SchizOnomics – Job Creation In The Time Of Obama
The first lesson every President learns is that in trying to please all his constituents he pleases no one, including himself.
President Obama sold the $800 billion Stimulus Plan to the American people as a strategy to create untold infrastructure jobs. If fact, President Obama said the stimulus plan would save or create 3.5 million jobs in the next two years and that he hoped to limit the unemployment rate to a peak of 8% this summer. In typical political bait and switch fashion his democratic Congress allocated 8% of the stimulus money to infrastructure projects. Instead of infrasturture jobs Congress gave us cornucopia of social programs that have been on their wish list for decades, leaving the President with egg on his face.
The unemployment rate has already reached… Continue reading | 30 Comments