a “cap and trade” regime, making an absolute mockery of Obama’s central campaign promise not to raise any form of taxes on those making less than $250,000 per year.
 
Obama also shatters his campaign promise to enact net spending cuts during his administration:
 
“So we’re going to have to make some investments but we’ve also got to make spending cuts, and what I’ve proposed -- you’ll hear Senator McCain say ‘he’s proposing a whole bunch of new spending’ -- but, actually, I’m cutting more than I’m spending.  So that it will be a net spending cut.”  (Oct. 7, 2008. Second Presidential Debate, Nashville, TN)
 
(The Obama FY 2009 budget increases federal spending to 28.5% of GDP, a post World War II high.)
 
Day 41 – March 1: The Obama administration foreshadows another broken promise when Peter Orszag, appearing on This Week with George Stephanopoulos, claims the 8,000 earmarks in the 2009 Omnibus Appropriations Act of 2009 are “last year’s business. We just need to move on.” The statement by Orszag is not consistent with Obama’s campaign promise made in the first presidential debate:
 
“And, absolutely, we need earmark reform. And when I'm president, I will go line by line to make sure that we are not spending money unwisely.” (Sept. 26, 2008. First Presidential Debate, Oxford, Miss.)
 
Day 44 – March 4: While testifying before the Senate Finance Committee, Secretary Geithner is challenged by Sen. John Ensign (R-Nev.) as to the invention by the Obama administration of a new metric – “creating or saving” jobs – the very same metric Obama claimed on Feb. 9 is the most important measure of success:
 
SEN: JOHN ENSIGN: "You created a situation where you cannot be wrong. If the economy loses 2 million jobs over the next few years, you can say yes, but it would've lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs," Ensign said. "You've given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct."
 
CNN visits the site of the first “stimulus” dollars to hit the ground: An $8.5 million bridge near the town of Tuscumbia, Missouri – population 223.
 
Day 45 – March 5: Testifying before the House Budget Committee, Secretary Geithner concedes Obama’s budget raises taxes on small businesses, but focuses on a meaningless metric: The percentage of small businesses affected rather than the fact that two-thirds of small business profits will be subject to higher taxation.
 
Day 46 – March 6: The Bureau of Labor Statistics reports the unemployment rate rose from 7.6% to 8.1%, and the economy shed 651,000 jobs in the month of February.
 
Day 51 – March 11: Obama signs HR 1105, the Omnibus Appropriations Act of 2009, a $410 billion piece of legislation containing over 8,000 earmarks. By signing the bill, Obama breaks at least three of his most important campaign promises:
  1. Transparency – Obama promised to post passed legislation online for five full days before signing it.  Obama signed the Omnibus spending bill less than a day after he received it from Congress.
“When there is a bill that ends up on my desk as President, you, the American voter, will have five days to look online and find out what it is before I sign it.
(June 22, 2007. Manchester, New Hampshire)
  1. Overall spending – Obama promised to enact net spending cuts as President.  The Omnibus bill is more than 8 percent higher than 2008 spending levels.
“So we’re going to have to make some investments but we’ve also got to make spending cuts, and what I’ve proposed -- you’ll hear Senator McCain say ‘he’s proposing a whole bunch of new spending’ --but, actually, I’m cutting more than I’m spending.  So that it will be a net spending cut.” 
(Oct. 7, 2008. Second Presidential Debate, Nashville, TN)
  1. Wasteful spending – Obama promised to “go line by line” to make sure taxpayer money was not wasted.  Among the questionable spending in the Omnibus bill is an earmark which sticks taxpayers with a $200,000 tab for a tattoo removal program in California.
“And, absolutely, we need earmark reform. And when I'm president, I will go line by line to make sure that we are not spending money unwisely.” (Sept. 26, 2008. First Presidential Debate, Oxford, Miss.)
 
Day 52 – March 12: While testifying before the Senate Budget Committee, Treasury Secretary Geithner acknowledges tax increases “hurt growth” – then proceeded to duck questions as to whether President Obama’s planned tax hikes would go into effect in 2011 regardless of the condition of the economy:
 
SEN. MIKE CRAPO, R-Idaho:   “You say that the tax increases will only happen when the economy has recovered.  I understand that a lot of economists are saying we are going to be recovered by 2011.   Frankly I think there are economists who are saying maybe our recovery will not be so strong by then.  My question to you is, are these tax increases contingent on a recovery or are they going to happen regardless of what happens in 2011?”
 
SEC. GEITHNER:  “Senator, I think it is a very important question.  I think, again, we need to lay out an ambitious path for bringing those deficits down, commit to achieving that with a mix of measures on the resource side and the spending side to do the best possible job of leaving our economy stronger, and that’s what the President’s budget tries to do.  Now of course we are going to have to watch how the economy evolves and I want to underscore that one of the mistakes governments have made over time in dealing with economic crises is putting the brakes on too quickly or in ways that hurt growth just as it’s starting to take hold.  We just want to be careful not to do that.”
 
SEN. CRAPO:  “So are you saying if we don’t see the more rosy picture in 2011 that we may not see the Administration suggest that we move to enact tax increases?”
 
SEC. GEITHNER:  “I’m just saying that recovery requires that we keep stimulus sustained until growth is in place but we have to do it in a fiscally responsible way.”
 
