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Obama: Job Losses Prove That The Stimulus Worked

Video - Obankster on jobs and the failed stimulus from yesterday's press conference

The stimulus was a resounding joke, supporting politically important states at the expense of everyone else, and expanding the deficit.  $800 billion that accomplished nothing outside of burying your children under an even greater debt burden.  Allow me to repeat, we borrow 43 cents of every dollar Washington spends.  43 cents and nothing to show for it.

Transcript is below:

Our biggest priority of this administration is getting the economy back on track and putting people back to work. Now, without re-litigating the past, I am absolutely convinced and the vast majority of economists are convinced that the steps we took in the recovery act saved millions of people their jobs, or created a whole bunch of jobs. And, part of the evidence of that, as you see instances of the recovery act phasing out. When I came into office and budgets were hemorrhaging at the state level. Part of the recovery act was giving states help so they wouldn't have to lay off teachers, police officers and firefighters. As we've seen that federal support for states diminish, we've seen the biggest job losses in the public sector -- teachers, police officers, firefighters, losing their jobs. So, my strong preference would be for us to figure out ways that we can continue to provide help across the board. But I'm operating within some political constraints, because whatever I do, has to go through the House of Representatives. What that means then is, among the options that are available to us is for example the payroll tax cut.


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Reader Comments (21)

Going to dump a few links in here...


Fate of Italian bond market crucial to euro

Pressure on Italian bond markets to pass austerity program

Jul 12, 2011 at 2:44 PM | Registered CommenterDailyBail
SAN FRANCISCO (MarketWatch) — Gold futures rose Tuesday, supported by ongoing worries about the euro-zone debt crisis and poised to extend gains into a sixth session.

Gold for August delivery GC1Q +1.55% added $4.10, or 0.3%, to $1,553.40 an ounce on the Comex division of the New York Mercantile Exchange. It had earlier wavered between small gains and losses.

Jul 12, 2011 at 2:44 PM | Registered CommenterDailyBail

LONDON (MarketWatch) — European stock markets ended lower Tuesday as fears over the spread of the sovereign-debt crisis continued to drive selling, though a relatively successful Italian debt auction helped put a floor under losses.
Jul 12, 2011 at 2:46 PM | Registered CommenterDailyBail
Jul 12, 2011 at 2:47 PM | Registered CommenterDailyBail
Jul 12, 2011 at 2:48 PM | Registered CommenterDailyBail

Greek PM Sends Open Letter To President Of The Eurogroup Saying: Our Problem Is Your Problem
Jul 12, 2011 at 2:50 PM | Registered CommenterDailyBail
Jul 12, 2011 at 2:50 PM | Registered CommenterDailyBail
Look at the body language, facial expression and cadence/tone of Soetoro's teleprompter read speach. Even he does not believe a word of what his is saying.

Then look at the press/photographers in the background of the clip, they do not believe a word of what he is saying either.

Like MJ, Barry Soetoro (with no confirmable past) is now worth more dead than alive to his zionist handlers.

Assassination or an eminent next (nuclear) 9/11 is definately coming down the pike in the next few days IMHO.
Jul 12, 2011 at 3:05 PM | Unregistered CommenterMouser
"And, part of the evidence of that, as you see instances of the recovery act phasing out. When I came into office and budgets were hemorrhaging at the state level. Part of the recovery act was giving states help so they wouldn't have to lay off teachers, police officers and firefighters. As we've seen that federal support for states diminish, we've seen the biggest job losses in the public sector -- teachers, police officers, firefighters, losing their jobs."

Is the other part of the evidence nonsense as well?

More curiously, is Tim Geithner moonlighting as a speechwriter?
Jul 12, 2011 at 3:31 PM | Unregistered CommenterCheyenne
Does anyone believe anything this scumbag or any other scumbag in the US government says anymore? Just shut the fuck up. All your lies and bullshit do is just piss people off even more.
Jul 12, 2011 at 3:39 PM | Unregistered Commenterj r
wow Obama LIES AGAIN. WOW, every time his marionette mouth moves, out flows more BS

hey daily bail, its time to post "Operation Fast and Furious" where the "President" and "Attorney General" have lied and got caught lying about FUNNELINNG ILLEGAL ARMS INTO MEXICO. yes this is the government funneling illegal arms into another nation. Yet just today, days after this revelation elicited a loud YAWN from the dumb-downed sheeple public, the ATF is STILlLcracking down on US citizens over BS. Excuse me but Operation fast and Furious is a bigger crime than any citizen exercising their 2nd amendment rights could evernpull off. Why do we put up with this? They break the laws AND convict innocent people of the same BS laws? How long, "Ameriduh?"

How about the ongoing coverup of Fukushima and the radiation carried here to the US by the JET SREAM? Or the two flooded nuke plants in Nebrasks being covered up by the government and major media? How about Los Alamos burning contaminated soil into the air? OOPS. How about Yankee nuke power plant in Vermont? How about Sellafield in UK where it came out in 2003 that ALL kids within hundreds of miles or more have PLUTONIUM PERMANENTLY IN THEIR TEETH. OH THAT'S REALLLL HEALTHY!

