Democrats Have Rescued the Economy?

“Madam Speaker, American families and small businesses are hurting. The economy has been hurting, but this morning in previewing the President’s speech tonight, our former colleague, the President’s Chief of Staff, said this: ‘[W]e rescued the economy.’

“Now, I’m sure that the 9.5 percent unemployment rate that we have in our country today and from most economic experts on its way up don’t believe that we’ve rescued the economy. The 11.1 percent unemployment rate that we have in Ohio, I’m sure those people are looking up today wondering, wait a minute, the President is going to say we rescued the economy? I don’t think so.

“Not only has the stimulus not worked and the economy not been rescued, the President continues to promote policies that will create more unemployment in America. The national energy tax that went through this House last month will cause millions of Americans to lose their jobs over the next 10 years, at 2.5 million per year. And we’re debating the health care plan, the government takeover of health care, which according to the President’s council of economic advisor’s model will cost five million more Americans their jobs.

“I don’t believe that the economy has been rescued. I yield back.”

Trust on Issues

A new Rasmussen Poll shows more Americans trust the GOP on the economy.

Voters now trust Republicans more than Democrats on six out of 10 key issues, including the top issue of the economy.

The latest Rasmussen Reports national telephone survey finds that 45% now trust the GOP more to handle economic issues, while 39% trust Democrats more.

Read the entire article here.

I guess Americans don't believe Obama's stimulus plan is working, and they don't like him running car companies, banks and insurance companies either.

3,000,000 Jobs?

Obama promised his "stimulus plan" was going to save or create 3,000,000 jobs.

Notsomuch.

Not the Change Kenosha was Hoping for

From Congressman Sensenbrenner

(emphasis added)

Washington, May 11 -

The “restructuring” of jobs at the Chrysler Kenosha Engine Plant is a prime and realistic example of why I voted against the bailout funding, the Troubled Asset Relief Program (TARP) and the other mass amounts of spending Democrats have done over the last few months in the name of “economic recovery.”

Since the spend-a-thon started, I’ve held many Town Hall Meetings. At each of these meetings I hear how the people of Wisconsin are fed-up with their hard-earned taxpayer dollars being spent on subsidizing failing corporations. In my opinion, no corporation is too big to fail.

But now, the President has added insult to injury. Despite many vocal objections, the Obama Administration approved the restructuring plan with Chrysler’s bankruptcy filing on April 30, 2009. What this means is that the 800 employees of Chrysler’s Kenosha Engine Plant will face “restructuring” (read: lose their jobs), AND they, along with their fellow Wisconsinites will be paying for their jobs to be relocated to a facility in Mexico.

Yes, you read that correctly. Chrysler is asking for an additional $8 billion from the government, on top of the $4 billion they’ve already received, to help implement their plan in Mexico, despite the proper resources already existing at the Kenosha Engine Plant.

Now, outsourcing jobs in a terrible economic market is really bad governing; but then having those workers help pay for their jobs to be outsourced through taxpayer bailout funds is a slap in the face and absolutely appalling. This is not the economic recovery Wisconsinites hoped for and expected.

Last Thursday, I sent a strongly worded letter to Treasury Secretary Tim Geithner asking him to deny future bailout funds to Chrysler if it goes forward with outsourcing American jobs to Mexico. I know others in the Wisconsin delegation continue to take similar actions with the Administration to bring about a positive resolution for the people of Wisconsin. Under no circumstances, should we be rewarding these types of action with more money. Let’s hope the Administration reaches that conclusion as well, before it’s too late.

I guess when the President says that it’s time for change – he should really talk to those 800 employees who are about to experience some real life change.

Fred on the Economy

This video has some excellent points on the economy. I supported Fred in the primary and wished his campaign would have taken off.

Click here to be taken to the video.