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Thursday, August 26, 2010

Obama’s Beltway Chainsaw Massacre

Building on my continuing War on the West/War on Jobs series, today’s column initiates an Obama jobs death toll. The social justice Left has always used Alinskyite story-telling to get its way. Time for the Right to better tell the stories of the forgotten victims of the Obama job-killing machine.

Regarding the new CBO report on the stimulus (coincidentally — or maybe not coincidentally — released on the same days as GOP leader John Boehner’s jobs speech), McQ says pointedly: “Of course it boosted the GDP by a sizeable amount. When you pour almost a trillion dollars out of the government bucket and that is part of the calculation of GDP, then naturally the GDP is going to be ‘boosted’. The question is, what good did it do. Claims of ‘increasing the number of people employed’ is, as is obvious, a guess cranked out by an economic model. But look around you. When what the bucket has dumped out drains away, what do we have? 9.5% unemployment – at least at an official level – 1.5% higher than what was promised if the “stimulus” wasn’t passed. A stagnant economy. Businesses neither expanding nor hiring. Car sales – down. Housing sales – way down. Consumer confidence – in the tank. Expanded regulation, increased taxation and a war on business…So let the left and the media try their best to make this more than it is – the effect on GDP calculation that absurd levels of governmental deficit spending will have. Take that out and there isn’t much to shout about, is there?”

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