President Obama unveiled his American Jobs Act (Job Plan) to an eager audience, which included the woman about to be quoted, but the fallout since then has included statements like this, from journalist Megan McArdle of The Atlantic: “I really wish that Obama hadn’t wasted my Thursday evening, and that of 31 million other Americans. McArdle says the reason is because Obama’s jobs plan was “designed to produce one job–a second term for Barak Obama.”
It isn’t a good sign for the president that many others are espousing the same low opinion of his jobs plan, with the Washington Post reminding readers that “economists of all stripes” predict unemployment will continue to be bad for three more years even if the plan were to pass, since it doesn’t really address the issue enough.
The president admits that the jobless rate percentage (over nine percent at present) would only drop one percent if the plan was enacted, and that is a far cry from the six percent experienced before Obama came into office the Post stated.
But it gets worse.
Mark Zandi, Moody Analytics’ Chief Economist — the same person Pres. Obama uses to cite how many jobs would be created (1.9 million) under the plan — says the 1.9 million job creation is only for the year 2012.
That’s a fact not making the rounds according to the Post, who says Zandi estimates that as early as 2013 (after the next presidential election) the economy essentially tanks again, getting worse in 2014 and 2015 because the stimulus monies gained are fading away quickly through the spending.
That’s what we’ve had during the past several years: stimulus funding by Congress and the president and then higher unemployment and mortgage defaults later, when the money is all spent.
Can America afford to continue down this same road that is obviously not working?
If you’ve labored under the illusion that Pres. Obama’s three years in office thus far — and the stimulus funding monies approved since should have rescued America from here deficit and unemployment rate woes, TV Guide says you didn’t listen to the president during his speech, when Pres. Obama pinned responsibility for America’s failures on you and your children.
“We have to turn off the TV and put away the video games sometimes and get our kids motivated about learning.” the president said that, “If we don’t do that, we’ll continue to slip behind.”
Atlanta’s joblessness continues to be hovering at the top of the nations stats, with Metro Atlanta seeing a joblessness rate as high as 11.7 percent in the month of August the AJC reported. Are Atlanta parents watching much more television and allowing their children to play video games more than the rest of the country? According to the president they must be.