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I told you energy prices would "skyrocket under my plan." - Image: Rush Limbaugh.com
The liberals are waiting with baited breath for President Obama’s much ballyhooed “jobs speech” but like his budget, the president’s jobs program will probably be much ado about nothing.
If you’ll remember earlier this year the president went on national television to champion his budget plan, the problem is, his plan was just a speech and not an actual budget. When CBO Director Doug Elmendorf testified before Congress in June, he was asked to estimate the president’s budget framework; he got off an epic blast when he said “we cannot estimate a speech.”
Lest we remember a year ago, President Obama was touting his vaunted jobs program, which was so important that he postponed announcing it until he returned from his vacation in Martha’s Vineyard. Hey, you’re talking about this year! No, President Obama put America through this same song and dance in 2010. He did this after touring all over the country boasting about the wondrous recovery that America was experiencing.
Think back to the Thanksgiving, Christmas holiday season of 2009; President Obama was bragging about how well his stimulus plan worked. “We passed the Recovery Act, which created or saved up to 1.6 million jobs,” Obama said. “We stopped our freefall and lifted our economy to the point where it’s growing for the first time in more than a year.”
Of course we all know now that America has not been in a recovery but have been on a steady decline since he took office.
To make matters worse, the Obama administration has been cooking the books in a manner that would make Enron CEO Ken Lay look like a pillar of honesty.
First the administration invented the “created or saved jobs” fallacy out of thin air. There is absolutely no way to calculate that statistic, period. Furthermore, Obama has been arbitrarily subtracting the number of jobs that the unemployment rate is based on even though our population has grown by ten-percent over the last decade. If you pay a visit to one of my favorite websites, shadowstats.com, you will see that the real unemployment rate is pushing 25 percent.
The same holds true for inflation. The Obama administration leaves critical factors out of their calculation for inflation. They are purposefully leaving energy costs, food, and commodities out of their calculation. Everything thing that is made in America is produced from commodities; they are the raw materials that everyday items are made from. Even more obvious is that energy is required to produce goods, including food. Finally, the goods must be delivered to market and with skyrocketing energy prices, which was one of the president’s campaign promises, the cost to deliver the goods has consequently skyrocketed as well. It’s no wonder they’re able to show there’s no inflation, they aren’t measuring the value of anything tangible. In fact, real inflation is north of 10 percent and has been for some time.
The same holds true for the Gross Domestic Product (GDP) which is just government speak for the nation’s net worth was recently revised down for the last three years because the administration has been lying about that too.
President Obama’s entire fiscal policy is little more than a myth like Sasquatch or the Loch Ness Monster.
Now the left is feigning outrage that the Republican Party will not be offering a rebuttal. A rebuttal to what? If the president has a plan, put it in a bill and send it to Congress.
This is little more than President Obama going on national television to give a tired campaign speech full of his usual platitudes. Typically a joint session of Congress is reserved for the State of the Union or to announce something major like we’re going to war, not for the president to outline vagaries of a plan that doesn’t exist. Like ocean front property in Arizona, the American people were duped by a slick advertising campaign in 2008 but they’re on to you now Mr. President.
Caveat emptor…