I was asking myself this question a few days ago….. Armstrong Williams asks the same thing..
During the first five months of the Obama administration, unemployment increased from 8 to 9.4 percent.
Yet the president claims to have “saved ” or “created” millions of jobs through his stimulus package.
Then how does he explain the increase in the rate of unemployment? How does this administration define saving jobs?
Ask the people in the unemployment lines: Were their jobs “saved”? Perhaps the only people who can truthfully acknowledge that the president saved their jobs are the people in Detroit ‘s bankrupt auto industry. The administration saved their jobs at a cost of $300,000 per job. These are jobs that pay $50,000 per year on average! The government could have saved $250,000 per job by paying unemployed workers their salary for a year and encouraging them to look elsewhere for a productive job. At $300,000 per job saved, perhaps Americans would prefer a higher rate of unemployment.
At this rate, the cost of “saving” jobs will end up bankrupting the federal government. Whoops, I forgot, the federal government could increase taxes to pay for the outrageous costs of “saving” jobs; and when taxpayers cry uncle, the administration can monetize its liabilities by having the Fed print money. At this rate, the federal government will end up bankrupting taxpayers and making their financial assets worthless through inflation.
When you have a liberal Democratic Congress lead by a liberal Democratic president, it is a prescription for fiscal disaster.
