Obama Is Creating Millions of Jobs… Just Not in America
Posted on November 2, 2009
Cross-posted on the new foreign policy blog Bombs and Dollars.
When Obama said that his stimulation package has created 1 million jobs, did he include Chinese jobs in the calculation?
China’s manufacturing sector expanded at its fastest rate in 18 months in October, the eighth straight month of expansion, and Obama just happens to have gotten back to trying to push cap-and-trade last week.
The actual amount of new jobs stimulation has created is… Well, 2.7 million have been lost.
We should remember that Obama thought the unemployment rate would only reach 9 percent if the stimulation package didn’t pass.
Again, it’s just a question of who is going to be stimulated.
With our two trillion deficit, other nations’ currencies are being stimulated, the Euro having hit $1.50 on the dollar last month.
If we ever want to buy energy in the future–not that we will if cap-and-trade passes–we will have to convert our worthless dollar now that it’s not being used for oil trading.
All the new energy jobs that cap-and-trade is going to create? Well, China is building one clean coal plant a month.
We could probably profit off clean energy, too, having 27% of the world’s coal reserves, but Obama would rather kill jobs and bankrupt the industry (his own words) than support the clean coal alternatives he lied about supporting during the campaign.
It strikes some as odd that even in a time of great job loss, when he’s bragging about how many jobs his accountants created, that Obama would knowingly push forward with this plan to raise energy rates instead of creating jobs. He’s been reaching out to the communists in Cuba, Venezuela, and Honduras, so maybe this is his latest diplomatic efforts to a communist nation, along with refusing to meet the Dalai Lama, or maybe it’s just his concessions to China in return for them holding up our increasing debt.
Or maybe it’s part of his reward to China for winning Al Gore’s support with their CO2 reduction programs.
Gore has said, “Chinese leaders are mobilizing a national effort to introduce CO2 reduction initiatives, and have already begun the largest tree-planting program the world has ever seen.”
As has been noted, their CO2 reduction efforts involve building one coal plant a month.
As for their tree-planting efforts, only 15% have survived, and they have been counting shrubs as trees.
Counting trees like Democrats count stimulus jobs.
China’s “Great Green Wall” stimulus plan has been ongoing since 1978 and has 42 years left to go. That must be what Paul Krugman is talking about when he says the stimulus hasn’t been big enough.
All this talk about stimulus is on top of the healthcare bill the Democrats still haven’t passed. Maybe if they do it right, they can stimulate the Canadian healthcare industry, which has been losing jobs for some time to people seeking healthcare in America.
Everyone around the world loves Obama. I can see why.
» Filed Under Anti-Americanism, Anti-Capitalism, Barack Obama, Cap & Trade, China, Coal/Energy Resources, Communism, Communist Front groups, Democrats, Economy, Energy, Europe, Global Warming, Government corruption, Government malfeasance/misfeasance, Healthcare, News, Socialism, Unemployment, economic stimulus, environmentalism, liberalism, stimulus bill
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The latest version of the predicted vs. actual unemployment rate is here.
Rather, here.