Earl Devaney, chairman of the Recovery Act Accountability and Transparency Board (RAT Board) cautions that it would be at least a year before recovery.gov, the website that is supposed to be tracking “stimulus” spending, will be running properly. He also points out that there will be waste and fraud:
 
“I'm afraid that there may be a naive impression that given the amount of transparency and accountability called for by this act, no or little fraud will occur. My 38 years of federal enforcement experience tells me that some level of waste and fraud is unfortunately inevitable."
 
 Day 57 – March 17: The Providence Journal reports that the city of Pawtucket in Rhode Island will be using $550,000 in federal “stimulus” money to build a skateboarding park and renovate tennis and basketball courts at a local high school.
 
Caterpillar announces it is laying off 2,454 employees.
 
Day 60 – March 20: The Congressional Budget Office (CBO)releases a report on the cost of Obama’s budget. According to the report:

 

Day 64 – March 24:   During the second press conference of his presidency, Obama tells the nation his budget moves “from an era of borrow-and-spend to one where we save and invest.”
 
Obama also falsely claims his budget “will provide a tax cut to 95 percent of all working families that will appear in people’s paychecks by April 1.” 
 
In reality, it is impossible to cut taxes for “95 percent of working families.”
 
According to IRS data, one-third of all income tax filers do not have an income tax liability.  About 15 percent of all working families do not even have a FICA tax liability, and these numbers are before taking into effect all the new refundable tax credits in the Obama budget.  For these “working families,” all Obama’s budget will do is cut them the equivalent of a welfare check.
 
Day 65 – March 25: Mexico retaliates in response to the U.S. violation of NAFTA in the “Omnibus Spending Bill” by increasing tariffs on 90 U.S products. President Obama had inserted a provision in the bill that denied funding for a two-year-old pilot program which allowed some Mexican trucks to operate in the U.S.
 
"We consider that the United States is mistaken, protectionist and clearly violating the treaty," stated Mexico's Economy Secretary, Gerardo Ruiz Mateos.
 
Day 66 – March 26:  An Associated Press story reports that the Obama Administration’s claims to “save and create” jobs through the “stimulus” package cannot be substantiated.  ATR says “We told you so.”
 
Day 69 – March 29: President Obama fires the CEO of General Motors, Rick Wagoner.
 
Day 70 – March 30: President Obama delivers a speech on the automobile industry and General Motors claiming: “Let me be clear: the United States government has no interest or intention of running GM.”
 
Day 70 – March 30: Obama signs the Omnibus Public Lands Management Act, a bill containing numerous earmarks, including $3.5 million to celebrate the 450th Anniversary of St Augustine, Florida in 2015.
 
Day 71 – March 31: The White House discloses that Kathleen Sebelius, its second nominee to head the Department of Health and Human Services, had to pay $7,040 in back taxes.
 
Onvia, a Seattle-based company launches Recovery.org.  While the administration is looking to lower expectations regarding recovery.gov, recovery.org already contains much more useful information that the administration’s site which primarily boasts spin and propaganda.
 
The GAO releases a report on TARP underscoring the lack of transparency and accountability in the program.
 
Day 72 – April 1: On April Fool’s Day, Obama’s first broken promise goes into effect: His promise not to raise any form of taxes on those making less than $250,000 per year. Signed into law back on Feb. 4, on just the sixteenth day of his presidency, the 156 percent –61 cents per pack -- cigarette tax increase falls largely on the shoulders of middle and low-income Americans.
 
“I can make a firm pledge.  Under my plan, no family making less than $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” (Barack Obama, September 12, 2008, Dover, NH)
 
"No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax."(Joe Biden, Oct. 3, 2008, Vice Presidential Debate, St. Louis, MO)
 
Asked about the tax increase/broken promise, White House spokesman Reid H. Cherlin said "The president's position throughout the campaign was that he would not raise income or payroll taxes on families making less than $250,000, and that's a promise he has kept.”
 
Day 73 – April 2: The House and Senate pass the Obama budget outline
 
Day 74 – April 3: Day 74 – April 3:  A Wall Street Journal story notes that CBO’s budget estimate from March also quietly revised the cost of TARP up from $189 billion in January to $356 billion.
 
The Bureau of Labor Statistics reports the unemployment rate rose from 8.1% to 8.5%, and the economy shed 663,000 jobs in the month of March.
 
Day 75 – April 4: Responding to questioning as to why Obama has not met his promise to post legislation online for five full days before signing it into law, senior advisor David Axelrod answered Have we achieved everything we want to achieve yet? No. We’ve actually been a little preoccupied. We’re trying to deal with some major challenges here.”
 
Day 78 – April 7: Janet Napolitano’s Department of Homeland Security releases a report titled “Rightwing Extremism: Current Economic and Political Climate Fueling Resurgence in Radicalization and Recruitment”
 
Day 85 – April 14: Asked about the tax day tea parties being held the following day, Obama spokesman Robert Gibbs said I don't know if the President is aware of the events.”
 
Day 86 – April 15: At least 578,000 Americans attend at least 540 tax day tea parties across the country.
 
When challenged as to how Obama squares his promise not to raise taxes on those making less than $250,000 per year while simultaneously raising taxes in cigarettes, spokesman Robert Gibbs replies that People make a decision to smoke.” 
 
Yet minutes later, during the very same press conference, Gibbs stated that Obama’s tax pledge had no caveats: “The statement didn’t come with caveats.”
 
Day 88 – April 17: Despite her tax problems, Kathleen Sebelius wins Senate Committee approval.
 
Day 90 – April 19: Obama senior advisor David Axelrod, appearing on the CBS Sunday morning show Face the Nation, describes the taxpayer tea parties as “unhealthy”.
 
Day 91 – April 20: Obama insults taxpayers by calling for a mere $100 million in spending cuts from the federal budget within 90 days. 
  • $100 million represents .003% (three one thousandths of a percent) of Obama’s FY 2010 budget.
  • $100 million is what the federal government spends every 13 minutes.
  • As Harvard Economist Greg Mankiw points out, cutting $100 million from the federal budget is the equivalent of a family spending $100,000 per year cutting a $3 latte from the annual budget.
Attempting to defend the paltry amount of proposed cuts, Obama spokesman Robert Gibbs tells reporters: “I'm not making jokes about it.  I'm being completely sincere that only in Washington, D.C. is $100 million not a lot of money.  It is where I'm from.  It is where I grew up.  And I think it is for hundreds of millions of Americans.”
            [Video]
 
Day 93 – April 22: Happy Earth Day? Obama sends three cabinet officers to Congress to testify in favor of the energy provisions in his budget, threatening Americans with a H$10,000 tax hike per yearH on every American family once fully phased in.
 
A GAO report warns of a lack of accountability and oversight for “stimulus” spending, and points out the slow pace of spending in spite of Vice President Joe Biden’s assertion that “stimulative spending is ahead of schedule.”
 
Day 95 – April 24: In one of the most egregious abuses of ‘stimulus’ funds, $800,000 is committed to build a new runway at “Murtha airport”. Murtha stands by funding the airport despite the fact only three flights depart the airport on weekdays. 
 
Day 98 – April 27: A White House approved Air Force One “picture mission” tears across the skies of New York City trailed by two F-16s, reminding understandably frightened New Yorkers of 9/11. The photo op was a $328,835 “mistake” according to the President.
 
Day 105 – May 4: President Obama announces his plans to double-tax the international profits of American firms, a proposal which will cause U.S. companies to ship jobs overseas and relocate their headquarters abroad. Americans for Tax Reform countered the Obama administration’s claims.
 
Day 108 – May 7: President Obama releases a misleading budget document that claims to consist solely of spending cuts, but in fact contains $26.4 billion worth of energy taxes.
 
Day 113 – May 12: President Obama’s Treasury releases the “Green Book” -- the details of his plans for tax increases. ATR exposes details of his ‘tax increase playbook’:
  • Some families making less than $250,000 per year will see an income tax hike, yet another violation of Obama’s tax pledge
  • American families will bear the brunt of the Obama tax blueprint’s energy tax hike
  • Small businesses will shed jobs to pay for the higher small business tax rates
WBAL TV in Baltimore reports that thousands of dead people are receiving “stimulus” checks in the mail.
 
Day 116 – May 15:  Americans for Tax Reform releases an overall review of Obama’s energy tax hikes, a total of $968 billion in new taxes.
 
 
Day 121 – May 20: Democrats on the House Energy and Commerce Committee hire a speed reader to read the Waxman-Markey ‘cap-and-tax’ bill; anything to avoid actually reading the legislation themselves.
 
Day 128 – May 27:  The Washington Post reports the Obama White House has not ruled out a Value Added Tax (VAT) to finance government-run health care.  Peter Orszag’s spokesman Kenneth Baer confirms: “While we do not want to rule any credible idea in or out as we discuss the way forward with Congress, the VAT tax, in particular, is popular with academics but highly controversial with policymakers.”
 
Obama marks 100 days since the passage of the “stimulus” bill. According to the Administration, $112 billion from the “stimulus” has been spent or obligated at this point.  Assuming that the President’s unsubstantiated claim that the legislation has “saved” 150,000 jobs is correct, each job “saved” cost taxpayers $746,600. 
 
Day 135 – June 3:  Vice President Biden, in defending the “stimulus” says “we know some of this money is going to be wasted”.  Does ‘we’ include Barack Obama? Apparently the President was not on the same page when he claimed the “stimulus” would be “without waste, without inefficiency, without fraud” back on February 20.
 
President Obama makes official his support of government-run health care in a letter to Senators Baucus and Kennedy.
 
“Buy American” language in the “stimulus” causes Canadian municipalities to pass their own protectionist legislation. "If one country starts to build protectionist barriers that hurt businesses in another country, there will be an impulse to retaliate, and I would like to see this resolved at the executive level in the United States," states Canada’s Trade Minister Stockwell Day.
 
Day 137 – June 5: The Bureau of Labor Statistics employment report Hshows steep job losses under President Obama:
  • 345,000 jobs lost in the month of May
  • 1.5 million jobs lost in the three full months since the “stimulus” bill passed
  • 9.4 percent unemployment, the highest level since 1983.
However, in January, White House economic advisors Christina Romer and Jared Bernstein said the unemployment rate would not rise above 8% if the “stimulus” was passed.
 
Day 140 – June 8:  Microsoft CEO Steve Ballmer says Obama’s double-tax proposal will cause the company to move jobs out of the U.S.  “It makes U.S. jobs more expensive…we’re better off taking lots of people and moving them out of the U.S.”
 
Day 141 – June 9: President Obama submits a PAYGO proposal which would give a built in excuse to raise the short- and long-term cost of government AND practically require Congress to raise taxes to "pay for" it. 
 
Day 142 – June 10: The U.S. Chamber of Commerce announces a new campaign to support free enterprise “in the face of rapid government growth and attacks by anti-business activists.”
 
Day 143 – June 11: President Obama reiterates his support for a public health care option. During the same town hall meeting in Green Bay, Wisconsin, President Obama also claims he doesn’t believe in expanding the government’s role:
 
The reason is not because we want a government takeover of health care…I've already said, if you've got a private plan that works for you, that's great. But we want some competition. If the private insurance companies have to compete with a public option, it'll keep them honest, and it'll help keep their prices down.”
 
 
Day 146 – June 14: On Meet the Press, Vice President Biden admits the “stimulus” was based on incorrect assumptions about the economy and the Administration cannot measure whether it has “saved or created” any jobs:
 
"Everyone guessed wrong at the time the estimate was made about what the state of the economy was at the moment this was passed."
 
Biden confirms the taxation of employee health care benefits is on the table:
 
“MR. GREGORY:  Will the president sign a bill that taxes health care benefits for employees?
VICE PRES. BIDEN:  We made it clear we do not think that is the way to go. We think that is the wrong way to finance this legislation.
MR. GREGORY:  So if the bill comes with that...
VICE PRES. BIDEN:  But--no, no, no.
MR. GREGORY:  ...the president wouldn't sign it?
VICE PRES. BIDEN:  I didn't say that.”
  
Day 147 – June 15: Obama again asserts he does not want to expand the role of government, this time during a speech to the American Medical Association: “When you hear the naysayers claim that I’m trying to bring about government-run health care, know this – they are not telling the truth”
 
Day 148 – June 16:  In an interview with Bloomberg News, Obama states he is “confident” he will not have to raise taxes on “ordinary working families”: 
 
“One of the biggest variables in this whole thing is economic growth. If we are growing at a robust rate, then we can pay for the government that we need without having to raise taxes.”
 “I’m confident that we don’t have to raise taxes on ordinary working families.”
 
 
Earl Devaney, head of the Recovery Act Accountability and Transparency (RAT) Board, estimates that at least $55 billion of “stimulus” funds may be lost to waste, fraud and abuse.
 
 
Obama once again claims he has a limited government philosophy during an interview with the Wall Street Journal:
 
"I think the irony … is that I actually would like to see a relatively light touch when it comes to the government."
 
Day 151 – June 19: The White House suggests the American people should not take President Obama’s word literally when he says:
 
“If you like your doctor, you will be able to keep your doctor, period. If you like your health care plan, you'll be able to keep your health care plan, period. No one will take it away, no matter what.”
 
But, according to the Associated Press:
 
“White House officials suggest the president’s rhetoric shouldn’t be taken literally: What Obama really means is that government isn’t about to barge in and force people to change insurance.”
 
 
 
“When there’s a bill that ends up on my desk as president, you the public will have five days to look online and find out what’s in it before I sign it, so that you know what your government’s doing”
 
Day 155 – June 23: Obama supporter Warren Buffet announces his opposition to the Waxman-Markey cap-and-trade bill saying:
 
“It’s a huge tax, and there’s no sense calling it anything else. I mean it is a tax, and it is a fairly regressive tax…There are very poor people who are going to pay a lot more for electricity.”
 
Day 158 – June 26: The Waxman-Markey “cap-and-trade” bill, the biggest tax in American history, is brought to the House floor.
 
3:09 AM – A 300 page amendment is added to Waxman-Markey.
 
6:10 PM – Leader Boehner (R-Ohio) filibusters Waxman-Markey by reading the 300 page amendment that was added in the middle of the night, and was still not in the copy present on the House floor.
 
7:45 PM – Waxman-Markey passes the House of Representatives. There was no final bill at the time of the vote, and no representative who voted for the bill ever read it.
 
 
Day 160 – June 28: Obama Senior Advisor David Axelrod appears on ABC’s “This Week with George Stephanopoulos” where Axelrod leaves the door open for Obama to tax health benefits, which would again break his central campaign promise not to raise taxes on people making under $250,000 a year.
 
AXELROD: “George, I think the president has made clear the way he feels this should be funded. And certainly is consistent with what he said during...”
STEPHANOPOULOS: “But he's not drawing a line in the sand.”
AXELROD: “... the campaign.”
STEPHANOPOULOS: “He said that.”
 
The Competitive Enterprise Institute releases EPA documents indicating that an EPA study “which concludes that carbon dioxide is not a significant cause of climate change, (yet) was suppressed by the EPA for political reasons.
 
Chairman of the White House Council of Economic Advisors, Christina Romer, tells the Financial Times: “We always knew we were not going to get all that much fiscal impact during the first five to six months. The big impact starts to hit from about now onwards”.
 
This view is curiously out of step with Administration officials during the time they were pushing the stimulus:
 
Peter Orszag: “take weeks to months” for the stimulus to be felt
Larry Summers: “You'll see the effects begin almost immediately”
 
Day 161 – June 29: Obama’s Energy Czar Carol Browner admits she has not read the Waxman-Markey cap-and-trade legislation.
 
Day 163 – July 1: Helen Thomas, the longest serving White House press corps member, chastises the Obama administration for controlling the questions for Obama’s healthcare town hall event:
 
“I'm amazed -- I'm amazed at you people who call for openness and transparency and –“
MR. GIBBS:  “Helen, you haven't even heard the questions.”
 “It doesn't matter.  It's the process…Even if there's a tough question, it's a question coming from somebody who was invited or was screened, or the question was screened.   It's shocking.  It's really shocking.”
 
 
Day 164 – July 2: The Bureau of Labor Statistics releases a report stating 467,000 jobs were lost in June, pushing the unemployment rate to 9.5%.
 
Day 165 – July 3: World Bank President Robert B. Zoellick warns that protectionism could threaten recovery from a global recession. “It seems appealing in countries to buy their own national products…Buy America. Buy Canada. Buy Chile. Buy China. But that's the road to the problem that exacerbated the downturn in the 1930s and led to the Great Depression.”
 
Day 166 – July 4: Citizens around the country rally for an estimated 600 Tea Party protests. Americans voice their discontent with reckless spending, taxation, and a rapidly expanding federal government.
 
Day 167 – July 5: In an interview on “This Week with George Stephanopoulos” Vice President Biden says:
 
“And so the truth is, there was a misreading of just how bad an economy we inherited.”
 
Biden then claims there has been no waste in stimulus spending:
 
“There were other predictions. This was going to be wasteful and all these terrible projects were going to be out there, and we're wasting money. Well, that dog hasn't barked yet.
 
Yet, on June 2 he said the exact opposite:
 
“We know some of this money is going to be wasted"
 
Day 168 – July 6: Rasmussen reports that only 27% of the country supports a second stimulus, with 60% disapproving.
 
Day 169 – July 7: Obama advisor Laura Tyson advocates a second stimulus, “The economy is worse than we forecast on which the stimulus program was based”.
 
On the very same day President Obama tells ABC’s Jake Tapper, “There’s nothing that we would have done differently,” referring to the original stimulus.
 
Day 170 – July 8: Perhaps taking a cue from Obama’s broken transparency promises, House Majority Leader Steny Hoyer (D-MD) laughs at the prospect of actually reading the legislation he is forcing upon the American people:
“If every member pledged to not vote for it if they hadn’t read it in its entirety, I think we would have very few votes”
 
Day 172 – July 10:  The General Services Administration awards a contract to defense technology firm Smartronix to create the new Recovery.gov website. The request for proposal was never posted online, and the new contract was not posted until July 10.
 
Day 173 – July 11: In an address to the African continent, President Obama says, “No business wants to invest in a place where the government skims 20 percent off the top.”
 
Day 175 – July 13: Obama’s fabricated and oft-repeated concept of a “saved or created” job is debunked by Christina Romer, Chair of the White House Council of Economic Advisors.
The stunning admission came during an interview with CNBC when Romer was challenged by host Maria Bartiromo:
 
MARIA BARTIROMO: “When the stimulus was first announced, the President said that he expected in the coming years, the Administration, based on the policies on economic revival could ‘save or create three and a half million jobs.’ At this point, does the Administration know how many jobs have been created or saved?”
CHRISTINA ROMER:  “It’s very hard to say exactly because you don’t know what the baseline is, right, because you don’t know what the economy would have done without it.”
 
Day 176 – July 14:  President Obama says unemployment will continue to rise:
 
“My expectation is, is that we will probably continue to see unemployment tick up for several months"
 
A CBS news poll shows 60% of Americans think the stimulus has had no impact and 15% say it has made the economy worse.
 
While introducing the new Surgeon General, Obama claims he is keeping his central campaign pledge:
 
“During the campaign, I promised health care reform that would control costs, expand coverage, and ensure choice. And I promised that Americans making $250,000 a year or less would not pay more in taxes. These are promises that we're keeping as reform moves forward.”
 
Day 178 – July 16: CBO Chairman Douglas Elmendorf tells the Senate Budget Committee that Obama’s healthcare plan will raise federal health care costs:
 
“In the legislation that has been reported, we do not see the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount and, on the contrary, the legislation significantly expands the federal responsibility for health care costs.”
 
Press Secretary Robert Gibbs once again dodges a question about Obama breaking his central campaign pledge:
 
Q: “Can you say flatly, then, does the President support the surtax that's in the House bill?”
 
MR. GIBBS: “I'm going to cleave to my voluminous answers on any other of the many proposals that we've discussed over the past 10 weeks: It's a process that we're watching.”
 
Vice President Biden states the federal government is going bankrupt, and in order to prevent this from happening, the government should spend more money:
 
“We’re going to go bankrupt as a nation,” Biden said. “Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that's what I’m telling you.”

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Obama's First Six Months: By the Numbers


Posted by John Kartch on Friday, July 17th, 2009, 9:47 AM PERMALINK


On Monday, President Barack Obama will mark his first six months in office.  Americans for Tax Reform has assembled the following numbers for taxpayers evaluating  Obama’s performance: 

10                     Number of years it will take to double the national debt under the Obama budget
 
16                     Number of days it took Obama to break his central campaign promise to not raise
                        “any form” of  taxes on Americans earning less than $250,000 per year by signing
                         an increase in the federal excise tax on tobacco
                        (Smokers’ median income is $36,000 per year)
 
153                   Number of days it took Obama to abandon his campaign promise to allow the public
                         to view legislation on his desk for five full days : “When there’s a bill that ends up on
                         my desk as president, you the public will have five days to look online and find out
                         what’s in it before I sign it, so that you know what your government’s doing.”
 
500                  Number of Fortune 500 companies who would ship jobs abroad as a result of Obama’s
                        proposed double taxation of American companies overseas
 
0                       Number of developed countries that have a higher corporate income tax rate than the
                        United States (we’re tied with Japan at 40%)
 
$50 billion       The amount of tax money raised per year for every one percentage point in a
                         Value Added Tax (VAT) scheme not ruled out by White House officials
 
33%                  The percentage of families filing a tax return that had zero or less in income taxes paid
                        (making it mathematically impossible to cut taxes for “95 percent of working families”)
 
800,000           Minimum number of Americans attending tax tea parties since Obama’s inauguration

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Radio Silence from Obama: House Dem Health Bill Violates Obama's Tax Pledge


Posted by John Kartch on Thursday, July 16th, 2009, 4:04 PM PERMALINK


Though the House Democrat health care bill blatantly violates President Obama’s central campaign tax pledge, Obama has yet to repudiate the bill. The following tax increases will directly hit Americans making less than $250,000 per year:
  • a tax on individuals failing to sign up for health care equal to the lesser of 2.5% of adjusted gross income (AGI) or the average individual premium amount.  There is no income floor on this, so this would hit any uninsured American of any income
  • a tax on employers for not providing a health care plan equal to 8% of payroll.  This becomes 0, 4, or 6 percent of payroll as payday totals dip below $400,000 annually.  This will even hit the smallest of small businesses, those making profits of less than $250,000
  • codification of the "economic substance doctrine," whereby taxpayers would not be able to engage in legal tax avoidance techniques without demonstrating a bona fide business purpose.  This would apply not only to large companies and wealthy individuals, but any taxpayer of any income who engages in a legal tax avoidance technique
These are only the tax increases which would fall directly on Americans making less than $250,000.  This doesn’t account for the other tax increases in the bill on small businesses which will kill jobs and slash wages.

On Monday, two days before the introduction of the bill, Obama said: “I promised that Americans making $250,000 a year or less would not pay more in taxes. These are promises that we're keeping as reform moves forward.”
 
On Wednesday, when asked for a flat answer as to whether Obama supported the surtaxes in the House bill, White House spokesman Robert Gibbs would only say “It's a process that we're watching.”

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White House jobs claim debunked by White House


Posted by John Kartch on Tuesday, July 14th, 2009, 2:35 PM PERMALINK


President Barack Obama’s fabricated and oft-repeated concept of a “saved or created” job was thrown out the window yesterday by none other than Christina Romer, Chair of the White House Council of Economic Advisors.

During an interview Monday on CNBC, Romer was challenged by host Maria Bartiromo on Obama’s “saved or created” jobs claim:
 
MARIA BARTIROMO: “When the stimulus was first announced, the President said that he expected in the coming years, the Administration, based on the policies on economic revival could ‘save or create three and a half million jobs.’ At this point, does the Administration know how many jobs have been created or saved?”
 
CHRISTINA ROMER: “It’s very hard to say exactly because you don’t know what the baseline is, right, because you don’t know what the economy would have done without it.”
 
“Christina Romer should be promoted to in-house fact checker,” said Grover Norquist, president of Americans for Tax Reform. “The claim of ‘saving or creating’ jobs was a lie from the beginning, and now they’ve admitted as much.”
 
Back on Feb. 9, Obama said “I think my initial measure of success is creating or saving 4 million jobs.” However, in the four full months since Obama signed the “stimulus” bill into law, Bureau of Labor Statistics data show that over two million jobs were lost.
 
“When you’re losing a game of tennis, you might suggest to your opponent that you no longer keep score,” said Norquist.

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Obama's Tax Promise: A Timeline of Conflicting Statements


Posted by John Kartch on Tuesday, June 30th, 2009, 2:57 PM PERMALINK


Why is Obama hiding behind his staff?
 
The day after White House advisor David Axelrod refused three times to affirm President Barack Obama’s central campaign promise not to raise taxes on families making less than $250,000 per year, spokesman Robert Gibbs yesterday refused seven consecutive opportunities  to do the same. 
 
“Why is Obama hiding behind his staff while they insult him and suggest he’s just another politician?” asked Grover Norquist, president of Americans for Tax Reform (ATR). “Obama’s staff huddles each day, so what Gibbs is saying and what Axelrod is saying is that Obama lied his way into office. He made his tax promise just to get past the election. That promise was a lie.”
 
A timeline of quotations compiled by ATR does not offer solace to taxpayers:
 
Barack Obama on Sept. 12, 2008
 
“I can make a firm pledge.  Under my plan, no family making less than $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”(Dover, NH) [Transcript] [Video clip]
 
White House spokesman Reid H. Cherlin on April 1, 2009
 
The president's position throughout the campaign was that he would not raise income or payroll taxes on families making less than $250,000, and that's a promise he has kept.” (Associated Press interview) [Permalink]
 
White House spokesman Robert Gibbs on April 15, 2009
“The statement didn’t come with caveats.”  (White House Briefing) [Permalink]
 
Barack Obama on June 16, 2009
“I’m confident that we don’t have to raise taxes on ordinary working families.”(Bloomberg News interview)[Permalink]
 
White House Advisor David Axelrod on June 28, 2009
“One of the problems we've had in this town is that people draw lines in the sand and they stop talking to each other. And you don't get anything done.” 
 
 
White House Spokesman Robert Gibbs on June 29, 2009
“We are going to let the process work its way through.”  (White House Briefing) [Permalink]

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Obama gearing up to break his tax pledge. Again. Axelrod "softening us up" says Norquist


Posted by John Kartch on Monday, June 29th, 2009, 2:06 PM PERMALINK


Americans for Tax Reform today released the following:

Appearing Sunday on ABC’s This Week with George Stephanopoulos, President Obama’s Senior Adviser David Axelrod refused to confirm that Obama’s central campaign promise not to raise taxes on families making less than $250,000 was still in effect. Given three consecutive opportunities to confirm the promise, Axelrod waffled each time.
 
After being pressed for the third time, Axelrod stated: “One of the problems we've had in this town is that people draw lines in the sand and they stop talking to each other. And you don't get anything done.”
 
But a bright line in the sand is exactly what Obama drew repeatedly during his campaign:
 
“I can make a firm pledge.  Under my plan, no family making less than $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” (Barack Obama, September 12, 2008, Dover, NH) [Transcript] [Video clip]
 
Americans for Tax Reform president Grover Norquist said Obama is using Axelrod to “soften us up” for a tax hike: 
 
“Axelrod was saying on national television that he believes Obama lied his way into office. Here you have one of Obama’s closest advisors saying he believes Obama’s central campaign promise was nothing but a lie. Obama is sending Axelrod out in an attempt to soften us up for a pledge breaking tax hike.”
 
If Obama signs legislation taxing health care benefits, it would not be the first time he has broken his tax pledge. Obama previously broke his pledge on just the sixteenth day of his presidency when he signed into law a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack, which took effect on April 1. The tax increase falls squarely on the shoulders of the middle- and low-income Americans Obama said he would not raise taxes on.

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Taxpayer Timeline of Obama's First 150 Days


Posted by John Kartch on Thursday, June 18th, 2009, 2:40 AM PERMALINK


Obama’s First 150 Days: New Taxes. Higher Spending. More Debt. Protectionism. Government Intervention. Broken Promises. 

To mark President Barack Obama's first 150 days in office, Americans for Tax Reform (ATR) today released a taxpayer timeline covering Obama's most recent 50-day period -- Day 101 through Day 150:
 
Day 105 – May 4: President Obama announces his plans to double-tax the international profits of American firms, a proposal which will cause U.S. companies to ship jobs overseas and relocate their headquarters abroad. Americans for Tax Reform countered the Obama administration’s claims.
 
Day 108 – May 7: President Obama releases a misleading budget document that claims to consist solely of spending cuts, but in fact contains $26.4 billion worth of energy taxes.
 
Day 113 – May 12: President Obama’s Treasury releases the “Green Book” -- the details of his plans for tax increases. ATR exposes details of his ‘tax increase playbook’:
  • Some families making less than $250,000 per year will see an income tax hike, yet another violation of Obama’s tax pledge
  • American families will bear the brunt of the Obama tax blueprint’s energy tax hike
  • Small businesses will shed jobs to pay for the higher small business tax rates
WBAL TV in Baltimore reports that thousands of dead people are receiving “stimulus” checks in the mail.
 
Day 116 – May 15:  Americans for Tax Reform releases an overall review of Obama’s energy tax hikes, a total of $968 billion in new taxes.
Day 121 – May 20: Democrats on the House Energy and Commerce Committee hire a speed reader to read the Waxman-Markey ‘cap-and-tax’ bill; anything to avoid actually reading the legislation themselves.
 
Day 128 – May 27:  The Washington Post reports the Obama White House has not ruled out a Value Added Tax (VAT) to finance government-run health care.  Peter Orszag’s spokesman Kenneth Baer: “While we do not want to rule any credible idea in or out as we discuss the way forward with Congress, the VAT tax, in particular, is popular with academics but highly controversial with policymakers.”
 
Obama marks 100 days since the passage of the “stimulus” bill. According to the Administration, $112 billion from the “stimulus” has been spent or obligated at this point.  Assuming that the President’s unsubstantiated claim that the legislation has “saved” 150,000 jobs is correct, each job “saved” cost taxpayers $746,600.
 
Day 135 – June 3:  Vice President Biden, in defending the “stimulus” says “we know some of this money is going to be wasted”.  Does ‘we’ include Barack Obama? Apparently the President was not on the same page when he claimed the “stimulus” would be “without waste, without inefficiency, without fraud” back on February 20.
 
President Obama makes official his support of government-run health care in a letter to Senators Baucus and Kennedy.
 
“Buy American” language in the “stimulus” causes Canadian municipalities to pass their own protectionist legislation. "If one country starts to build protectionist barriers that hurt businesses in another country, there will be an impulse to retaliate, and I would like to see this resolved at the executive level in the United States," states Canada’s Trade Minister Stockwell Day.
 
Day 137 -- June 5: The Bureau of Labor Statistics employment report shows steep job losses under President Obama:
  • 345,000 jobs lost in the month of May
  • 1.5 million jobs lost in the three full months since the “stimulus” bill passed
  • 9.4 percent unemployment, the highest level since 1983.
However, in January, White House economic advisors Christina Romer and Jared Bernstein said the unemployment rate would not rise above 8% if the “stimulus” was passed.
 
Day 140 -- June 8:  Microsoft CEO Steve Ballmer says Obama’s double-tax proposal will cause the company to move jobs out of the U.S.  “It makes U.S. jobs more expensive…we’re better off taking lots of people and moving them out of the U.S.”
 
