As a companion must-read article to Tim’s column on the ObamaCare birth control mandate, John Cochrane…
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Cato on Contraception Mandate: 'We Should All be Exempt'

As a companion must-read article to Tim’s column on the ObamaCare birth control mandate, John Cochrane of Cato explains why President Barack Obama’s proposed compromise to exempt church-related institutions misses the point:

Our nation is divided on social issues. The natural compromise is simple: Birth control, abortion and other contentious practices are permitted. But those who object don't have to pay for them. The federal takeover of medicine prevents us from reaching these natural compromises and needlessly divides our society.

The critics fell for a trap. By focusing on an exemption for church-related institutions, critics effectively admit that it is right for the rest of us to be subjected to this sort of mandate. They accept the horribly misnamed Patient Protection and Affordable…[more]

February 10, 2012 • 04:52 pm

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Home Press Room President Obama’s Fictional Job Factory
President Obama’s Fictional Job Factory Print
Thursday, November 19 2009

By Sam Batkins

What’s the easiest way for the President to claim credit for jobs “created or saved” by the $787 billion federal stimulus bill?  Just make the jobs up and promote them on a taxpayer-funded website using bogus numbers and non-existent Congressional districts.

That appears to be the solution adopted by the Recovery Accountability and Transparency Board, an agency established by Congress and the Obama Administration to track the spending of stimulus dollars, on its newly revamped $18 million website, Recovery.gov. 

In fact, it didn’t take long for reporters and watchdog organizations to discover that many of the jobs the Obama Administration claims have been “created or saved” by stimulus funds thus far are not only in Congressional districts where no money has been spent, but also in districts that don’t exist, like Arizona’s 15th District, or its 86th.

Of course, Arizona only has eight Congressional districts, and barring an influx of 40 or 50 million people to the state, Arizona will not have 86 Congressional districts any time soon.  And that stimulus-inspired “thermoplastic-coated steel” picnic table in Batavia, Illinois that cost taxpayers $1,108?  Turns out it created “no new positions.”

In the nine months since passage of the American Recovery and Reinvestment Act of 2009 (aka The Stimulus Bill), the federal government has distributed more than $158 billion in stimulus funds.  The Obama Administration claims that the distribution of those funds has created or saved more than 640,000 jobs.  However, even its Recovery Board admits that “5-10% of the totals are wrong.”  And, according to an analysis performed by The Washington Examiner, at least 75,343 of those jobs are spurious. 

When the already debunked phony stimulus jobs are removed, the actual number of jobs allegedly “created or saved” hovers around 565,000.  Divided by the amount of money spent, that means U.S. taxpayers have ponied up $280,730 for each job supposedly saved or created.  That’s quite a hefty sum considering the average annual household income in the United States is $50,303.

Below are charts illustrating the point. 

 





The Obama Administration’s creative math and admitted widespread inaccuracies highlight an important deficit of the stimulus: government does not create new wealth.  It can only borrow money or tax its citizens and redistribute that money elsewhere.  As our 10.2% unemployment rate and three failed stimulus bills have demonstrated, government does a lousy job of that. 

Indeed, an equally misguided but much more efficient “stimulus” would have been for Congress and the Administration to take the full $787 billion and cut $50,000 checks to each of the 15.7 million people currently unemployed in this country. 

Then again, this is Washington, D.C. we’re talking about, where inefficiencies and flawed policies rule the day and lies about them pollute the news.


to view the pdf click here.
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"Someone needs to ask Mr. Obama how an increasingly impoverished nation, limping along on food stamps and housing subsidies, is going to pay for the existing beneficiaries, along with 77 million Baby Boomers set to retire in the next 25 years. A president who has impaired the vibrancy of the private sector so badly has long since forfeited the moral high ground."…[more]
 
 
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