Obama--THE EXPERIMENT IS FAILING

FROM NATIONAL COMMITTEEMAN BRUCE ASH

THE EXPERIMENT IS FAILING

Continuing Job Losses Show "Without Reservation" Failure Of Obama's Stimulus
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OBAMA ADMINSTRATION CLAIMS ECONOMIC SUCCESS

President Obama Claims Stimulus Has Been Successful. "President Obama returned Wednesday to this economically hard-hit stretch of northern Indiana for the fourth time in 15 months, proclaiming that the government's economic stimulus program is working and has begun to switch gears from rescue to recovery."(P.J. Huffstutter, "In Indiana, Obama Declares Stimulus Is Working," The Los Angeles Times, 8/6/09)

Vice President Biden Asserts, "Without Reservation," Stimulus Working. "Vice President Joe Biden, put in charge of keeping waste and fraud out of the $787 billion economic stimulus package, declared today 'without reservation' that the recovery plan is working." (Foon Rhee, "Biden: Recovery Plan is Working," The Boston Globe, 8/4/09)

Obama's Council Of Economic Advisers Chair Argues Stimulus "Changed The Trajectory" Of Economy. "The $787-billion economic stimulus act that Congress approved in February at the urging of President Barack Obama has helped 'change the trajectory'' of the nation's economy, White House economic adviser Christina Romer said today ..." (Mark Silva, "Economic 'Trajectory' Turns: White House," The Chicago Tribune, 8/6/09)

BUT THEIR RHETORIC DOESN'T MATCH RESULTS OF THEIR EXPERIMENT

Since Obama Took Office, America Has Lost More Than 2.8 Million Jobs. (U.S. Bureau Of Labor Statistics, Website, www.bls.gov, Accessed 8/7/09)

Five States Have Unemployment Numbers 12 Percent Or Higher: Michigan, Nevada, Ohio, Rhode Island And South Carolina. (U.S. Labor of Bureau Statistics Website, www.bls.gov, Accessed 8/5/09)

Americans Remaining Unemployed For Unprecedented Periods Of Time. "[T]he rolls of the long-term unemployed are growing, with 29 percent of the jobless out of work for more than 26 weeks, the most since records began in 1948." (Matthew Benjamin And Alison Sider, "Obama Stimulus Fails To Reboot Economy As No Multiplier Effect," Bloomberg, 7/17/09)

STIMULUS MAY BE FAILING TO CREATE AMERICAN JOBS, BUT IT'S CREATING JOBS OVERSEAS

Recently Distributed Stimulus Funds Going to Foreign Corporations Creating Jobs Overseas. "Nearly half of the $2.4 billion in federal grant money awarded Wednesday to stimulate the U.S. economy and boost the production of hybrid and electric vehicles went to six companies with ties to places as far away as Russia, China, South Korea and France. ... But because so few American companies have the necessary technology, much of the money will initially go toward manufacturing electric vehicle batteries overseas." (Jerry Seper, "Obama Sends Stimulus Aid To Foreign Firms," The Washington Times, 8/6/09)

New Analysis Shows Stimulus Spending Not Going To Areas With High Unemployment, High Poverty."[A]nalysis of the most comprehensive list of stimulus spending to date found no relationship between where the money is going and unemployment and poverty ... ProPublica tested the relationship between spending per person and several socioeconomic and demographic factors across more than 3,100 counties and equivalent areas ... to see if there was a statistically significant pattern in the way money has been allocated. Nationwide, the results showed no significant relationship across countie s when spending was compared against unemployment, poverty, race and income." (Michaeil Grabell and Jennifer La Fleur, "Stimulus Spending Fails To Follow Unemployment, Poverty," The Huffington Post, 8/6/09)

SICK OF LAST EXPERIMENT, AMERICANS OPPOSING OBAMA'S NEXT ONE: GOVERNMENT-RUN HEALTH CARE

Americans Don't Approve Of Obama's Stimulus, Handling Of Economy. "The public also has concerns with the progress of the $787 billion economic stimulus that Obama signed into law in February. In the poll, 43 percent believe the legislation was a bad idea, up 16 points since January. Just 34 percent say the stimulus was a good idea." (Mark Murray, "Poll: Obama Loses Ground On Health Care," MSNBC, 7/29/09)

Plurality Of Americans Believe Obama's Economic Policies Are Failing To End Recession Or Slow Job Losses. "In another part of the poll, respondents were asked which of two statements on the economy came closer to expressing their view. The first statement: 'President Obama's economic policies help ed avert an even worse crisis and are laying the foundation for our eventual economic recovery .' The second statement: 'President Obama's economic policies have run up a record federal deficit while failing to end the recession or slow the record pace of job losses.' A plurality preferred the second statement, 48 percent to 45 percent." (Mara Liasson, "NPR Poll Finds Tough Sledding For Obama," NPR, 7/29/09)

National Public Radio Poll: 47 Percent Oppose Obama's Government-Run Health Care Experiment Vs. 42 Percent Supporting It. "When asked about the plan now moving through Congress, a plurality of 47 percent was opposed and 42 percent said they were in favor, based on what they had heard about the pla n so far." (Mara Liasson, "NPR Poll Finds Tough Sledding For Obama," NPR, 7/29/09)

· Pew Research Center: 44 Percent Oppose Obama's Plan Vs. 38 Percent Supporting It. "By a 44% to 38% margin, more Americans generally oppose than favor the health care proposals now before Congress. Opposition rises to 56% among people who say they have heard a lot about legislation to overhaul the health care system." ("Obama's Rating Slide Across The Board," Pew R esearch Center, 7/30/09)

Wall Street Journal/NBC News Poll: 42 Percent Say Obama's Plan Is "Bad Idea," Vs. 36 Percent Saying It's "Good Idea." "In mid-June, respondents were evenly divid ed when asked whether they thought Mr. Obama's health plan was a good or bad idea. In the new poll, conducted July 24-27, 42% called it a bad idea while 36% said it was a good idea." (Laura Meckler, "Support Slips For Health Plan," The Wall Street Journal, 7/30/09)

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