The Obama $1 trillion stimulus was a bust

A new report showing a net loss of 125,000 jobs adds to the growing avalanche of evidence the $1 trillion stimulus has failed to boost the economy as promised, according to a chorus of economic experts.

Democrats had been planning to herald this as the Summer of Recovery, expecting a peak in stimulus spending. But the dreary economic news is contributing to a rising chorus of complaints from conservative economists that the stimulus spending binge has failed to deliver as promised.

“Yeah, I think we can say the stimulus was a bust,” Stephen Moore, a Wall Street Journal editorial board member and the newspaper’s senior economics writer, tells Newsmax. “The real problem is that the president has no plan B. We’ve had plan A, that was spend a trillion in stimulus. That didn’t work. We’ve lost 2.2 million jobs since we started that spending, and all the president wants to do is add more stimulus. That’s what’s so disappointing.” Read more at the SOURCE

Most Americans said it would not work from day one! To this taxpayer it seem that the $1 trillion stimulus lost more jobs than it created. I posted months ago that Obama would take the democrats down with him in the mid-term and 2012 elections and to this date that has been the case. Obama can now consider himself a worst president than Jimmy Carter. Everything Obama has done so far has made this great Nation job crisis worst than it was before he took over the White House. He has refused to protect American soil from illegal Mexican drug runners and murderers. So yes Obama the democrats need to be removed from Washington D.C. and then yourself need to be evicted from the White House! Just remember this voters, Obama’s words mean nothing because he has never kept any of his promises that he campaigned on!

UPS to lay off 1,800 workers

UPS Inc will cut 1,800 management and administrative jobs, less than 1 percent of its global work force, and raised its earnings guidance for the fourth quarter by 13 percent to 20 percent.

About 1,100 employees will be offered a voluntary separation package as part of the work force reduction, which is designed to streamline the company’s U.S. small package business. Other cuts will come through attrition and layoffs, the Atlanta-based company said. SOURCE

1800 more jobs to go along with the millions already lost that Obama has not saved as he said he did! The American workers are hurting and Obama and the democrats are still spending which will raise taxes on companies and all Americans. If you ever had to live on an unemployment checks you know that a family can not make it with the prices of food and products going up. A worker that earn $8.00 and hour gets about and I mean about $200.00 a week….tell me how many people with a family can live off that! Then when you go into the employment office they treat you like you’re nothing. My son was just layoff and he got home he said that he was made to feel the lowest and that they act as if its their money you’re getting. I know as I have been there once in my life and its no fun. Obama and the democrats does not seem to get it! Lower taxes and forget this big health care spending bill or lose your seat!

Harvard University to cut 275 jobs!

Harvard University will cut 275 jobs as a result of its declining endowment, according to media reports Tuesday. Also, the university reportedly will reduce the work hours of 40 other employees. Read More

Didn’t Obama say he was going to fix the school system in America? Maybe I didn’t hear him say that, but I sure can say that he has not done anything for the schools when teachers are losing jobs every day! I don’t think he cares about the people losing jobs as he and his family is living high class!
Has Obama done anything he said he would?

LINKS:

(1) Hill And Bill Update