Wasn’t The Porkulus Supposed to Fix This: June Jobs Swoon: America’s labor market depression continues

And then there is this … 13,000 pages of new regulations so far, and counting. Do you have any idea how anyone can keep track of all this crap. Simple, they don’t, they expect you to figure it out.

The Happy Donk

Do you remember what Porkulus was supposed to do, according to liberals. Like all make work liberal crap what it did do was exactly nothing. A few years ago, back in 2009, when President Obama magnanimously promised us that — if we passed his stimulus — we would now at this very moment be sittin’ pretty with an approximate 5.6% unemployment rate?

Huh. Hasn’t quite worked out according to his grandiose plans, has it?

What Obama did was drive up regulations of businesses to the point they no ;onger see any opportunity to expand. Complying with the new regulations has been about all they can take.

Here is what it looks like on one graph:

Above … That was the liberals predictions, compliments of our friend … James Pethokoukis.

He writes:

This was not the employment report either the American worker or the Obama campaign wanted to see right now. The Labor Department said the U.S. economy created just 80,000 jobs in June, less than the 90,000 economists had been forecasting. And private-sector job growth was just 84,000, down sharply from 105,000 in May. Not doing fine.

The unemployment rate stayed at a lofty 8.2%.

As a research note from RDQ economics put it: “The good news is that employment growth is not slowing further but there is no sign of it picking up either.  At this pace, job creation is not fast enough to lower the unemployment rate with the labor force growing at close to 150,000 per month on average.”  Shorter: Stagnation Nation

This continues to be the longest streak — 41 months — of unemployment of 8% or higher since the Great Depression. And recall that back in 2009, Team Obama predicted that if Congress passed its $800 billion stimulus plan, the unemployment rate would be around 5.6% today.

This chart should make you swoon too, see the problem with our collasped economy. Obama’s plan has worked:

Chart is aligned for June 2012, so it’s current as of today’s numbers

It will take 5-10 years to fix our economy. That’s how bad it really is.

Where Did The Money Go: 1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus

Twenty-eight months after Congress passed President Obama’s signature economic stimulus law, and nearly one year after he declared the summer of 2010 to be “Recovery Summer,” 1.9 million fewer people are employed.

In February 2009, the Bureau of Labor Statistics (BLS) reported that 141.7 million people were employed. By the end of May 2011 – the last month for which data are available – that number had fallen to 139.8 million, a difference of 1.9 million.

While the number of people with jobs has increased slightly from its low point during the recession – 137.9 million in December 2009 – those 1.9 million jobs have been lost despite $800 billion in stimulus spending.

CNSNews.com

Obammunism: The Unstimulated Obama Economy

Let’s start off with the truth. The porkulus trillion was to stimulate any thing but the BIG government welfare state. The rest of the entitlement thinking came from Obammunism, and stealing the people’s money.Which worked fine.

Heritage Reports:

Newsflash from The New York Times: President Barack Obama’s stimulus did not work. No, theTimes doesn’t say that in so many words, but in an op-ed this morning, the paper laments the sputtering economy and the fact that Washington just isn’t doing enough to help the economy grow. The problem, of course, is that Washington has done too much of the wrong things to get the economy moving again.

The economic news that’s really sticking in the Old Gray Lady’s craw is revised data released last week that shows the economy’s growth stuck at 1.8 percent, slow consumer spending, stagnant wages, higher prices for gas and food, the poor housing market, flagging consumer confidence and a recent Labor Department report showing a higher-than-expected rise in claims for jobless benefits.

The Times complains:

The grim numbers tell an unavoidable truth: The economy is not growing nearly fast enough to dent unemployment. Unfortunately, no one in Washington is pushing policies to promote stronger growth now.

Tax Cheats Get $24 Billion In Stimulus Funds

Companies, contractors and other interest groups. In other words, an Obama money laundering scheme to rebuild the Democrat party.

At least 3,700 recipients of federal stimulus funds worth more than $24 billion owe the government upwards of $750 million in unpaid federal taxes, a report from the Government Accountability Office found.

