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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