An Inconvenient History
Vol: 101 Issue: 18 Thursday, February 18, 2010
The largest and most comprehensive theft in the history of mankind was reinvented yesterday, thanks to the blowing of more smoke and mirrors than David Copperfield used to make Niagara Falls ‘disappear’ – but no less audacious.
The speech was all about how Obama’s real intention was to prevent the failure of big business and to shore up the economy to prevent the downturn from getting worse.
Obama claimed some 2 million jobs were either ‘saved or created’ – four times the 595,263 jobs claimed at the White House recovery website.
Could it be that he was lying? Hmmmm. (Were his lips moving?) And the majority of jobs ‘saved’ are government jobs.
According to Obama, the massive unread stimulus bill that was pushed through the Congress unilaterally by the Democrat majority in 21 days, prevented the recession from becoming a depression.
That was the purpose of the TARP bill — which passed before Obama took office.
It was as absurd as Joe Biden’s claim that Iraq was one of “the Obama administration’s greatest success stories.” Or Obama’s bizarre claim in Egypt that America’s 0.6% Muslim population made America one of the world’s largest Muslim countries.
The purpose of the economic stimulus bill was to stimulate the economy by pouring money into shovel-ready jobs.
One year later, Obama is claiming that the relative successes of the TARP bill were all his administration’s doing as a consequence of an economic stimulus bill that Obama largely kept in reserve.
Q. In reserve for what? A. In reserve for this year to use to buy votes for his party in the mid-term elections.
As I listened to President Obama shamelessly recasting recent history on the fly, I was again reminded of Joe Biden’s cryptic ‘gird your loins’ comment in October, 2008 during the campaign.
“Mark my words,” was how Joe prefaced his remarks. I did and they came rushing back to me as I listened to Obama spin 10% unemployment into evidence of an economic recovery by arguing, in essence, “it could be worse.”
“It will not be six months before the world tests Barack Obama like they did John Kennedy. The world is looking. We’re about to elect a brilliant 47-year-old senator president of the United States of America. Remember I said it standing here if you don’t remember anything else I said. Watch, we’re gonna have an international crisis, a generated crisis, to test the mettle of this guy.”
“I can give you at least four or five scenarios from where it might originate. . . And he’s gonna need help. And the kind of help he’s gonna need is, he’s gonna need you – not financially to help him – we’re gonna need you to use your influence, your influence within the community, to stand with him. Because it’s not gonna be apparent initially, it’s not gonna be apparent that we’re right.”
“The media and the Democrats have been talking down the economy since the dawn of the Bush administration. It has evidently been a winning strategy since most Americans are convinced the economy is terrible, despite eight years of uninterrupted growth.
Now, the economy is in trouble. Everybody says so. So why am I still experiencing that sense of cognitive dissonance that I’ve come to regard as a visiting friend?
The media, the Democrats and now, the president and many top Republicans are all reading from the same page on the script. But something about it makes me dizzy. What they’re saying doesn’t seem to line up with what is happening.”
I’m beginning to wonder if the ‘manipulated crisis’ Biden was talking about was the economic downturn Obama turned into a bottomless government-sponsored campaign war chest.
Biden’s comments, made in October, were right on the money (no pun intended) almost six months in advance of the passage of the stimulus bill that stimulated nothing — because most of it is still sitting in the bank.
Joe said it was going to be a generated crisis. He said it is not “gonna be apparent initially. . .that we’re right.” Well, Obama’s approval rating has been falling like a stone ever since he rammed through the $700 billion dollar stimulus.
The bill was sold to us as an ‘emergency bill’ – that’s why it took just 21 days to pass with the entire Congress admitting that they hadn’t even read it.
It was supposed to create ‘shovel-ready’ projects that would stimulate job growth without which, Obama warned, unemployment could reach 8%.
One year later, only $272 billion has been spent, largely in Democratic political strongholds. There is still $572 billion ‘emergency’ dollars sitting in the bank for Obama to buy votes with during the 2010 mid-terms.
If all that money had actually been used to stimulate shovel ready job projects, then millions would still have their jobs. But then, Obama wouldn’t have that slush fund handy for November.
Joe Biden was right when he was inadvertently spilling the beans. Obama is a brilliant guy.
Cold as ice. But brilliant.