President Barak Obama’s Economic Stimulus
74On 9/6/10 the nation celebrated ‘’ Labor Day Weekend‘’ recognizing the work of all citizens who made our country great. President Barak Obama
Economic Stimulus package was revealed to a labor unions sponsored event and the American people in Milwaukee on national television.
The president put forth a $50 billion infrastructure plan to build or repair 150,000 miles of road, 4,000 miles of railways and 150 miles of airport runways, as well as to support a modernization of the air traffic-control system. The $50 billion is on top of the $62 billion in the original stimulus package of $812 billion. The shovel ready jobs that the president proclaimed apparently was incorrect. President Obama said that the $50 billion would not add to the deficit in time. President Barak Obama also planned to call for the creation of an infra-structure bank that would leverage funding for projects ( another proposed increase of the size of government).
The Whitehouse hopes to cover the costs by closing a series of tax breaks for oil and gas companies. The Democrat controlled Congress and
President Barak Obama’s ways of weaning the country off the need for
foreign oil. Let’s not forget the federal government’s second moratorium imposed on offshore drilling at a cost of loosing a 100,000 jobs.
President Obama went on as in previous campaign mode praising the
labor unions for their contributions to the country. The president
seemed to forget or acknowledge other workers who are not in unions
for their contribution to the labor movement.Obama proclaimed that he
is ‘’ Building the economy on a New Foundation’. The government took
over the Student Loan program from the banking industry, passed the
Health Insurancens plans Reform legislation, closed corporate loopholes for oversees business, gave 95% of working Americans a tax cut and bailed out the auto industry, Fannie and Freddie, and the financial sector.
The government under the Obama administration and the Democrat
majority Congress now controls 60% of the American economy. The
major failure of the present administration is that the country has
close to 10% unemployment and that the economy has not recovered
from the start of the recession in Dec 2007.
President Barak Obama, in campaign mode, pledged to strengthen social
security, work to provide the ‘’America dream’ for the middle class and to defend his policies to bring about change to our government.Obama went on in his speech to ridicule the minority party (Republican)for being the party of NO to everything that the democratic party has proposed in congress. The labor day celebration was an inappropriate time for our president to act in an unpresidential manner to ridicule, mock and to denigrate Members of Congress and our Government. The campaigning commander in chief actions were beneath the DIGNITY of the Office of the President of the United States.
The president , Barak Obama, told the audience that the Republicans
were attempting to make political points by not voting on the new
legislation . It appears that Barak Obama’s actions are disingenuous
as to complaining about the previous administration ,that the
Republicans are holding up legislation seems ridiculous since the
Democrat majority control Congress have always had at sufficient
amount of votes to pass legislation without the Republican vote.
A recent poll of President Obama’s proposed spending bill showed that
70% are not in favor of any additional spending. The budget for
2011 has not been presented for the fiscal year starting Oct 1, it is
rumored to project another $I + billion deficit. The deficit in 2009 was $1.4 billion and $1.3 billion in 2010. The United States Government has grown 20% since President Barak Obama and the super majority Democrat Congress took office and control of the government. The $787 billion stimulus bill is now $821 billion. As of today some $132 billion has not been spent and unemployment is approaching 10%again.
The record of the Obama administration under the control of a Democrat
Congress speaks for itself. The arrogance , incompetence and inexperience of government’s actions in taking control of private sector industries should be recognized. ‘’We won and will will do what ever we want to do ‘’ was a remark made by some Democrats and the President just after the election.
Your Author
Jon Ewall
http://jon-ewall.hubpages.com/_ph9ejsxunalx/
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Look at the numbers. The government controls over 60% of the economy and the economy is still failing. No wonder the economy is failing and corporations are jumping ship.
Keep on hubbing!
Hubbers
Thank you for your reply
In Ohio on 9/8/10, President Barak Obama on his campaign tour for Democrats running in the coming election and his policies spoke of his plans to stimulate the economy.
President Obama just don't get what the American people are telling him and Congress. A recent poll showed that 60% of the people are against anymore spending by the Barak administration and the Democrat Congress. President Obama accusing the Republicans and minority leader Boehner of offering nothing to help the economy is another false statement made by President Obama.