How about the 4 illegal wars, terror drone bombings of innocent civilians, broken fiat inflation currency, massive unpayable debt, destruction of the constitution, corruption of all courts, gestapo poilce reveue collection stormtroopers, fake birth certificates, weather wars, chemtrails and poisons in your air food water body medicine, illegal spying on innocent citizens while turning a blind eye to the robber-baron fascist oligarchy
Jul 12, 2011 at 3:44 PM | Unregistered Commenteruvyu
I've posted on fast and furious a few times already...and i've just posted a new story on Holder lying about it to congress...check today's links...
Jul 12, 2011 at 3:59 PM | Registered CommenterDailyBail
sorry didn't mean to imply you weren't covering it. I'm just appalled at the big picture.
Jul 12, 2011 at 8:20 PM | Unregistered Commenteruvuy
Before his spin doctor reworded it, the speech read.

I got away with nearly every bit of looting I tried. QE2 went to Europe, with much of this money loaned back to the American government at a raised interest rate. I escaped accountability for every lie, I was not confronted by anyone concerning my many betrayals against the American voters and the U.S.Constitution. Computerized hi-velocity trading is in place, performing over 50% of the trading on Wall Street , the S.E.C. is neutered, the F.T.C. is neutered, and the Lamborghinis lined up at the back doors of Wall Street bellow out a roar of victory for the banks in the British protectorates as the coin is loaded in. This is music to my ears.
I sincerely hope that America appreciates television. At this rate, it will be all most Americans have left after the bankers finish repossessing homes. The banks already own over one half of all American home equity, and I look forward to fetching the bankers the other half.

Extensive behavior-mod programs at our local police precincts PROMISE to deliver battalions of police officers to the ever decaying streets of America without a clue of what is going on. All officers have been given a year's supply of stearoids with a post-hypnotic suggestion to viciously club everyone they see when they hear the word, "OFFICER".
I hope our troops appreciate the 'vigor' of battle. New tours are scheduled for all. Janet Napolitano has been issued a new shoulder-padded, ribboned uniform to help you all get 'into the mood'. The last gasping breaths of America should be accompanied by style with conviction, since actual Wall Street convictions will be in absence these last days.

And so I conclude, ringing in a new era of prosperity and vice, not to be confused with the American dream. See ya, suckers. I am your president, and you are dumber than posts. (Turn and moon the camera.)
Jul 12, 2011 at 9:31 PM | Unregistered CommenterHoward T. Lewis III
Thanks for the laugh and great comment howard...i enjoyed that...
Jul 12, 2011 at 10:45 PM | Registered CommenterDailyBail
@uvuy...no worries...i was just alerting you to the story in today's links...
Jul 12, 2011 at 10:45 PM | Registered CommenterDailyBail
The problem as with any stimulus, it does not trickle down...
Jul 12, 2011 at 10:49 PM | Unregistered CommenterS. Gompers
Is it massive coindcence Obama's head makes me thing of Yoda?
Jul 12, 2011 at 10:52 PM | Unregistered CommenterCheyenne
all i see when i look at obama is jeff immelt and jamie dimon...
Jul 12, 2011 at 11:07 PM | Registered CommenterDailyBail
My stomach flips every time I hear this stammering boob. I can't believe he can say the stuff he says with out a rim shot at the end.

Jul 13, 2011 at 11:44 AM | Unregistered CommenterMichelle the Wookie
In all seriousness, spend an hour or two on Operation Monarch. Knowing this program has been in existence for many years gives me the presence of mind to not totally lose it on an hourly basis.

UVUY, B.O.'s pathological lying, passivity,forgetfulness, and generally complete divorce from all matters rational people care about can be explained by a few surgeries. He acts incapable of reacting independently on the basis of his thoughts. He must be physically blocked and redirected by his handlers. The domination of this last primary election by the CIA in the vote fraud and near total sealing of most all B.O.'s records should cause a 'condition red' reaction. The Bushs were closely associated with these activities.

SEARCH: Feeney + Curtis + Senate investigation + murdered detective. Don't miss out on a SEARCH: Brownsville Texas + satanic cult + George W. Bush + Franklin cover-up + Michael Aquino + The Presidio. To understand their 'game' , you need to see the basis for their irrationality. They are crazy, and so no rational process will apply to their motive beyond more power to destroy and money.

Under Nixon, Rumsfeld and Cheney were the White House's tie to the biological and chemical warfare activities at Fort Dettrick and beyond. The justice department was tipped off back in 1974, and the facility was raided with machine guns drawn for the Fort Dettrick activities violating the U.S.-Soviet Treaty. The 1975 Sen. Frank Church hearings on illegal activities in the U.S. by the CIA was the result. (Things got done then. Very little baby-rat mewling occured like what dominates congress today. Thank the CFR TV programming.) George HW Bush would not make that mistake again. He and his demented son have stacked the Supreme court. GHW Bush was ambassador to the 'U.N.' and probably the U.S. authority over the CIA before becomming CIA director, even though William Colby and Richard Helms held title. The odds that B.O. is a true to the scalpel 'Manchurian Candidate' become higher and higher as each week goes by. The irrationality and shockingly two-faced aspects of his personality have taken center stage. Michele Obama's flashing the satanic hand sign on magazine covers just after the elections connote a fealty to the English empire satanists. Satanists Alestaire Crowley and Anton McVay made that sign alot. 9-11 and the other attacks follow a numerology which numbskulls are prone to revel as important to their life's duty. Here, numerology facilitates cooperation among apparently non-associated groups.
If Hillary makes it any higher in the ranks, it is because nobody is listening to me. She is as whack as B.O. without surgery.
Jul 13, 2011 at 4:24 PM | Unregistered CommenterHoward T. Lewis III

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