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Who didn't see this coming?

Besides, like, you know, nobody? Washington Examiner, “Here comes more failed stimulus spending”:

President Obama will deliver yet another “major speech” after he returns from his Martha’s Vineyard vacation. Among other things, he promises the speech will contain details of a new “stimulus plan” for getting America’s stagflating economy back on the right track. According to the Washington Post, “Obama also plans to announce a major push for new deficit reduction, urging the special congressional committee formed in the debt ceiling deal this month to identify even more savings than the $1.5 trillion it has been tasked with finding. In packaging the two, he will make the case that short-term spending can lead to long-term savings.”

Note two things here: First, spending $859 billion on Obama’s economic stimulus follies in 2009 failed miserably to get the economy growing, so the president wants to try it again in 2011. Since unemployment remains above 9 percent and millions of Americans have given up even looking for new jobs, it’s worth reviewing what he and other prominent Democrats promised the 2009 stimulus program would do.

» Obama: “It’s a plan that will save or create up to 4 million jobs over the next two years.”

» Vice President Biden: “Because this is about getting this [stimulus funds] out and spent in 18 months to create 3.5 million jobs … so the rest of the good work that’s being done here literally drop-kicks us out of this recession.”

» Senate Majority Leader Harry Reid, D-Nev.: “This bill creates 3.5 million jobs.”

» House Speaker Nancy Pelosi, D-Calif.: “House-passed bill/Obama plan (HR 1) creates 3.7 million jobs.”

» Sen. Chuck Schumer, D-N.Y.: “And it’s a very significant stimulus; 3.5 million to 4 million jobs is a lot of jobs.”

» Sen. Patty Murray, D-Wash.: “The House and Senate have taken a critical step forward by passing the American Recovery and Reinvestment Act. It will give our economy the jolt it needs, create jobs, and help get our country back on track.”

If these Democratic luminaries got it so spectacularly wrong in 2009 with their stimulus spending promises, why should Americans give them another shot at throwing hundreds of billions more tax dollars down this same rat hole in 2011? It cannot be said often enough: The definition of insanity is doing the same thing over and over again, but expecting a different result.

Who says Obama expects different results?

He pitches his plans as fiscally sane — couching them in the rhetoric of investment and savings — knowing full well that he is on the fast track toward bringing down the whole system, which simply can’t withstand the weight of the debt being piled up.

On the current US spending trajectory, 1/5th of the world’s wealth would have to be invested in American debt by 2020.

The world is going to balk at that. At which time, the great “leveling” will be proposed. This can’t end well.

19 Replies to “Who didn't see this coming?”

  1. happyfeet says:

    don’t America’s piggy piggy union whores have enough money yet?

  2. Russ says:

    “This bill/plan/wishful thinking will create X jobs.”

    It’s all just so much horseshit, but they will nevertheless, come campaign time, point back to these statements and claim to have actually created jobs.

    As if wishing would make it so.

  3. Matt says:

    I trust Obama. He’s a good man.

  4. alppuccino says:

    Look. If you want to make the big deals, you need to look like you don’t need the money. That’s why the prez should vacation in Martha’s Vineyard and the first lady bedazzles her sneakers. You need to look rich in order to get rich.

    Prez is just spreadin’ our money around and makin’ deals. That’s all biz is – contacts.

    So Obama’s roll needs to be fat so’s he can tip large and go Big Willie-style. Things are gonna happen.

  5. happyfeet says:

    the super committee is gayer than putin

    any club what would have Fred Upton as a member

    is gayer than putin

    which is pretty gay cause putin is a flaming queen

  6. happyfeet says:

    here is how gay the super committee is

    putin if you’re reading you’ll get a kick out of this

  7. LTC John says:

    Great… so O! is going full Krugman?

  8. Ernst Schreiber says:

    “We’ve got a big hole that we’re digging out way out of.”
    —Barak Hussein Obama

    Look: This guy is trying to earn his place in the Leftist pantheon of living gods by doing for us what Gorbachev did for the Soviet Union. Cut him some slack, willya?

  9. Old Texas Turkey says:

    Ha ha

    /Nelson

  10. Dave in SoCal says:

    It looks like Obama’s “specific plan” is in the process of being downgraded to merely “an outline”.

    Kind of reminds me of this scene in Ghostbusters:

    Dr. Peter Venkman: “I make it a rule never to get involved with possessed people.”

