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Obama’s Stimulus? Only 12 Cents Out of Every Dollar Goes to Stimulus Projects

January 28, 2009

 President Obama is poised to pull off the greatest and most expensive fraud ever perpetrated on the American people. This fraud will even dwarf the global warming swindle legislation that he will also try to pass.

 

Mine, mine, mine, all mine

Mine, mine, mine, all mine

This fraud is the labeling of the bloated, big government, welfare, spending, entitlement program as an economic stimulus package. This bill, while being called an economic stimulus package, is nothing of the sort. This package is nothing but the wet dream of Democrats and their pet programs that they have been waiting to implement for many years. They finally have a moonbat president and a large enough majority in the house and senate to pass many entitlement programs designed to subjugate the American people by rendering them dependent on government through government subsidies and welfare payoffs the like of which have never been seen. Thus ensuring that these same people vote Democrat to keep the free money coming in.

 Does this sound like an economic stimulus package to you? The Wall Street Journal has run the numbers and it turns out that only 12 cents on every dollar is going to be spent on something that can stimulate the economy.

 Add the roughly $20 billion for business tax cuts, and by our estimate only $90 billion out of $825 billion, or about 12 cents of every $1, is for something that can plausibly be considered a growth stimulus

 The rest of the money is nothing but pork barrel spending and money to be spent on liberal social programs to push the country as far left as possible in as short period of time as possible before the American people can realize what is happening. By the time the people realize what happened it will be too late.

 So where is the majority of this money going?

  • There’s $1 billion for Amtrak, the federal railroad that hasn’t turned a profit in 40 years
  • $2 billion for child-care subsidies
  • $50 million for that great engine of job creation, the National Endowment for the Arts
  • $400 million for global-warming research
  • $2.4 billion for carbon-capture demonstration projects
  • $600 million more for the federal government to buy new cars
  • $7 billion for modernizing federal buildings and facilities
  •  The Smithsonian is targeted to receive $150 million
  • $252 billion is for income-transfer payments — that is, not investments that arguably help everyone, but cash or benefits to individuals for doing nothing at all
  • $20 billion for food stamps
  •  $83 billion for the earned income credit for people who don’t pay income tax
  • $54 billion will go to federal programs that the Office of Management and Budget or the Government Accountability Office have already criticized as “ineffective”
  • $4.19 billion for “neighborhood stabilization activities” including ACORN
  • $335,000,000 FOR STD PREVENTION
  • $650 million for digital TV coupons
  • $6 billion for colleges/universities — many which have billion dollar endowments

 The list seems to grow every day as more and more details of this disastrous bill come out.This bill is being used as cover to push a far left agenda and President Obama is using the politics of fear to intimidate the voters into supporting this bill.

 The Wall Street Journal has a Rahm Emanuel quote from just last Novenmer that is quite telling:

Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before

 Now that is chilling. We can see from that quote that Barack Obama is engaging in the politics of fear.

 Never let a serious crisis go to waste? It’s an opportunity to do things that you couldn’t do before? Those words tell us where Rahm Emanuel’s and President Obama’s loyalties really lie. A crisis is nothing but an opportunity to push an agenda. And all of this is being done under the guise of stimulating the economy during an economic crisis.

 It is time for us to realize that we are being sold a bill of goods, but what we are being sold isn’t what we think we are buying.

 President Obama is poised to perpetrate the biggest and most expensive fraud in history. And there is nothing that we can do to stop it.

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4 Comments leave one →
  1. Dominique's avatar
    January 31, 2009 5:21 pm

    Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before?

    That is a very telling statement!

    Like

  2. Steve Dennis's avatar
    February 1, 2009 7:29 am

    It sums it up pretty well, doesn’t it?

    Like

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  1. Party like it’s 1994 « DaTechguy’s Blog
  2. Top Obama Economic Adviser Admits Stimulus Bill Might not Create Jobs « America’s Watchtower

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