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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