Barack Obama's Disastrous 'Borrowing and Spending,

"Nothing is easier than blaming others for our troubles, and absolving ourselves of responsibility for our choices and our actions. Anybody can do that. Responsibility and leadership in the 21st century demands more."
Barack Obama
First United Nations Speech
September 23, 2009

 


Barack Obama has repeatedly 'Blamed' everyone else for our Economic woes and WILL NOT take responsibility for his own disastrous economic policies.

But, Barack Obama stated on July 14, 2009 that the Economy was NOW his job and his responsibility.



Barack Obama instituted his $787 billion 'Stimulus Package' February 2009 a few days after his inauguration. "One year later, it is largely thanks to the Recovery Act that a second depression is no longer a possibility," Barack Obama said, at an event marking the anniversary of the day he signed the bill last year in Denver, Colorado.

A full 40% of the $787 billion was borrowed money from China and other sources.

Barack Obama 'Promised' his 'Stimulus Package' would create 3.5 million jobs, which he quickly changed to "Saving" 3.5 million jobs. Since the 'Stimulus Package' was passed there has been job losses in 49 of the fifty States (including the District of Columbia) and unemployment has risen from 7.7% to nearly 10%.

Unemployment continues to rise and the July 2010 report showed initial claims have now risen in three of the last four weeks and are close to their high point for the year of 490,000, reached in late January. The four-week average, which smooths volatility, soared by 14,250 to 473,500, also the highest since late February.

Unemployment graph as of August, 2010, watch closely starting February 2009.



There are currently an estimated 17 million Americans without jobs.

Barack Obama's answer to this crushing unemployment problem?

Provide 'Amnesty' to at least 20 million 'Illegals' so they can take jobs from legal American Citizens and make those American Citizens with jobs pay for the 'Illegals' Health Care and the Schooling of the 'Illegals' children.