    [Dana starts passionately making out with him]

    Dr. Peter Venkman: “Actually, it’s more of a guideline than a rule…”

  11. Dave in SoCal says:

    “We’ve got a big hole that we’re digging out way out of.” —Barak Hussein Obama

    I wonder if Captain Oblivious knows that the hole’s only natural enemy is the pile?

  12. zino3 says:

    This useless and unqualified “little mister” is out to destroy this country.

    How much does it piss you off that Obama and his fat, sleazy wife are spending billions of dollars on their “vacations”, and then that little lizard comes to the microphone and tells ME that I have to sacrifice? Or that YOU must eat healthy (and they will put that into law and take your “obese” children away from you?), but they can eat all the french fries and bullshit they want?

    What kind of “sacrifice” is this little asshole making? Only having a forty car entourage? At twelve miles/gal, that is approximately $2000 to go halfway down Martha’s Vineyard. Not to mention what it cost to get all those un-PC vehicles over there.

    Yeah. Let’s talk about sacrifice, you little Kenyan twat.

    Fuck him. I am already sacrificing, and am about two inches from living in a culvert. Keep letting those illegals in, you fucking stupid toad. Obama and his marxist handlers say: “Illegals only take the jobs Americans don’t want.” Bullshit. They only drive Americans out of the trade market, because Americans have families and homes, whereas these twats live in hornet’s nest for $30 a month, and send their money back home. In ten years they are rich in their homeland, and they leave.

    I can’t do that, shitwhistle. I am lucky to make $100 a day, as opposed to $300 a day about five years ago.

    Fuck you Obama. Fuck you McCain. Fuck you GW, and every other assholes who comes on their own leg in anticipation of illegal votes.

    What an absolutely arrogant piece of horseshit this arrogant little Marxist Kenyan is.

    Yeah. I know. Attitude problem.

  13. mojo says:

    They figure they can get one more bit looting spree in before (in the immortal words of Jim Morrison) “The whole shit-house burns down.”

  14. dicentra says:

    The definition of insanity is doing the same thing over and over again, but expecting a different result.

    I’d like to retire that definition and reassign it to “politics.”

    Fits better.

  15. zino3 says:

    “Looting spree” is much too mild. Not only have I stocked up on water, gasoline, and brown rice, I have bought THREE wheelbarrows to carry my money to the store for a loaf of bread.I just don’t know if I will have the patience to wait six hours for said loaf of bread. Our government is FUCKING us in the name of filling their own pockets. “No problem, you stupid assholes! We are doing this doom dance for OUR own good! Fuck you, stupid morons! And when the Marxists take over, half of us will be killed. (Re: Russia, China, Cambodia)”

    Fucking brown Kenyan stupid, brainless Marxist TWAT! Yup! I’m a racist mofo, because I think ODumbo is a Marxist piece of crap. RACIST! If you disagree with the “Heaven sent Brown man”, you are racist! And don’t doubt that this little weasel spent two million dollars to block release of his birth records because he is a FUCKING LIAR and WAS born in Kenya! If you still want to give him the benefit of the doubt, check out the myriad of posts on Youtube that absolutely show that his “birth certificate” is PhotoShopped.

    Or http://www.Annbarnhardt.biz.

    I would be afraid to meet this woman, much less talk to her! But she is absolutely righteous…

    Yup. Bad attitude.

    Pissed off, maybe?

    And maybe a little more into profanity than the rest of you?

    Fuckin’ A right! This is not the time to be timid.

    I guess I should apologize for my energy, but it’s just who I am. Stop pretending that what is happening is some kind of joke.

    It’s not…

    Not even CLOSE to a joke.

    TLD

  16. happyfeet says:

    you can’t stock up on brown rice really it goes bad too quick cause of it has more oil than regular rice

  17. sdferr says:

    It’s a storm and yonder comes it. Turks and Caicos see a bad day coming tomorrow, and Bahamas the day after. Bad.

  18. zino3 says:

    happyfeet posted on8/22 @ 8:08 pm

    you can’t stock up on brown rice really it goes bad too quick cause of it has more oil than regular rice

    It’s still better than white rice.

    “What’s black abnd walks through the rice fields praying?

    Uncle Ben, converting rice”.

    so shoot me. I am obviously not in a very good mood…

  19. […] The Democrats need more money for their slush fund… Who didn’t see this coming? […]

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