Obama's stimulus fail...again
Remember when President Barack Obama (D) castigated corporations for (what he believed to be) excessive spending on conferences and conventions in Las Vegas, thereby accelerating job losses in the city's one crop tourist economy?
Well, it appears he did it again as Glenn Reynolds of Instapundit sums up.
HOW'S THAT HOPEY-CHANGEY STUFF WORKIN' OUT FOR YA? (CONT'D): 205 to lose jobs after Piper decides to mothball Altaire jet program.
So Obama bashes private jets, private jet sales then plummet, now a bunch of jet-making workers lose their jobs. Hope and change!
But no problem, Obama's budget breaking, debt increasing stimulus jobs program (for Democrats only), which he will undemocratically try to put into place via executive order thus bypassing Congress' objections, will create new jobs at $millions per shovel ready job that wasn't shovel ready.
So, asked the riddler, how many jobs will be lost and non created because of Obama's job creation bill? How long can the country take steadily increasing, long term unemployment with a guaranteed non jobs creation job creation bill that merely creates deep debt?