Miscellaneous
Claim: The stimulus created jobs
Response: Almost half of the jobs supposedly "created" were filled by people who were already employed.
Hiring isn’t the same as net job creation. In our survey, just 42.1 percent of the workers hired at ARRA-receiving organizations after January 31, 2009, were unemployed at the time they were hired (Appendix C). More were hired directly from other organizations (47.3 percent of post-ARRA workers), while a handful came from school (6.5%) or from outside the labor force (4.1%)(Figure 2). Thus, there was an almost even split between “job creating” and “job switching.” This suggests just how hard it is for Keynesian job creation to work in a modern, expertise-based economy: even in a weak economy, organizations hired the employed about as often as the unemployed.
Claim: You can't criticize Obama for deficit spending because of the reckless spending under Bush.
Response: Obama will spend more in 4 years than Bush did in 8 years.
The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.
It's the most rapid increase in the debt under any U.S. president.
The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama's four-year term.
Claim: The Republican Party is dominated by special interest groups
Response: From the years 1989-2010, 14 out of the top 20 all-time donors gave overwhelmingly to Democrats.
A picture is worth a thousand words:
Response: Almost half of the jobs supposedly "created" were filled by people who were already employed.
Hiring isn’t the same as net job creation. In our survey, just 42.1 percent of the workers hired at ARRA-receiving organizations after January 31, 2009, were unemployed at the time they were hired (Appendix C). More were hired directly from other organizations (47.3 percent of post-ARRA workers), while a handful came from school (6.5%) or from outside the labor force (4.1%)(Figure 2). Thus, there was an almost even split between “job creating” and “job switching.” This suggests just how hard it is for Keynesian job creation to work in a modern, expertise-based economy: even in a weak economy, organizations hired the employed about as often as the unemployed.
Claim: You can't criticize Obama for deficit spending because of the reckless spending under Bush.
Response: Obama will spend more in 4 years than Bush did in 8 years.
The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.
It's the most rapid increase in the debt under any U.S. president.
The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama's four-year term.
Claim: The Republican Party is dominated by special interest groups
Response: From the years 1989-2010, 14 out of the top 20 all-time donors gave overwhelmingly to Democrats.
A picture is worth a thousand words:
Source: Opensecrets.org