News from Ilario Pantano
July 8, 2011
The newest quarterly report on the stimulus from Obama’s Council of Economic Advisors released last Friday proves that the Obama Stimulus, supported by our Congressman and Ilario’s likely opponent Mike McIntyre, failed at creating jobs and stimulating the economy. And the new unemployment numbers released today by the Bureau of Labor which show that our nation’s unemployment rate rose to 9.2% in the month of June while only 18,000 new jobs were added to the economy last month .
In fact, the Council’s report shows that the only thing the “stimulus” stimulated was our nation’s skyrocketing debt. The report states that the stimulus added or saved a little under 2.4 million jobs while costing taxpayers $666 billion. That translates to about $277,500 per job! $277,500 of our tax money!
As Jeffrey Anderson writes for the Weekly Standard in a review of the report, “the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the ‘stimulus,’ and taxpayers would have come out $427 billion ahead.”
Anderson further writes that according to the Council’s report “the economy would have added or saved more jobs without the ‘stimulus’ than it has with it. In comparison to how things would otherwise have been, the ‘stimulus’ has been working in reverse over the past six months, causing the economy to shed jobs.”
Yes, you read that right. Over the last six months the Obama Stimulus strongly supported by our Congressman McIntyre has cost our economy jobs! And remember, this admission is coming from a report generated by Obama’s own Council of Economic Advisors. Imagine what an independent review of the impact of the stimulus might find!
While Obama and his stimulus have failed at adding jobs to our economy, the “stimulus” and Obama have added to one thing: our national debt. Including the $666 billion in debt created by the stimulus , our national debt has increased by nearly $5 Trillion since Obama took office to $14.5 trillion.
info@pantanoforcongress.com
Our mailing address is:
Forward this email to a friend
Showing posts with label Stimulus Failure. Show all posts
Showing posts with label Stimulus Failure. Show all posts
Friday, July 8, 2011
Monday, June 27, 2011
Pantano Report: Helping firefighters in Pender. Jobless need jobs, not another 'stimulus'!
Email not displaying correctly? View it in your browser. |
 |
Firefighters and emergency management officals in Pender County are fighting a massive wildfire this week. The fire has now burned over 21,300 acres and over 2,100 homes are considered to be in danger. And unfortunately the fire is expected to get worse. As firefighters and emergency workers struggle to fight the fire they need our prayers and they need our help.
At the request of firefighters, the Greater Hampstead Chamber of Commerce is collecting individual water bottles and gatorade. They are also collecting individually packaged non-perishable snakcs, however the most immediate need is for the water and Gatorade. Donations may be dropped off at the Hampstead Volunteer Fire Dept., Sloop Point Volunteer Fire Dept. or the Greater Hampstead Chamber of Commerce. Chamber staff will also pick up donations if needed. You can arrange for pick up or make a cash donation by calling 910-270-9642.
Americans Want Jobs Not Another Stimulus
When the stimulus passed in 2009 President Obama said that it would ensure unemployment stayed below 8%. A year ago the White House declared it the "Recovery Summer." However, the national unemployment rate has remained above 8% for the 28th straight month and here in North Caroliina it's at 9.7% and even higher in many of our counties.
This video, http://www.youtube.com/watch?v=4xMFQMbsNDI&feature=player_embedded, sums up just how bad the economy is and how the stimulus was a total failure.
The only thing the stimulus did was increase our national debt. Yet, Senators Chuch Schumer and Harry Reid are talking about the possibility of another stimulus. It's time to forget about a "stimulus" and to pass a real plan to create real jobs for Americans like the plan found here: http://www.gop.gov/indepth/jobs
info@pantanoforcongress.com>
Our mailing address is:
Subscribe to:
Comments (Atom)