As the economic stimulus plan languished in debate on Capitol Hill, Obama offered his prediction of things to come if his self-endorsed pork-bill didn’t pass Congress: "A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession, a less robust recovery, and a more uncertain future.”
http://www.breitbart.com/

Catastrophe? Is this what we’re really looking at unless we spend $150-million on honey-bee insurance, $60-million for a Mob Museum in Las Vegas, or $600-million for global warming research?

According to Obama, we are experiencing the worst job market since World War II.
Is this true… or is Obama attempting to exploit fear as a means to twist the arms of Congress and garner the obedience of the American people to fall in line and obey?

"Obama has already called this the worst job market since WWII. But a look at the facts reveals quite a different story.

According to a recent American Institute for Economic Research (AIER) report (available by request), in percentage terms, the job losses of 2008 were less severe than those reported during the recessions of 1949, 1954, 1958, 1961, 1975, and 1982.

If we lost another 470,000 jobs or more in January, which AIER believes is a possibility, then the job losses in this episode would be as bad as they were, percentage-wise, in only 1961.

To match the worst percentage declines recorded during the other historical episodes, Friday's new numbers would have to show a year- over-year decline since last January of 7 million jobs (to match the 1949 recession); 4.6 million (1954 recession); 3.6 million (1975); and 3.7 million (1982).

“This is not to deny the seriousness of the rapid decline of jobs. Exaggerating job losses, however, erodes consumer, business and investor confidence, which has a negative effect on our economy and can be used to justify extraordinary and expensive policy responses to not-so-extraordinary employment cycles,” says AIER’s Richard Ebeling."
http://mailman.lbo-talk.org/

The underscore the amount of misinformation being fed to the American public in order to incite fear and rush the pork-bill through the approval process, yesterday Democrat Speaker of the House, Nancy Pelosi, claimed that we stood to loose 500-million jobs per month unless the stimulus plan passes.
http://www.examiner.com/

500-million jobs?? Does Pelosi know that, according to the latest census, the US only has 305-million people living in it? And that number includes children from 1-day old to 18-years old and retirees?

Watch this video of her making this preposterous claim:

http://www.youtube.com/
(Look at the title the video was given. Does that about sum it up?)

"500 million Americans? And she called George Bush dumb? Any chance this will be played over and over and over tonight on the news? Nah, didn't think so."


"Egad. With idiots like this in charge, we are doomed."


"She's as sharp as a sack of wet mice."


"500,000,000 jobs. What's this about [Sarah] Palin being dumb again?"


"Every word Bush uttered was analyzed for potential stupidity content and each detected instance was replayed in mainstream media (or cult media depending on your point of view) repeatedly. We owe the new "regime" (that is what we called the Bush administration, right?) no less "unbiased" treatment."


"Maybe the plastic surgeon stuck the Botox needle in a little too deep when he pressed the plunger down."


"They'd better do something quick! At this rate, my grandchildren will be unemployed 10 years before they're born!"


"This no doubt takes into consideration job loss in all 57 states."


Gotta love it!

Now, don’t get me wrong. I’m not attempting to put a smiley face and a rainbow over a bleak economic condition. We’re going through tough economic conditions. If you’re not personally feeling the pinch, all you have to do is read/watch the news to see the havoc the economy is wreaking on businesses and citizens.

Obama is insistent that Congress have a stimulus bill ready by February 16. He stands firm on this deadline and shows no sign of being flexible with it.

In his Feb. 3 interview with Fox News correspondent, Chris Wallace, he was asked:
"You are taking hits right now from all sides: right and left. Columbia University economist Jeffrey Sachs calls it a, quote, "astounding mish-mash of tax cuts, public investments, transfer payments, and special treats for insiders."

Why not just pull it back, forget about the February 16 deadline, and get it right?"

He answers with the same talking points of how “great” the stimulus package is.

Then Chris Wallace asks:
“Is the February 16 deadline firm?”

Obama responds, “Yes, because nobody disagrees with the idea that, if we keep on putting this off, that we're going to end up seeing more months with half a million people losing their jobs each month. We can't afford to wait.”
http://www.foxnews.com/

Excuse me, Mr. Obama? Nobody disagrees that putting it off isn’t a good idea?
Considering that over 50% of the proposed package will *not* be spent for 2 or more years, we can’t afford to haphazardly and hastily pass a bill loaded with pork, junk, and goodies for the Democrats’ special interest groups.

Many critics and I believe that we should cut out the portion of the bill that will provide immediate relief and will be immediately spent to achieve that goal. All the other non-sense can be put on hold and debated.
Where is the need to rush along portions of the package that won’t be spent until 2010 or later?

We rushed $350-billion to the financial industry and were sold short with the results.
Have the Democrats not learned from history?
There’s an old saying: “Haste makes waste.”
That saying has proven to be true with the first stimulus package we gifted to the banks… will it also prove to be true to this House bill?

Slow down... Let's examine this thing.
Let's expose the sponsors of the pork projects so that other lawmakers will be deterred from attempting the same.

Let's get this done right, Obama. You're proposing to spend more money in your first month of Presidency than was spent all of last year.

Your failure to fully vet your appointees has proven to be quite a headache for you in the past two weeks. Do you want to be haunted for the remainder of your term for not doing your homework and wisely spending $1-trillion in taxpayer dollars?

Yes, Mr. Obama, you entered the White House with great popularity and infectious enthusiasm from the American people. And if you can’t remember back to when we forked over $350-billion to the financial industry and the “results” it produced, then maybe you’ll keep this little nugget of history with you:
Jimmy Carter had the highest post-inauguration approval ratings ever. Despite the early fanfare and high popularity, he was only a 1-term president. Reality ground him down and his incompetence prevented his re-election.

Every day that passes is a day that the public gets exposed to the pork and fat inside of this bill, every day that passes is a day that the bill gets less and less popular.

fear mongering is correct, remember Rham Emmanuel said never let a crisis go to waste.

the reason why everything is so messed up to begin with is that people who have money and jobs are NOT spending there money, they turn on CNN or read the NYtimes and hear CRACKPOT-Polesi and others spout off things like 500 million jobs lost every month and so on there scared.

its a perfect time for tax cuts and spending cuts.