The Stimulus funds available are $300+billion, so why is the president asking for more money to do the same work that is budgeted in the stimulus bill?
Jon, Progressives are all the same. There is only a stimulus for whom he chooses. Eventually they will suffer too, if the people makes changes.H
Barack Obama is full of hot air. A lot of hype and not a lot of substance, and unfortunately, it's costly as ever.
Hubbers
It was reported today 10/4/10 that the Los Angeles Times did an expose of the California welfare program. The LA Times discovered that $69 million of welfare money was spent out of the state. Hotels in Hawaii and other places including some cruise lines apparently for vacations and other expenditures. The LA Times has questioned the officials of the welfare program in their investigation. Stay tuned for another story on government waste of taxpayer money. The question is ‘’ will the violators be prosecuted to the fullest extent of the law ? ‘’
HUBBER
NOVEMBER 2 IS COMING.
Don't forget to vote.
I agree with you JE, and we can and will begin to turn things around, and head in the direction we need to be on Nov 2.
Hubbers
On 10/10/10 President Obama ,in the rose garden, announced a plan to spend another $50 billion on governments infrastructure. For President Barak Obama, the speech was a replay of the one he gave on 9/6/10.The media revealed that 60% of the billions allotted for infrastructure jobs were not spent as yet. The president’s request for more funding in troubled times is irresponsible and inappropriate. Wake up America to the incompetent government that the people elected to Congress and the Whitehouse
On Nov 2nd go to the polls and vote to get the bums out of Washington.
CMerritt
Check this one out.
There are 40 million citizens on food stamps.
that's what Barak Obama calls '' the economy is improving''.
hubbers
ABOUT A YEAR AGO President Obama admitted to a New York times writer that their were no ''shovel ready jobs ''.He made the statement as '' off the record'' shameful as it was. The true character of President Barak Obama is what the public needs to be concerned of. The lie continues on and on even when he knowingly is telling a lie.
It is true , President Obama lied then and continues.
President Obama is a fraud elected by the people under false pretenses. On Nov 2nd vote against the fraud.
HUBBERS
President Barak Obama,wife and support will be going to India next month. The hotel where they are staying has 576 rooms. The US Government rented the whole hotel for President Obama and company.
When he says '' I know your hurt '', somehow he forgets that the hurt doesn't include the taxpayers and the government. GOVERNMENT WASTE OR STIMULATING THE INDIAN ECONOMY?
HUBBERS
For all those going to the polls on Nov 2nd one must seriously consider their vote for the best candidate on the ticket. As a reminder of what the president said before being elected in 2008 ,‘’change we need’’, ‘’in 5 days we will transform the republic ‘’ and ‘’yes we can’’.
It has been 23 months since President Obama took over the Whitehouse with a super majority Democrat controlled Congress. We are still waiting for the jobs he promised. The Obama administration has spent $ 800 billion and still no jobs. The big awakening will be on Jan.1,2011. Taxes will go up for everyone since congress did not act before leaving town. Business’s healthcare cost will rise 30% to comply with the new healthcare bill. The economy will get worst and unemployment will go up. The 2011 budget has even been presented to congress even though it was to be completed before fiscal year 2011 started on Oct. 1,2010. Reports say that the deficit in 2011 will be another $ trillion ( SHOULD THE DEMOCRATS KEEP CONTROL ) following $1.4 trillion in 2009 and $1.3 trillion in 2010. Somehow the people need change in Washington do you agree.
On Nov. 2nd seek the truth and vote the ...... out.
hubbers
‘’where are the jobs?’’
In 2007 the Democrats won the 2006 election and took a Majority control of Congress. In 2009 the Democrats won the Presidency and a super (60 votes ) Majority of Congress. In 2007 the unemployment rate was 4.6%, prior to 2000 under President Clinton and a Republican majority Congress unemployment was 4.0%.
In the past 4 years ,2007to 2010 ,under the Democrat leadership unemployment went from 4.6% to 9.8%. Latest labor department #s are 9.4% , by excluding those who quit looking for work ( cooking the books ). The Obama Stimulus of $725 billion now has risen to $852 billion. Where did the money go ?
