By Don Rowan | Saturday, February 6th, 2010 at 11:17 pm
Interesting: The Obama Recession now has cost more jobs than any other in modern times. Obama and the Democrats have spent a massive amount of borrowed money promising to produce some 3 Million new jobs — but have produced less than 100,000. Is that performance, Mr. Democrat Politician? The Obama Administration does not have one senior person that has ever run a business or had to make payroll — no wonder they know nothing about business and finance or how to get out of their recession. Is that performance, Mr. Democrat Politician? And, then the Obama Administration wants to give a $3,000 tax credit to those firms that hire people — a bit stupid inasmuch as business hiring decisions are not made on the basis of tax credits but on business needs.
The Obama Administration is quietly hoping the housing market gets better before the citizens figure our how and why the problem came into being. Senator Dodd, Senator Kennedy, and other democrats in Congress rammed through a bill changing the actuarial base for lending — then forced financial institutions to make risky loans which stood a good chance of going into default, which is what happened. The Democrats were hoping to buy votes. Senator Dodd is calling it quits — before the citizens of Connecticut tar & feather him and run him out of town on a rail. Senator Kennedy has been sober now for almost six months. Is that performance, Mr. Democrat Politician?
The Obama Administration is now wanting to raise taxes on all portions of the economy. How stupid — but keep it up Mr. President and you will have a Republican majority to deal with. Why don’t the Democrats adopt a few Republican ideas and get the country our of the Obama Recession? From The Washington Times — Obama, GOP sparring over job creation proposals:
….Obama pushed Congress to use $30 billion that had been set aside to bail out Wall Street to start a new program that provides loans to small businesses, which the White House calls the engine for job growth. Republicans, meanwhile, taunted Obama with a familiar refrain: Where are the jobs the president promised in exchange for the billions of dollars already spent?….
To help the recovery, Obama asked Congress to use leftover money from the Troubled Asset Relief Program, or TARP, to provide to small banks so they can make more loans to small businesses. Republicans have criticized the move, arguing any money leftover from the bailout should be used to reduce the budget deficit.
In the weekly GOP address, Rep. Jeb Hensarling of Texas chided Obama for proposing a  budget last week that would increase spending, taxes and the national debt….
Hensarling … said the stimulus package and the growing government debt have added to the country’s economic problems.
“Democrats chose to go it alone and jam through their stimulus,” Hensarling said. “What did the American people get? A bill for $1.2 trillion and 3 million more jobs lost.”
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Tags: Economic policy, Economics, Fiscal policy, job growth, jobs, small business, TARP, unemployment