An Examination Of Obama's Economy Speechapalooza From Outside The Cult
The president is great when it comes to platitudes. At Knox College in Galesburg, Ill., Obama laid out the “cornerstones” of what it means to be middle class in America: a good job, a good education, a home of one’s own, a secure retirement and affordable health care.
He’s less adept at outlining the policies needed to achieve those goals. That’s when Obama is at a loss for words and inconsistent in his explanations. A few examples will suffice.
No. 1. Because Obama speaks with such authority, it often takes several repetitions before I realize that what he’s saying is total nonsense. For example, he wants to spend $50 billion on infrastructure to create jobs. But the 1,700-mile Keystone XL pipeline, which would carry oil from Canada’s tar sands to refineries on the Gulf of Mexico, would “create about 50 full-time jobs,” he said at a speech last week at an Amazon.com Inc. fulfillment center in Chattanooga, Tennessee.
The State Department did say that the project’s effect on permanent job creation would be negligible. In the interim, however, the pipeline would create, directly or indirectly, as many as 42,000 jobs. That includes subcontractors, suppliers of materials and equipment, and hospitality services (food, clothing, lodging) in addition to 3,900 construction jobs.
The same kind of jobs the White House used to promote its $831 billion fiscal stimulus in 2009, explaining that one person’s spending is another person’s income.
What’s the difference between the job-creating potential of Obama’s proposed infrastructure investment and that of the pipeline? One is public, the other is private. If that’s the distinction, he needs to explain it or drop the fiction that hiring to rebuild roads and bridges has a different impact on employment, wages and spending than hiring to build a pipeline.
This entire article is a succinct critique of exactly how and why The Idiot King is so full of it when speaking about jobs and the economy. It is the only kind of assessment one can make about this president-especially when it comes to employment-when one isn't drowning in one's own drool while writing about him.
(almost) Four more years.
Article printed from PJ Media: http://pjmedia.com/tatler
URL to article: http://pjmedia.com/blog/an-examination-of-obamas-economy-speechapalooza-from-outside-the-cult