It’s time for all Americans to wake up and ask their Representatives ‘’ where are the jobs’’?
The Bush tax cuts seemed to work? It got us out of a 2000 recession, 9-11 catastrophe and financing of two wars. The Obama Stimulus apparently did not work. Since 2007 the national debt has risen from $9.0 trillion to $14.2 trillion , that’s $5 trillion of spending and we are still waiting for the jobs.
By the way, the mainstream media wants the people to stay in the dark.
HUBBERS
The high oil prices are not helping the poor, middle class and small businesses to get out of the recession. When President Obama took office in Jan 2009, a gallon of gasoline was $1.843. On 4/23/11 gasoline prices hit $5.16 a gallon in Florida and California. In Jan. 2009 a barrel of oil was $37.74, today on the world market crude oil prices hit $124 a barrel and here in the US IT HIT $112 a barrel. One must wonder when the president will understand that the national security is at risk and that Obama’s inactions are not in the best interest of the American people and the economy.
HUBBERS
The Whitehouse missed the cut off time to get approval from Congress to continue our involvement in Libya. Obama speaks about democracy in the middle east and then attacks our ally Israel, figure it out. yes sir, he really is a muslin! There is no question about it, he did say it in an interview when campaigning in 2007
Today 5/23/11, Obama is in Ireland, his first stop on his trip to the UK and Europe. This is the same president that said to the people when campaigning ‘’ I know your hurt ‘’. With the economy still not recovering after spending $1trillion stimulus funding , unemployment at 9.9% and after 2.4 years in office does he really mean what he said. ONE MUST WONDER HOW DIFFERENT Obama’s trips are compared to the auto industries execs traveling to Washington on their private jets.
Wake up America to the abuse of power that the people granted to our president. The national debt hit $14.3 trillion last week. Obama and the US treasury is asking Congress for $2.5 trillion more to add to the debt. Recently, the president announced that the US will forgive Egypt a $1 billion debt and will give Egypt $ 1billion in foreign aid. The Obama proposed 2012 budget has a $1.5 trillion deficit. The house approved the Ryan budget and the Senate has yet to debate either the Obama’s budget or Congressman Ryan’s budget.
Important issues for the country, it doesn’t seem like a good time for a vacation?
HUBBERS
Another month has gone by and still no Obama and Senate 2012 budget. As of July 2,2011 the only work on the 2012 budget has been the House’s approval of the Ryan 2012 budget which was rejected in the Senate. President Barak Obama spoke this past week and chided Congress to work on raising the national debt limits. Interesting that not once did he mentioned that the Democrats control the Senate and are the problem in getting an agreement with the Republicans. A question remains as to why the Senate has not presented a 2012 budget so that real hard negotiations can continue discussing raising the national debt issue.
''the jobs will go offshore only because of government taxes and regulations in addition to higher labor cost here in the US. THAT TOO IS AN OLD STORY.”
Check out this Series of articles tracking the stimulus money. By Russ Choma
Blown Away: Tracking stimulus grants for renewable energy
HUBBERS
TODAY, Feb.10, 2012 President Obama held a press conference to defend Obamacare forcing Catholic healthcare providers to pay for women seeking contraceptive devices for free. The Obama solution was a directive that insurance companies will be forced to provide the contraceptive service free of charge with no co-pays.
A typical Barak Obama press conference, the President speaks and tells the press that the government will directs the private sector insurance companies to provide the services for free. Obama ends the talk and walks off the speaker platform while the press shots out questions. Is this is the same man who when running for election in 2008 promised to have the most open and visible administration? really
Speaker Pelosi’s statement regarding the healthcare bill said ‘’ we must pass the bill so that we know what’s in it’’. It appears that the Healthcare bill as passed has had many changes to satisfy the Obama administration .
Our Constitution only allows Congress to make law and the President to sign the legislation into law. Any amendments to a law is congress’s responsibility not the Presidents . Where is Congress?
2/13/10
President Barack Obama is hailing PAYGO legislation PAYGO compels new spending not add to the federal deficit. http://chicagoconsultant.com/page2.php?category=2&
sheila b. Level 4 Commenter 20 months ago
I have never seen a President look less presidential than when he gave that Labot Day campaign speech.