Scott Allan’s World

Joe Biden provides great insight into the Obama administration with his inability to censor himself or stay on message.   The unemployment rate is at 9.4 % and Biden’s reaction?  “Everyone guessed wrong.”  No kidding. This is backed up by the chart PROVIDED BY THE OBAMA ADMINISTRATION at RedState.com.

The President said that without the stimulus plan, unemployment would reach 9% and if we passed the multi-trillion dollar plan, the rate would not exceed 8%.   Well how else would the Obama administration get to force states and private companies to accept federal funds so that he could impose governmental control over them?  I bet he’s kicking himself now.  He should have said the unemployment rate would hit 50% without the stimulus package and he could have gotten trillions more.

Well just as we all suspected, Obama was just guessing.  His economic models clearly do not work.  He has resorted to claiming how many jobs he’s saved instead which is an unprovable number.  He claims he has “saved or created”  100,000 jobs in the first 100 days.  Even if it were true, it’s not very impressive.  I’d like to know whose job he saved?  He might as well say that he saved 154 Million jobs which is the 90.6% of people still employed.  If not for Obama, we’d all be unemployed right now.  If the country loses 1.6 million jobs in the same 100 days, have you really saved anything?

I have about as much confidence in Obama’s ability to predict our unemployment rate as I do trusting him that massive deficit spending will be good for the economy.   Just about everyone with half a brain knows this is going to lead to high interest rates, high inflation, and an insurmountable debt.

I’d like to know what will happen the next time the credit market tightens up or we hit another recession.  This massive deficit spending is unsustainable.   We clearly cannot continue down this path.  I only hope the hypnotic spell the President has cast upon the nation will wear off before the next election and I hope the Republicans can get their act together in time to restore our belief that they are not just liberals in sheep’s clothing.