| America's March to Socialism: Why we're one step closer to giant missile parades |
is now available as an audio book...
VOICE: In a way Obama's standing above the country, above the world. He's sort of God.
VOICE: The Glenn Beck program presents more truth behind America's March to Socialism.
GLENN: That is the editor of Newsweek magazine saying that on MSNBC.
Well, yesterday the unemployment rate, we talked about it, told you that it shot up to 9.4, already higher than the White House economic team's worst case scenario and according to the White House estimates, if we didn't pass the stimulus package, we would never have a lower unemployment rate, okay? At least the White House now is admitting overselling the stimulus. They said worst case scenario, 8% unemployment. Quote: At the time our forecast seemed reasonable. Joe Biden's top economic advisor Jared Bernstein said, explaining the White House underestimated the scope of the recession. Now looking back it was clearly too optimistic.
Wait a minute, can we then look back at all of the other things that you've based, you know, the spending on? Opposite, my bad. Sorry, got that one wrong. Well, thankfully it wasn't a big mistake. It was just 3/4 of a trillion dollar mistake. Happens all the time. Economy has shed 1.6 million since the stimulus measure was signed in February, far overshadowing White House announcements estimating the effort has saved 150,000 jobs. You know, I just heard an expert for the White House say this morning, "Well, you can't say that the stimulus... the stimulus isn't really into effect yet." Okay, all right. So you can't tear him down because we've lost 1.6 million jobs since the stimulus passed, we can't say that it's not working because it really hasn't had a chance yet. Okay, but it's had enough of a chance to create 150,000 jobs? I'm sorry, not create. Save 150,000 jobs? I'd just like to take a moment to do the obligatory, "Imagine that George W. Bush did this" observation. Remember John McCain was obliterated for saying fundamentals of the economy are still sound. Yet here's the president of the United States as the country is losing 1.6 million jobs since he passed the world saving stimulus and he can come out with a straight face while his wife is shopping in boutiques in Paris and say that he saved 150,000 jobs. That's great, Mr. President. That's still a net loss of 1.45 million jobs even if you you know, if I give you credit for the 150,000 created I'm sorry, saved, a number that even the associated press says is so murky, it can never be verified. What a surprise, from the administration that is the pinnacle of transparency. Also remember George W. Bush's first term. He came into office, dot com bubble burst, their huge scandals with Enron shook confidence in America. Then we had the 9/11 hit. Job losses hit $2.6 million, and the press was saying that he was the worst president since Herbert Hoover. Do you remember that? Since this president has come into office, he's lost 1.6 million I'm sorry, that's not even since he's been in office. That's since the stimulus package. Bush implemented massive tax cuts despite Democratic repeatedly cheering him and cheering him on to be the worst president since Herbert Hoover. He actually ended his first term with a net gain of 119,000 jobs. Highest unemployment rate was 6.4. Do you remember the media congratulating him on that? "Job well done. He could have lost so many more jobs." No, no, no. Now back to President Obama. Media's not pulling out the Herbert Hoover references. Isn't that weird? Paul Krugman who's been slurping down the Kool Aid for a while excused the massive job losses like this, quote: Things seem to be getting worse more slowly. Wow. There seems to be reason to think that we're stabilizing. Oh, well, that's great. Paul, thank you for pointing that. It's still getting worse but not as fast. That is good news.
President Obama told people not to worry because as the president says, quote: We're now in a position to accelerate, and we're going to create 600,000 new jobs by the end of summer. Again, I'm not a Nobel Prize winning economist like Paul Krugman but even if he does create or save 600,000 new jobs, that's still a net loss of jobs. How about you stop the job loss? How about that one, Mr. President? There is some actual hope. At least people don't appear to be as stupid as the media is. Disapproval numbers on Obama's handling of the economy have jumped from 30% to 42%. That is his negative ratings on the economy. Luckily, though, he's going to get everything he wants before enough people catch on and stop him. Remember, never waste a crisis.
VOICE: If you can't get enough socialism in your life, get Glenn's new audio book, America's March to Socialism, available at fine capitalist bookstores everywhere.