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Blog of Mass Destruction

Stimulating Truth Telling

By The Reverend Published: April 6, 2012

You may recall hearing from many out on the right wing that President Obama's communist stimulus plan of know, the $787 billion "slush fund",.....didn't do one thing to lower high unemployment or improve a sagging economy.

Like, for example....this guy...

In the hard cover edition of his book, No Apology: The Case For American Greatness, Romney wrote that the “'all-Democrat' stimulus that passed in early 2009 will accelerate the timing of the start of the recovery.”

Yet, as reporter Thomas Burr, of The Salt Lake Tribune, noted, the subsequent paperback version of Romney's book was edited to say that "the 'all-Democrat' stimulus passed in early 2009 has been a failure."

According to the Republican presidential candidate.....and according to conservative media....the Obama stimulus of 2009 "has been a failure."

Which means that the following charts demonstrate a "failure" by Obama....

See the arrow on the chart pointing to when the Obama stimulus began? Since the "failed" Obama stimulus began, new unemployment claims have fallen from 650,000+ per month to below 400,000 per month......350,000 per month is the relative norm. I'm not entirely sure why the conservative media and the GOP presidential candidate think lowering unemployment by 2% points is a "failure", especially after such a historic crash caused by deregulated banksters gone wild.....but it is what it is.

Here's an updated "bikini chart." You've seen this one before.

If conservative critics and the GOP presidential candidate are to be believed,....and therefore, regarded as Very Serious People who deserve our votes,....the bikini chart should prove that the Obama stimulus was a "failure." But it doesn't. This chart, like the other one, proves that after the Obama stimulus, employment has bounced back.....and has been in positive territory for 24 months in a row.

Even though the Congressional Budget Office now claims that the Obama stimulus saved or created between 1.5 and 3.5 million jobs.....and even though charts of job creation prove employment has been in positive numbers for over two years running.....conservative media and the GOP presidential candidate still claim that Obama's Big Government Spending in the stimulus was an utter failure.

The Hill....Feb.22,2012....

The Congressional Budget Office said Wednesday that President Obama’s 2009 stimulus package continues to have a significant effect.
The bill raised fourth-quarter 2011 gross domestic product by as much as 1.5 percent, it states, and lowered the unemployment rate by as much as 1.1 percentage points.
The package reduced the rolls of the jobless by up to 2 million people in the last three months of 2011.

During discussions of the Ryan plan, Politifact stated that claims by Democrats that Ryan's plan ended Medicare....were lies. Conservative media roared their approval of Politifact's calling out of Democrats. Here's what Politfact says about the Obama stimulus....

In the Republican response to President Barack Obama’s State of the Union address on Jan. 24, 2012, Indiana Gov. Mitch Daniels said....

"Contrary to the president's constant disparagement of people in business, it's one of the noblest of human pursuits. The late Steve Jobs -- what a fitting name he had -- created more of them than all those stimulus dollars the president borrowed and blew."

(Politifact says)....even if you were to assume that Apple's net impact on job creation was five times the 43,000 jobs the company listed in its SEC report, that would still be just one-seventh of the lowest estimate of jobs created by the stimulus. The "hundreds of thousands" of additional jobs from Apple and related companies, cited by Daniels' spokeswoman, also falls far short of the most cautious estimates of the stimulus by a large margin.

Many progressives and liberals steer away from consuming conservative media, because conservative media...well....tell a lot of lies. But The Reverend takes in conservative media. What I've heard for 3+ years is that Obama's "slush fund" stimulus plan has been an utter failure which is ruining our economy and threatening all of our futures. What I've heard is that Obama's needed and successful stimulus plan has only been another in a long, long list of failed Democratic redistributionist plans.

These conservative criticisms have not been simply the occasional criticisms. Instead, the conservative criticisms of Obama's stimulus have been a Republican/conservative mantra.....chanted daily for three years running. Big, bloated, slush fund, tax and spend, Obama stimulus has been a tired, worn out and complete failure. Not a shred of truth to be found.

During this "Holy Week" would be good if conservatives and Republicans would spend a moment contemplating the virtues of truth-telling.

Happy Holiday.



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