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January 11, 2010

Obama's So-Called "Stimulus" Bill Didn't Do A Bit Of Good, Says Right Wing Kooks At The Associated Press

This is the second time in a week the AP has not only failed to shill for Obama but called out his policies directly.

Please join me in welcoming the newest member of the Vast Rightwing Conspiracy...The Associated Press.

Ten months into President Barack Obama's first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found.

Spend a lot or spend nothing at all, it didn't matter, the AP analysis showed: Local unemployment rates rose and fell regardless of how much stimulus money Washington poured out for transportation, raising questions about Obama's argument that more road money would address an "urgent need to accelerate job growth."

..."As a policy tool for creating jobs, this doesn't seem to have much bite," said Emory University economist Thomas Smith, who supported the stimulus and reviewed AP's analysis. "In terms of creating jobs, it doesn't seem like it's created very many. It may well be employing lots of people but those two things are very different."

Yeah, they are very different things.

I used to know a guy who worked for the state DMV. He used to claim that his department 'made money' because they took in more than their budget. Try though I might, I could never quite get him to understand the difference between confiscating wealth and creating it. Now it seems people like him are running the government.

The best part about this analysis is they actually take on Obama's claim that you can't look at just the county where the money is spent because workers can come from all over. The AP looked at 700 counties that received project money and 700 that didn't. Unemployment trends were the same in both samples.

I guess this means the AP is no longer 'a real news organization' according the exacting standards of the Obama administration.


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posted by DrewM. at 11:35 AM

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