Claimed First $787 Billion Spending Spree Would Create Millions Of Jobs
As President Barack Obama and former DNC Chairman Tim Kaine travel to Richmond today to attempt to sell Virginians on their proposal for yet another round of costly deficit “stimulus” spending, Virginians are reminded that Kaine has spent the last several years as the number-one cheerleader for Obama’s original failed $787 billion “stimulus” debacle.
Click Here To Hear President Obama’s Praise For His Friend And
Former Employee Tim Kaine In Richmond Today
Kaine claimed that the original spending binge would create millions of new jobs, while his bosses in the Obama Administration even projected that it would hold unemployment below 8 percent. But instead, the country has lost 2.4 million jobs since Obama took office, and America is now in its 31st consecutive month of above-8-percent unemployment.
Notably, in addition to joining his former boss in Richmond today, Kaine spent last night reaping the rewards of his partisan water-carrying at a ritzy fundraiser with elite Obama bundlers in Chicago.
“President Obama and Tim Kaine’s first round of costly ‘stimulus’ spending failed to create the jobs they promised while driving our national debt through the roof, so why do they want to stand side-by-side and make the same mistake again?” said National Republican Senatorial Committee (NRSC) spokesman Chris Bond. “It’s clear that Washington Democrats like Kaine and Obama have absolutely no new ideas to offer Virginians – just more of the same wasteful deficit spending, crushing debt, and job-killing tax hikes.”
Meanwhile, WTVR’s Mark Holmberg notes Obama’s choice of venue:
So President Obama is giving his jobs speech and discussion at the University or Richmond, a campus as far removed from hard times as you can possibly get? Really? “This is a jobs venue?” asked an incredulous Paul Goldman, the democratic strategist behind Doug Wilder’s historic run to Virginia’s governor’s mansion… It’s one of the nation’s richest universities, with an endowment of almost $1.5 billion, situated in one of Virginia’s toniest districts, nestled between exclusive neighborhoods and the Country Club of Virginia. It is the ninth most expensive university to attend in the US – well over $40,000 a year. It’s very selective and not very diverse… And the university is home to staunch Obama ally and U.S. Senate candidate Tim Kaine, the former Richmond mayor, Virginia governor and now distinguished lecturer at UR.
Background Information:
Tim Kaine Said The Stimulus Would Create Or Save Over 3 Million Jobs. Kaine: “. . . The stimulus bill does three things, Gretchen. It has tax cuts for working Americans — those that make — their families make less than $150,000 a year so they can pay bills, put food on the table, help their kids go to college and start spending again. It has infrastructure spending — roads, bridges, alternative energy projects — that will put people to work and then build a platform for greater economic growth. And then it has an important piece of relief as we take care of rising Medicaid and unemployment rolls for Americans that have been hit so hard by 1.8 million job losses in the last three months. This is exactly what we ought to do. We’ll create or save more than 3 million jobs — 90 percent of them in the private sector.” (Fox News, “Fox And Friends,” 2/10/09)
The Obama-Kaine Economic Record: By The Numbers
| 14.0 Million: | Unemployed Americans. (Bureau of Labor Statistics, Accessed 9/2/11) |
|
7.0 Million: |
Foreclosure Filings Since Obama Took Office. (RealtyTrac, Accessed 9/6/11) |
|
6.0 Million: |
Americans Unemployed 27 Weeks Or Longer. (Bureau of Labor Statistics, Accessed 9/2/11) |
|
3.8 Million: |
Increase In The Number Of People Who Were In Poverty In 2009 Over 2008. (NPR, 9/16/10) |
|
2.4 Million: |
Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 9/2/11) |
|
1.0 Million: |
Construction Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 9/2/11) |
|
977,000: |
Americans That Have Given Up Looking For Work. (Bureau of Labor Statistics, Accessed 9/2/11) |
|
802,000: |
Manufacturing Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 9/2/11) |
|
709,303: |
Personal Bankruptcies During First Half Of 2011. (The Wall Street Journal, 7/5/11) |
|
$278,000: |
Cost Per Stimulus Job. (The Weekly Standard, 7/6/11) |
|
$10,585: |
Cost Per Employee That Federal Regulations Place On Small Businesses. (Small Business Administration, September 2010) |
|
31: |
Record Number Of Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 9/2/11) |
|
16.2%: |
Workers Unemployed Or Underemployed. (Bureau of Labor Statistics, Accessed 9/2/11) |
|
9.1%: |
Unemployment Rate. (Bureau of Labor Statistics, Accessed 9/2/11) |
|
0: |
Jobs Created In August. (Bureau of Labor Statistics, Accessed 9/2/11) |
