Old Barack Hussein and his socialists minions Reid and Pelosi don’t like people asking them to account for the stimulus fiasco. It was pure and simple a payoff to leftist causes the Democrats had long championed. To assure that they could never be held accountable for the $787 Billion budget buster, Obama said that it would “create or save” 3.5 million jobs. Any one with an ounce of sense knew that the “save or create” obfuscation would put them beyond accounting. Problem is that they advertised that the unemployment rate would not go beyond 8% and then they set up a website to account for the “save or create” menagerie.
Well, with the lapse of time, the unemployment above 10%, and several funny-paper headlines about jobs created or saved, we saw the administration touting 1 million jobs in October and www.recovery.gov suggesting only 528,916 as of the same month. Silliness aside, the job numbers are terrible. What’s worse is that 2010 is an election year!
What to do, what to do? MSNBC reports January 12th: “White House changes stimulus job accounting” ”New method will make it impossible to track ones saved or created” Henceforth it will only be a matter of counting jobs funded by the stimulus. “Recipients of recovery money no longer have to show that a job would have been lost without stimulus help, and they no longer are require to keep an ongoing tally of jobs saved or created. The new rules allow stimulus recipients to limit the job tally to quarterly reports, making it impossible to avoid double-counting a job that was created in one quarter and continued into the next.” These new rules were quietly published last month in a memorandum to the federal agencies.
The sad part of this is already being seen on the state side of the stimulus. The beggar states like California are in hock up to their eyeballs with nowhere to turn just when the stimulus money is about to run out! More deficit and more debt is becoming unpopular with the voters, especially in an election year when memories are not all that short, so it’s a hot potato for Obama. What may happen is the second part of a double dip recession. And this dip will be caused or greatly exacerbated by the Obama-Reid-Pelosi team.
Bottom line: the quiet change of the stimulus jobs accounting rules really shows these leftists to be the despicable charlatans that they are.
Tom Motherway