Fact Checking Obama’s Claims About The Pork Spending (Stimulus) Bill

Okay, all is not well with the Obamanation. Here are some facts that have been checked by the Associated Press and have been found wanting:

OBAMA: “My bottom line is, are we creating 4 million jobs?” he told the news conference.

He said in Indiana, “The plan that we’ve put forward will save or create 3 million to 4 million jobs over the next two years.”

THE FACTS: Job creation projections are uncertain even in stable times, and some of the economists relied on by Obama in making his forecast acknowledge a great deal of uncertainty in their numbers.

The president’s own economists, in a report prepared last month, stated, “It should be understood that that all of the estimates presented in this memo are subject to significant margins of error.”

Beyond that, it’s unlikely the nation will ever know how many jobs are saved as a result of the stimulus. While it’s clear when jobs are abolished, there’s no economic gauge that tracks job preservation.

In the long run, this bill will cause a loss of jobs. The money to pay for this massive spending must come from somewhere. Ultimately, it will come out of our economy and hurt our ability to create jobs.

OBAMA: “They’ll be jobs building the wind turbines and solar panels and fuel-efficient cars that will lower our dependence on foreign oil and modernizing our costly health care system that will save us billions of dollars and countless lives.”

THE FACTS: The economic stimulus bill would allocate about $20 billion to help hospitals and doctors transition from paper charts to electronic health records for their patients. Research has shown that in some instances, electronic record keeping can eliminate inappropriate services and improve care, but it’s not a sure thing by any means. “By itself, the adoption of more health IT is generally not sufficient to produce significant cost savings,” the Congressional Budget Office reported last year.

Only proven technology leads to new job creation. Unproven technologies rely on government subsidies to continue, like wind farms that need government dollars to remain on-line. Again, this will lead to fewer jobs in the long run.

OBAMA: “I’ve appointed hundreds of people, all of whom are outstanding Americans who are doing a great job. There are a couple who had problems before they came into my administration, in terms of their taxes. … I made a mistake. … I don’t want to send the signal that there are two sets of rules.”

Obama previously acknowledged he “screwed up” in making it seem to Americans that there is one set of tax compliance rules for VIPs and another set for everyone else. Yet his choice for treasury secretary, Timothy Geithner, achieved the post despite having belatedly paid $34,000 to the IRS, an agency Geithner now oversees.

That could leave the perception that there is one set of rules for Geithner and another set for everyone else.

And let’s not forget how Obama went on a tirade about lobbyists in John McCain’s campaign and yet Obama himself appoints lobbyists to his own staff.

Anyone else think that there aren’t two set of rules here?

OBAMA: “We also inherited the most profound economic emergency since the Great Depression.”

THE FACTS: This could turn out to be the case. But as bad as the economic numbers are, the unemployment figures have not reached the levels of the early 1980s, let alone the 1930s — yet. A total of 598,000 payroll jobs vanished in January — the most in nearly 35 years — and the unemployment rate jumped to 7.6 from 7.2 percent the month before. The most recent high was 7.8 percent in June 1992.

And the jobless rate was 10.8 percent in November and December 1982. Unemployment in the Great Depression ranged for several years from 25 percent to close to 30 percent.

When we do reach the unemployment levels of the 1930’s, it won’t be because of the Bush Administration and the economy growing tax-cuts they enacted. It will be because of the socialist policies the Dems are trying to force down our throats right now.

You can access the complete article on-line here:

FACT CHECK: Examining Obama’s Job, Pork Claims
Calvin Woodward
Associated Press via Yahoo News
February 10, 2009

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One Response

  1. […] Not everyone, just those who supported the measure. Those of us who opposed it knew exactly what the outcome would be. […]

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