Did you know that in section 1513 of the American Recovery and Reinvestment Act (ARRA, or what is better known as the stimulus), there is a clause that requires the executive branch, of which "Dear Leader" Barack Hussein Obama is head, to submit a new report describing how the stimulus is doing every three months until September 30, 2013. The law states:
In consultation with the Director of the Office of Management and Budget and the Secretary of the Treasury, the Chairperson of the Council of Economic Advisers [CEA] shall submit quarterly reports to the Committees on Appropriations of the Senate and House of Representatives that detail the impact of programs funded through covered funds on employment, estimated economic growth, and other key economic indicators."
Guess when the most recent quarterly report was issued? June 2011. I don't think that's even close to being current. What happened to the four 2012 reports that CEA was supposed to issue? Could these facts, and the effect they could have had on the 2012 election, have had anything to do with the reports not being released?
- Fewer than fifty nine percent (58.6%) of Americans are currently employed; down 2.4 percent from the time of Obama's first inauguration. By the way, the Bureau of Labor Statistics (BLS) chart illustrates just how effective the "stimulus" was in terms of increasing employment. Sure, the chart shows job losses before Obama was inaugurated. But he and the CEA said that the jobs situation would rebound if only the "stimulus" was passed. As Henry Morganthau, Treasury Secretary under Franklin Delano Roosevelt (FDR), said, "We have tried spending money. We are spending more than we have ever spent before and it does not work... I say after eight years of this Administration we have just as much unemployment as when we started... And an enormous debt to boot!" Morganthau said that in May 1939, but it is quite appropriate for Obama's administration.
- Obama's own CEA said for every $317,000 in "stimulus" spending, only one job had been created or saved.
- Christina Romer, the first CEA head, said the "stimulus" legislation was needed to keep unemployment below 8 percent, and that, by 2012, the stimulus would have caused unemployment to fall below 6 percent. But, the unemployment rate surpassed 10 percent after the "stimulus" was passed. The unemployment rate stayed above 8 percent for more than three years. The BLS managed to get it under 8 percent just before the 2012 election, and the MSM ate it up.
- The most recent CEA report was the fifth consecutive "stimulus" report that showed this number getting progressively worse.
Could releasing the required reports have given the "low information" voters the information they needed in order to make an informed vote?