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February 13, 2012
Binyamin Rose: Back to the Bunker: How a life-risking act by a Christian family during the Holocaust saved a family and built a thriving community a world away
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David G. Savage: Why activists may not be in a hurry to have High Court rule on alternative marriage
February 9, 2012
Laura McMullen: 10 Least Expensive Public Schools for Out-of-State Students
Kimberly Palmer: How to actually enjoy -- relaxing, financially -- your vacation
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Warren Richey: Why momentous Prop. 8 ruling might not satisfy gay-rights groups
Menachem Wecker: Though Controversial, LL.M.'s Can Lead to Specialized Legal Jobs
The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets)
February 7, 2012
Frank J. Gaffney, Jr.: Caught off-guard? President's Super Bowl interview with Matt Lauer gives those who need a reason not to vote for him, a darn good one
Suzanne Bohan: Leaping lizards! Tiny reptiles advancing robot design
February 6, 2012
Jonathan Tobin: Iran Threatens Israel With Destruction, But the New York Times Doesn't Hear It
Jeffrey Fleishman: In newly democratic Egypt, tens of democracy activists jailed, to stand trial; their groups are 'threatening the stability of the homeland'
Julie Deardorff : Researchers say antioxidants may not be that effective and could do more harm than good
Mark Clayton: How did Anonymous hackers eavesdrop on FBI and Scotland Yard?
February 3, 2012
Edmund Sanders : Israeli official says Iran is creating missile that could reach East Coast of US
Victoria Kim: Immigrant-smuggling ring used black drivers to avoid racial profiling
February 2, 2012
Jim Carney: Wrong number call may have saved her life
Reza Kahlili : Ex-CIA spy in Iran's Revolutionary Guard: What Obama doesn't grasp about striking deals with Tehran
Tina Susman: For woodchuck rescuer, every day is Groundhog Day
February 1, 2012
Brian Bennett: US officials see increasing threat of domestic attack from Iran
Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures
January 31, 2012
January 30, 2012
Paul Richter and Ramin Mostaghim: Misreading Teheran's limits -- deadly and economically devastating as they may be -- is a risk administration, Europe seem willing to take
Suzanne Bohan: Warning: Nap-deprived tots missing more than sleep, study finds
Meg Handley: Banks Revamping Rewards Programs to Woo Customers
January 27, 2012
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Yochonon Donn: In liberal New York City, fervently-Orthodox Jews may soon be getting a district to call their own
Jeannine Stein: An inflated ego and thinking you're 'all that' doesn't just make others sick of you, it can make you ill
Katy Hopkins: New budget rules may affect how much money you get for college
January 26, 2012
Ed Koch: To the New York Times, calling for the murder of Jews by those capable of having their incitement taken seriously isn't news
Jeannine Stein: Mental illness struck one in five U.S. adults in 2010: Report
January 25, 2012
Richard Simon: House passes two bills endorsing the use of religious symbols at military memorials
Fred Weir: Putin: Multiethnic Russia cannot survive as a US-style 'melting pot'; must find its own way
Susan Johnston: 5 Sneaky Coupon Strategies Consumers Should Watch Out For
January 24, 2012
Carol Clark: The price of your soul: How your brain decides whether to 'sell out'
Caroline B. Glick: America lost most in 'Arab Spring'. Sadly, many voters still don't grasp the extent
Warren Richey: Drug criminal scores win in GPS ruling from conservative-leaning high court
Erika Bolstad: Black conservatives gather to talk about gaining strength
January 23, 2012
Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary
Jordan Rau: In quest to grow, Catholic hospital system will announce this morning its break from church
Ali Safi: U.S. envoy gives Taliban terms for peace talks
January 19, 2012
January 18, 2012
January 17, 2012
Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be
David G. Savage: They sued their principals after slandering them online --- now the cases are headed to the Supreme Court
David Francis: Where to Invest in 2012: With stocks expected to rebound, opportunity abounds for investors
January 13, 2012
Ben Lynfield: Israeli lawmakers move to annex Jewish Judea, one museum at a time
Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body
January 12, 2012
Warren Richey: Landmark Supreme Court ruling a 'resounding win' for religious groups
Warren Richey: Supreme Court says no to new rule on eyewitness testimony
John Fauber : Statins found to raise diabetes risk in postmenopausal women
Katy Hopkins : Consider This Before You Pay for an Online Degree
The Kosher Gourmet by Joseph Erdos: This mushroom and barley soup has an intense -- almost nutty -- flavor that mixes robust with Middle East. It has creaminess without cream
January 11, 2012
Shari Roan: Millions of atrial fibrillation sufferers at risk for devastating, but preventable, stroke
Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US
David G. Savage: High court signals it won't be loosening TV's 'indecency' rules
Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules
January 10, 2012
Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard
Karen Kaplan: Study: Nicotine replacement products ineffective when used in real-life situations
January 9, 2012
Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court
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Jewish World Review
Nov. 13, 2009
/ 26 Mar-Cheshvan 5770
More White House Economic Baloney
By
David Limbaugh
http://www.JewishWorldReview.com |
f the many thoughts I had watching President Barack Obama's umpteenth speech on the economy Thursday morning, the most troubling was his refusal to accept responsibility for his disastrous policies.
