Yesterday the Pew Research Center released a new poll on the economic stimulus debate. Like every other poll taken so far, the Pew poll showed again that support for President Obama’s Trillion Dollar Debt Plan has fallen since it was first announced. While 92% of those polled viewed Obama as a good communicator, those Americans that were paying the most attention to the stimulus debate also were the most opposed to the plan. The more that Obama’s lofty rhetoric is tested against fact and common sense, the less support his policies have. Below are just the five most audacious sales pitches Obama employed to gin up support for his Trillion Dollar Debt Plan.
No Earmarks: “What it does not contain, however, is a single pet project, not a single earmark, and it has been stripped of the projects members of both parties found most objectionable.” – This is a clever semantic ploy by Obama. While it is true that no individual Congressman stuffed a Bridge to Nowhere in the bill’s conference report, when Speaker Nancy Pelosi (D-CA) and Rep. David Obey (D-WI) wrote the bill, they included billions of line-item spending elements to payoff leftist interest groups, including: $450 million for NASA “climate-research missions”, $600 million for NOAA “climate modeling”, $2 billion for a single power plant in Obama’s home state of Illinois, and on and on.
4 Million Jobs: “My bottom line is to make sure that we are saving or creating 4 million jobs.” -Obama is not creating 4 million jobs. According to the Congressional Budget Office, under the most optimistic models Obama’s Trillion Dollar Debt Plan would create only 3.6 million jobs and could produce only 1.2 million jobs. And one in five of these jobs will be a government job.
Spending: “Look, I would love not to have to spend money right now. This notion that somehow I came in here just ginned up to spend $800 billion, that wasn’t — that wasn’t how I envisioned my presidency beginning.” – That’s a different tone from Obama’s own chief of staff, who recently said, “Never allow a crisis to go to waste…They are opportunities to do big things.” But the bill itself is all the proof you need the Obama and his leftist allies thoroughly love their chance to blow a trillion dollars. The Obama Trillion Dollar Debt Plan doubles the size of the Department of Education and creates 32 brand new government programs. Worse it sneaks in a major down payment on Obama’s health care plan creating the bureaucracy and tracking systems necessary to force socialized medicine on the American people.
Free Lunches: “Once the economy stabilizes and people are less fearful, then I do think that we’re going to have to start thinking about how do we operate more prudently, because there’s no such thing as a free lunch.” – Obama’s Trillion Dollar Debt Plan is founded on the belief that government’s can provide endless free lunches to the American people. Does Obama believe the trillions he wants to spend grows on trees? Nobel laureate Gary Becker writes: “There are no free lunches in spending, public or private. The increased federal debt caused by this stimulus package has to be paid for eventually by higher taxes on households and businesses. … The burden from higher taxes down the road has to be deducted both from any short-term stimulus provided by the spending program, and from its long-run effects on the economy.”
Japan: “We saw this happen in Japan in the 1990s, where they did not act boldly and swiftly enough, and as a consequence they suffered what was called the “lost decade” where essentially for the entire ’90s they did not see any significant economic growth.” – This statement is audacity defined. Since 1992 Japan has spent $6.3 trillion in stimulus spending, racking up the largest public debt in the developed world — totaling 180 percent of its $5.5 trillion economy. And this massive borrow-and-spend splurge did nothing to help the economy. And Obama thinks this is evidence in support of his Trillion Dollar Debt Plan?
No wonder support for Obama’s economic stimulus plan is sinking like a rock.
- The size of the bank bailout Treasury Secretary Tim Geithner will unveil today may top $1.5 trillion.
- Rep. Heath Shuler (D-NC) said Majority Leader Harry Reid (D-NV) and Speaker Nancy Pelosi (D-CA) “have really failed” to produce a stimulus that is “efficient, stimulative and timely.”
- Defending his vote in favor of Obama’s Trillion Dollar Debt Plan on Laura Ingraham’s radio show, Sen. Arlen Specter (R-PA) falsely claimed that Harvard economist Martin Feldstein supported the stimulus bill.
- Since none of the men held at Guantanamo were read their Miranda rights on the battlefield, trying them in civilian criminal court would be the same as setting them free.
- As General Motors burns through taxpayer money trying to stay in business, they are also trying to shed 1,675 of its more than 6,000 dealers by the end of 2012.