Wednesday, April 28, 2010

What you won't hear from Obama during his Quincy visit

This evening President Obama will speak in Quincy, Illinois.

Among the items he won't be discussing are the 187,000 Illinois jobs lost since the $862 billion stimulus bill was signed into law. In July Senate Minority Leader Mitch McConnell labeled the boondoggle "a failure." More recently, a survey of economists conducted by the National Association for Business Economics found that a majority of them believe that the stimulus played a minimal role in the fragile recovery.

Illinois' unemployment rate was 8.7 percent when the stimulus passed, it's at 11.5 percent now--the highest in 27 years.

In January the president promised a laser-focus on jobs. Instead returned to ObamaCare, which will cost Peoria-based Caterpillar $100 million, Chicago-based energy-giant Exelon $65 million, and Moline-based John Deere $150 million.

Remember the bogus "saved or created" jobs phrase Obama bandied about? Well, even he must think the stimulus was a failure. Thirty four of those "saved or created" jobs were simply Children's Home and Aid Society of Chicago employees receiving cost-of-living adjustments.

Obama pledged that "green jobs" were our pathway to prosperity. But that promise hit a roadblock--reality. A Chicago factory touted by Vice President Joe Biden as a "poster child" for this initiative has produced few windows--or jobs.

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