Day 141 – June 9: President Obama submits a PAYGO proposal which would give a built in excuse to raise the short- and long-term cost of government AND practically require Congress to raise taxes to "pay for" it. 
 
Day 142 -- June 10: The U.S. Chamber of Commerce announces a new campaign to support free enterprise “in the face of rapid government growth and attacks by anti-business activists.”
 
Day 143 -- June 11: President Obama reiterates his support for a public health care option. During the same town hall meeting in Green Bay, Wisconsin, President Obama also claims he doesn’t believe in expanding the government’s role:
 
The reason is not because we want a government takeover of health care…I've already said, if you've got a private plan that works for you, that's great. But we want some competition. If the private insurance companies have to compete with a public option, it'll keep them honest, and it'll help keep their prices down.”
 
 
Day 146 -- June 14: On Meet the Press, Vice President Biden admits the “stimulus” was based on incorrect assumptions about the economy and they cannot measure whether it has “saved or created” any jobs:
 
"Everyone guessed wrong at the time the estimate was made about what the state of the economy was at the moment this was passed."
 
On Meet the Press, Biden confirms the taxing of employee health care benefits is on the table:
 
“MR. GREGORY:  Will the president sign a bill that taxes health care benefits for employees?
VICE PRES. BIDEN:  We made it clear we do not think that is the way to go. We think that is the wrong way to finance this legislation.
MR. GREGORY:  So if the bill comes with that...
VICE PRES. BIDEN:  But--no, no, no.
MR. GREGORY:  ...the president wouldn't sign it?
VICE PRES. BIDEN:  I didn't say that.”
 
Day 147 -- June 15: Obama again asserts he does not want to expand the role of government, this time during a speech to the American Medical Association: “When you hear the naysayers claim that I’m trying to bring about government-run health care, know this – they are not telling the truth”
 
Day 148 -- June 16:  In an interview with Bloomberg News, Obama states he is “confident” he will not have to raise taxes on “ordinary working families”: “One of the biggest variables in this whole thing is economic growth. If we are growing at a robust rate, then we can pay for the government that we need without having to raise taxes.”
 “I’m confident that we don’t have to raise taxes on ordinary working families.”
 
Earl Devaney, head of the Recovery Act Accountability and Transparency (RAT) Board, estimates that at least $55 billion of “stimulus” funds may be lost to waste, fraud and abuse.
 
 
Obama once again claims he has a limited government philosophy during an interview with the Wall Street Journal:
 
"I think the irony … is that I actually would like to see a relatively light touch when it comes to the government."
 
(We find it ironic too, Mr. President.)

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$43.7 Billion of "Stimulus" Spent; 1.5 Million Jobs Lost; Taxpayer Cost: $2,900 per Job Lost


Posted by John Kartch on Monday, June 8th, 2009, 1:04 PM PERMALINK


With President Barack Obama today announcing plans to speed up “stimulus” spending this summer in an effort to “save or create” 600,000 jobs, Americans for Tax Reform (ATR) pointed out the following:

--  At least 1.5 million jobs have been lost since the signing of the “stimulus”. From the time of Obama’s Feb. 17 signing of the “stimulus” bill, the U.S. has lost at least 1.5 million jobs, according to Bureau of Labor Statistics data.
 
-- Each lost job has cost taxpayers $2,900. According to Recovery.gov, $43.73 billion of the “stimulus” funds have been spent as of May 29. Dividing $43.73 billion by the 1.5 million jobs lost since the signing of the “stimulus” means that taxpayers have ponied up $2,900 per lost job.
 
--  There is no honest way to measure the number of “saved” jobs: The Obama-invented metric of a “saved or created” job was best debunked by Senator John Ensign (R-NV) on March 4 while challenging Treasury Secretary Tim Geithner’s use of the term: 
 
SEN. JOHN ENSIGN: "You created a situation where you cannot be wrong. If the economy loses 2 million jobs over the next few years, you can say yes, but it would've lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs," Ensign said. "You've given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct."
 
-- “Stimulus” spending has proven highly questionable thus far. Taxpayers are on the hook for $550,000 to build a skateboard park and renovate basketball and tennis courtsin Pawtucket, Rhode Island; $4,000,000 for the paving of a private jet parking lot in struggling Aspen, Colorado; and $11,400,000 for the National Zoo in Washington, DC.  

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2.19 Million Jobs Lost Under Obama


Posted by John Kartch on Friday, June 5th, 2009, 10:10 AM PERMALINK


The U.S. has lost 2.2 million jobs since President Barack Obama took office. According to the Bureau of Labor Statistics (BLS), the total number of jobs nationwide fell from 134.3 million at the end of January to 132.2 million at the end of May.

The unemployment rate now stands at 9.4 percent, up from 7.6 percent at the end of January.
 
I think my initial measure of success is creating or saving 4 million jobs,” said President Obama on February 9.
 
Monthly job losses reported by the BLS are as follows:
 
Feb:     651,000
Mar:     663,000
Apr:     539,000
May:    345,000
Total: 2,198,000
    
“President Obama demanded that Congress spend hundreds of billions of dollars to stimulate the economy,” said Grover Norquist, president of Americans for Tax Reform. "On Friday, February 13 Congress approved a disgraceful trillion-dollar spending and debt package under the guise of economic stimulus. Since that date at least 1.5 million jobs have been lost in America.”
 
Spend more money. Have fewer jobs,” continued Norquist. “Let's stop this madness.”
 

 

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