With unemployment having soared to 10.2 percent, wouldn't it have been reasonable to expect that any Obama speech on the economy would at least acknowledge that his "stimulus" plan didn't come close to achieving the results he promised, starting with his claim that unemployment would peak at 8 percent?
Even a fallible leader would be humbled by this failed performance, but enjoying messianic stature, the expectations bar is rightfully much higher for Obama. Yet instead of showing contrition, he took to the microphone in a surreal, boastful mode, as if calculating that assuming an offensive posture would fool people into ignoring reality.
He bragged about the "bold steps" he had taken "to break the back of this recession." He said he'd prevented "responsible homeowners from losing their homes ... cut taxes for middle-class families ... and created and saved more than a million jobs." But, "We all know that there are limits to what government can and should do, even during such difficult times."
Let's examine his claims. Bold actions to end the recession and "created and saved more than a million jobs"? Well, he has engineered massive spending and debt explosions, but many weren't even calculated to stimulate the economy, especially in the short run.
ABC reported that as of Oct. 30, the White House claimed 640,329 jobs had been created or saved as a result of the $159 billion in stimulus funds allocated as of Sept. 30, a figure provably bogus on its face, considering that the jobs reports were inflated and that many of the "created" jobs were short-lived and already over. But ABC noted that even if you accept the administration's projected figure of 1 million, which Obama is now clearly claiming, the math indicates that the stimulus cost taxpayers $160,000 per job created or saved.
Just to illustrate the speciousness of Obama's preposterously unprovable claim that saved jobs are measurable, you should know that two administration financial officials, Ed DeSeve and Jared Bernstein, were unable to say how many of the 640,329 jobs were saved and how many were created. It's also noteworthy that Obama promised in January that more than 90 percent of the stimulus jobs would be in the private sector, but more than half — 325,000 — were in education alone.
Then there's Obama's assertion that he prevented responsible homeowners from losing their homes, when everyone knows that included in his unconstitutional $75 billion government bailout of mortgagors were payments to those millions who irresponsibly did not pay their mortgage debts.
As for his claim that he has cut taxes for middle-class families, he didn't mention that his treasury secretary, Tim Geithner, and his National Economic Council director, Larry Summers, have already refused to rule out the possibility that Obama will raise taxes on the middle class. Of course, the promise would already have been permanently breached if Obama had gotten his way on the cap-and-tax bill and Obamacare, each of which would have necessarily resulted in middle-class tax hikes, just as his planned double-digit trillions of new government debt would necessitate across-the-board tax increases just to service the interest.
Of all the words Obama uttered, though, nothing came close in sheer audacity to his announcement that he had planned "a forum at the White House on jobs and economic growth ... to talk about how we can work together to create jobs and get this economy moving again."
Isn't this the precise combination of words Obama used to sell his stimulus package in the first place: "creating jobs to get the economy moving again"? The answer is yes. A few months ago, Obama wasn't looking for experts to tell him how to stimulate the economy. He claimed to be the expert with the magic bullet solution.
Having demonstrably failed, Obama is now convening a photo-op summit, designed to deflect blame and personal accountability for his policy failures and to provide an excuse to give us more of the same, because you can bet that he won't be inviting Friedman free marketers, but academic adherents to failed Keynesian thinking and businesspeople whose judgment and policy endorsement he has purchased or will purchase with your money.
Despite Obama's claim that he recognizes that "there are limits to what government can and should do," more and more Americans realize he believes quite the opposite and that he is committed to doing everything in his power to continue to dismantle the economic system that has made America the most prosperous nation in history. We don't need a summit, but midterm elections to restore to power those who believe in the free market — among other enduring American ideals.
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David Limbaugh, a columnist and attorney practicing in Cape
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