Democratic Failure: Obama, Reid, Titus And Berkley

From Hertitage.org and The Morning Bell: On June 17, Vice President Joe Biden crashed the daily White House press briefing to kick off the Obama administration’s “Recovery Summer,” a six-week-long campaign to promote the belief that “the Recovery Act is working.” VP Biden claimed: “We knew that the hole dug by the recession that was created by the policies of the last administration resulted in a loss, a real loss of somewhere between $2 trillion and $3 trillion in the economy. We never thought that $787 billion was going to fill those holes — that hole.”
There are so many things wrong with this statement, but we’ll identify just three: 1) according to the Congressional Budget Office, the cost of Obama’s stimulus has soared past $787 billion and now stands at $862 billion; 2) data show that as bad as Biden makes the current recession out to be, more jobs were lost in the first seven quarters of the 2001 recession than were lost in the first seven quarters of this recession; 3) Biden’s personal economic adviser, Jared Bernstein, co-authored a January 9, 2009, report promising the American people that the Obama stimulus would never allow unemployment to rise above 8% and guaranteeing that the U.S. economy would support 138.6 million jobs by December 2010.
So by the White House’s own standard, what verdict does the actual real world data give the Obama stimulus? The Labor Department’s Bureau of Labor and Statistics released its monthly jobs report today showing the economy lost 125,000 jobs in June as 225,000 temporary Census jobs ended. Just 83,000 private sector jobs were created in June. All told the U.S. economy has now lost 2.3 million jobs since President Barack Obama signed his stimulus bill and his administration is now 7.4 million jobs short of what he promised the American economy would support by 2010. There is only one word that can adequately describe the gulf between the President’s economic promises and his economic performance: failure.....
And then there is all of the economic damage President Obama is compounding by his inept response to the Gulf oil spill. Though a federal judge found that President Obama acted in an “arbitrary and capricious” manner when he banned all deepwater (over 500 feet) drilling, energy development still has not restarted. Worse, CNN reports that shallow water drillers say the Obama administration has not issued any permits since April 20, effectively creating a stealth ban on all offshore drilling.
And the summary is devastating: "Real private sector job creation will not begin until businesses are confident enough to take risks in pursuit of opportunity. Individuals and businesses across the nation see tremendous opportunities for starting new businesses, investing, hiring new workers and expanding into new markets. From Obamacare to financial regulation to energy policy, the Obama agenda is making it next to impossible for Americans to take advantage of these opportunities. For private sector job creation to accelerate, bring down the unemployment rate and the Obama jobs deficit, step one is for Washington’s job destruction machine to take a long vacation."
Conn Carroll wrote this piece and it is spot on. With the exception of the oil drilling bans, but I am sure Reid supports, Reid, Titus and Berkley paw
prints are all over the economic downturn and the loss of jobs. They are the one's responsible for the 2.3 million people losing their jobs since Obama signed the stimulus bill. And it's not going to get better. But instead of getting out of the way, the Democrats want to put their paw prints on projects and mess things up. Just look at the way Obama and the Import/Export screwed up a loan to purchase mining equipment. Instead of getting out of the way, they denied the loan and then agreed to the loan but made it contingent on certain conditions, like mandating green energy. Talk about liberal idiocy.
So, to Harry, Dina, Shelly and Obama, you are responsible for the economy and for making it worse, now go and fix up your screw ups.

h/t Charlie Sykes