President Obama claims “stimulus” bill “has worked as intended”

Yet again, President Obama shows that he’ll say anything, with no regard to truth or reality. Everything is just campaign-style rhetoric. In the latest example, the president claims the $787 Billion “stimulus” bill is actually working as promised:

President Barack Obama said his $787 billion stimulus bill “has worked as intended” as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.

“It has already extended unemployment insurance and health insurance to those who have lost their jobs in this recession,” Obama, who is traveling today in Ghana, said in his weekly Saturday radio and Web address. “It has delivered $43 billion in tax relief to American working families and business.”

Obama spoke after stocks fell for a fourth week on concern that an economic recovery will be delayed. A government report last week showed that employers cut 467,000 jobs in June and the unemployment rate rose to 9.5 percent, the highest since 1983.

So apparently the real intent of the bill was simply to dole out billions of dollars to favored constituencies, regardless of any economic effect. And anybody who thought the purpose was to lower the unemployment rate and improve the economic growth rate just wasn’t paying attention. The obvious problem, of course, is this is not how the bill was sold back in February. The manure is getting piled really deep out there, and we’re only 6 months in. It’s going to be a long 4 years. God help us.

Update: The GOP has released a good video highlighting the President’s double-talk on the “stimulus.”

obama - words are cheap

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