Nearly 5% of the 80,000 contractors and other companies that received funds from the stimulus package the government passed in February 2009 have unpaid taxes totaling at least $750 million, GAO said in a report requested by Senators Tom Coburn (R. Okla.), Carl Levin (D. Mich.), Charles Grassley (R., Iowa), Max Baucus (D., Mont.) and Orrin Hatch (R., Utah) for release at a Tuesday hearing of the Senate Permanent Subcommittee on Investigations.

Among 15 examples highlighted in the report, a construction company that received more than $1 million in stimulus funds did not pay around $757,000 to the Internal Revenue Service, largely through payroll taxes withheld from employees but never sent to the government. At the same time, its chief executive had “hundreds of thousands of dollars in casino transactions,” according to the report.

More here:

Experts: Wave of Layoffs to Hit Cash Strapped States, Cities

This is big news? When the economy sinks, States are finding their tax revenues likewise sink. What a discovery, something only a progressive would be astounded by. It’s a self contained short lesson in Socialism. Remember porkulus? Sure you do, that giant boondoggle of pork for everyone … The main course was to bail out the States, in particular the teachers unions, so they wouldn’t have to layoff union workers. But then the porkulus money runs out.

I am sure the massive State layoffs coming won’t effect the unemployment rate, right everyone?

The budget woes of state and local governments will force them to slash workers and hike taxes, experts say.

Self Destruction: Happy Anniversary Porkulus Boondoggle

Porkulus at year one … WOW, this was quick … Stimulus EPIC fail, global warming exposed as just LIES, deficits and debt being exploded at rates never seen before, all in the name of a phony crisis. And then there were all those elections.

The real crisis is one of leadership.

The videos just make themselves.

Obama, Epic FAIL

Just 6% of Americans believe the $787 “porkulus slush fund” boondoggle created or saved any jobs according to a recent New York Times/CBS poll.

Only 11% Say Economic Position Improved Since Obama Porkulus Passed

Don Surber brakes down the latest PPP economic polling report.

If you want a prism into why Democrats are struggling so much right now, this may sum it up: only 11% of voters across the country say that their economic situation has improved over the last year compared to 42% who think it has become worse. 47% say it’s about the same as it was.

Not very good if you plan on telling people how much better the Democrats have made things for America. Sure didn’t get our money’s worth with this crap porkulus Democrat re-election bill.

More Stimulus? Analysis Finds Funds for Roads, Bridges Has Had No Impact

You mean moving money from one pocket to the other doesn’t make you richer?

President Obama’s top economist gave administration support for a new $75 billion stimulus plan that passed the House last month, but a new analysis shows the government has stimulated little in the past year through one of its most vaunted programs — road construction.

Since unemployment among construction workers is now pushing 23%, according to the latest BLS estimates, so I guess shovel ready doesn’t do anything for job creation or even saved jobs.

Stimulus Hits A Pothole

Don’t worry, your health care will be fine ….

The other day, wending my way from Woodsville, N.H., 40 miles south to Plymouth, I came across several “stimulus” projects – every few miles, and heralded by a two-tone sign, a hitherto rare sight on Granite State highways. The orange strip at the top said “PUTTING AMERICA BACK TO WORK” with a silhouette of a man with a shovel, and the green part underneath informed you that what you were about to see was a “PROJECT FUNDED BY THE AMERICAN RECOVERY AND REINVESTMENT ACT.” There then followed a few yards of desolate, abandoned scarified pavement, followed by an “END OF ROAD WORKS” sign, until the next “stimulus” project a couple of bends down a quiet rural blacktop.

I don’t know why one of the least fiscally debauched states in the Union needs funds from “the American Recovery and Reinvestment Act” to repair random stretches of highway, especially stretches that were perfectly fine until someone came along to dig them up in order to access “stimulus” funding. I would have asked one of those men with a shovel, as depicted on the sign. But there were none to be found. Usually in New Hampshire, they dig up the road, regrade or repave it, while the flagmen stand guard until it’s all done. But here a certain federal torpor seemed to hang in the eerie silence.

Read the rest of this funny Steyn article here: