Stimulus, Re-Distribution of Wealth Failed
Appearing at a fund raiser for (D) Russ Feingold in Milwaukee last night, Vice President of Buffoonery, Joe Biden finally admitted that we can’t spend out way out of a recession.
Biden, occasionally known for being dumb enough to actually tell the truth despite the Obama Administration’s best efforts to keep him locked up with Perot’s crazy aunt in the basement, he gave his assessment of the economy saying “there’s no possibility to restore 8 million jobs lost in the Great Recession.”
Considering the Democrats added nearly $3 TRILLION dollars to the National Debt through TARP, Bailouts, “Stimulus” spending, Cash for Clunkers and 99 weeks of unemployment benefits, and “health care reform” Biden’s latest guffaw, albeit truthful, isn’t exactly a ringing endorsement for Obama’s economic policies or those who would follow them like oh, say Russ Feingold.
Of the more than 8 million jobs lost in this recession, nearly 6 million of those jobs were lost under the Obama Administration according to the Bureau of Labor and Statistics, as they ramped up Government spending, added nearly $3 Trillion dollars to the National Debt, and threatened private companies across America with increased taxes and legislation.
Joe Biden’s right, there is no possibility of restoring the 8 million jobs lost during this recession, the overwhelming majority of which were on the Obama Administration’s watch as long as the Thug in Chief continues to rob from those who produce, and re-distributes to the government welfare class.
Can you see November yet? I can.
By the way, if I were running for office as a Republican against an incumbent Democrat, I’d find the video tape from CBS News in Milwaukee yesterday, and make a campaign commercial out of Biden’s “no possibility to restore the 8 million jobs lost” statement. Just loop it over and over until the American people snap out of whatever kool-aid induced spell Obama has them under.
Are you listening Republican Party? Michael Steele?