Obama is clueless what occurred in the last November election. The president admitted that the Democrats took a severe shellacking, but that is not going to stop Obama from spending more. At the present, we are going to hit the debt ceiling in the next couple months, and the Republicans are adamant to cut spending. In the past year, a series of stimulus packages gave us an above 9 percent unemployment or 17% underemployment. In the summer of July 2010 from the (Hot Air) website, they described how Obama was committed to spend $2 Billion to create 5000 jobs. The article went on to say:
Obama proposes spending $2 billion to create a total of 5,100 jobs. That will cost $392,156.87 per job. That kind of money, in the private sector at least, should fund several jobs. Heck, even a government bureaucrat costs less than that; even at the Department of Transportation, that would cover two and have enough left over for a secretary. But that’s not the only folly in this proposal. Of the 5,100 jobs Obama promises, only 1,500 of them are permanent jobs. The others are construction jobs, which will only last as long as the money flows to the project. That means we will spend over $1.3 million per “permanent” job in building this “green economy,” which looks more like a red-ink economy with even a cursory check of the numbers.
This example is nothing short of shocking. There was an example of a Los Angeles county given a stimulus of several million dollars and that produce 55 jobs. It is important to understand that the government role is never intended to create jobs. The real jobs are created by the private sector. The governments role is to spend our money. Therefore, Obama had no intent in changing his ways after the election.
(WSJ) President Barack Obama will call for new government spending on infrastructure, education and research in his State of the Union address Tuesday, sharpening his response to Republicans in Congress who are demanding deep budget cuts, people familiar with the speech said.
Mr. Obama will argue that the U.S., even while trying to reduce its budget deficit, must make targeted investments to foster job growth and boost U.S. competitiveness in the world economy. The new spending could include initiatives aimed at building the renewable-energy sector—which received billions of dollars in stimulus funding—and rebuilding roads to improve transportation, people familiar with the matter said. Money to restructure the No Child Left Behind law’s testing mandates and institute more competitive grants also could be included.
While proposing new spending, Mr. Obama also will lay out significant budget cuts elsewhere, people familiar with the plans say, though they will likely fall short of what Republican lawmakers have requested.
