Friday, February 17, 2012

Virginia Senate Race 2012 - #3662 - VIDEO: Tim Kaine: "I'm Doing What the President Wants Me To Do" - George Allen, U.S. Senate (2) Chart of the Day: CBO Report an 'F' on the 2009 Stimulus Package - Hot Air

Tim Kaine: "I'm Doing What the President Wants Me To Do" -  On the eve of the third anniversary of the passage of the failed $800 billion stimulus, the George Allen for U.S. Senate Campaign today released its newest web video entitled, “I’m Doing What The President Wants Me To Do,” highlighting Tim Kaine’s loyal, unabashed support for President Obama and his agenda, which has led to an unprecedented spending binge in Washington over the last three years.  Chairman Kaine campaigned across the nation claiming the $800 billion failed stimulus would “help jumpstart the economy” as well as “create or save over 3 million jobs.” Instead, Americans have endured 36 straight months of unemployment over 8%, Washington is now borrowing $48,000 a second, and we have seen the first ever downgrade of the U.S. credit rating.  “’I'm doing what the President wants me to do,’ those are Tim Kaine’s words, not mine. On every major issue over the past several years, Chairman Kaine has been in lockstep with President Obama and out of step with Virginia families and small business owners,” said Dan Allen, Allen campaign senior advisor. “And now he’s running to be President Obama’s Senator, not Virginia’s.” 
TIM KAINE: Hello everyone, I’m Tim Kaine. PRES. OBAMA: Former Governor of Virginia and one of my greatest friends. TIM KAINE: I’m an unabashed supporter of the President.
SUPER: President Obama’s Senator. Tim Kaine. Unabashed support for the $800 billion failed stimulus. TIM KAINE: … a stimulus plan that will help jumpstart the economy … SUPER: JUMPSTART PRES. OBAMA: … a major milestone on our road to recovery. SUPER: MAJOR MILESTONE SUPER: 36 straight months. Unemployment over 8%. TIM KAINE: We’ll create or save more than 3 million jobs. PRES. OBAMA: It will save or create more than 3.5 million jobs over the next two years. SUPER: [MASTHEAD]: “Stimulus Has FAILED To Live Up To Initial Expectations” TIM KAINE: I’m doing what the President wants me to do. SUPER: “I’m doing what the President wants me to do” SUPER: We know, Tim. But what about us?

Chart of the Day: CBO Report an 'F' on 2009 Stimulus Package - Hot Air - Today we, er, celebrate the third anniversary of the 2009 stimulus package’s presidential signature. When Barack Obama applied his signature, he promised that the $800 billion authorized to his administration by a Democratic Congress would allow him to keep unemployment under 8% and revamp the American economy for long-term prosperity and solid economic growth. Yesterday, in an early anniversary present, the CBO scored the performance of the stimulus and the Obama administration on that very metric, and the first paragraph delivers the verdict clearly, emphases mine:  The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression. Moreover, the Congressional Budget Office (CBO) projects that the unemployment rate will remain above 8 percent until 2014. The official unemployment rate excludes those individuals who would like to work but have not searched for a job in the past four weeks as well as those who are working part-time but would prefer full-time work; if those people were counted among the unemployed, the unemployment rate in January 2012 would have been about 15 percent.  Compounding the problem of high unemployment, the share of unemployed people looking for work for more than six months—referred to as the long-term unemployed—topped 40 percent in December 2009 for the first time since 1948, when such data began to be collected; it has remained above that level ever since.  Read more........

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