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Out Of Time

- October 18, 2011

In North Carolina, Obama Pleads For More Time On The Economy, But Americans Know He’s Failed To Deliver On His Promises                                                                                           

Click To Watch Obama Plead For More Time

Obama“It’s going to take time to rebuild an economy that's built to last and built to compete.”  (President Barack Obama, Remarks At Guilford Technical Community College, Jamestown, NC, 10/18/11)

OBAMA MUST HAVE FORGOTTEN ALL OF HIS PROMISES ABOUT FIXING THE ECONOMY RIGHT AWAY

The White House Predicted Unemployment Would Not Rise Above Eight Percent With Stimulus But Since Then The Unemployment Rate Has Remained Above Eight Percent For A Post-WWII Record 32 Straight Months. (Christina Romer and Jared Bernstein, “The Job Impact Of The American Recovery And Reinvestment Plan,” 1/9/09; Bureau Of Labor Statistics, BLS.gov, Accessed 10/18/11)

President-Elect Obama Was Confident That Shovel-Ready Infrastructure Projects Would Lead The Recovery And Create Jobs Immediately. OBAMA: "Now, here's what I'm confident about, that our economic recovery plan, our 21st-century investments will create jobs immediately that would not otherwise be created. We've got shovel-ready projects all across the country that governors and mayors are pleading to fund. And the minute we can get those investments to the state level, jobs are going to be created." (President-Elect Obama, "Remarks in Chicago Announcing Energy and Environment Team," 12/15/08)

Vice President Joe Biden On February 17, 2009:  “Starting Today” The Administration Will Be Working To “Create Immediate Jobs.”  “Starting today, our administration will be working day and night to provide more aid for the unemployed, create immediate jobs, building our roads and our bridges, make long-term investments in a smarter energy grid, and so much more.” (Vice President Biden, “Remarks By The President And Vice President At Signing Of The American Recovery And Reinvestment Act,” Denver, CO, 2/17/09)

OBAMA SAID HE WOULDN’T MAKE EXCUSES IF HE DIDN’T GET THE JOB DONE

In 2009, Obama Said If “I Don’t Have This Done In Three Years, Then There’s Going To Be A One-Term Proposition.”  OBAMA: “That's exactly right. And — and, you know, a year from now I think people — are going to see that — we're starting to make some progress. But there's still going to be some pain out there. If I don't have this done in three years, then there's going to be a one-term proposition.” (NBC’s “The Today Show,” 2/2/09)

OBAMA HAS FAILED TO KEEP HIS PROMISE TO NORTH CAROLINA ON JOBS

PROMISE: The White House Predicted That The First $825 Billion Stimulus Would Save Or Create 105,000 Jobs In North Carolina. (“UPDATED: American Recovery And Reinvestment Act: State-By-State Jobs Impact,” WhiteHouse.gov, 2/13/09)

  • RESULT: Since The First Stimulus Was Passed, North Carolina Has Lost 118,200 Jobs And The Unemployment Rate Has Increased From 9.2 Percent To 10.1 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 10/14/11)
  • RESULT: Since The First Stimulus Passed, North Carolina Has Lost 38,000 Construction Jobs And 32,200 Manufacturing Jobs. (Bureau Of Labor Statistics, BLS.gov, Accessed 10/14/11)

During 2010, 33.8% Of Unemployed Workers In North Carolina Were Out Of Work For Longer Than A Year. (Sara Murray, “Long Term Unemployment By State,” The Wall Street Journal’s “Real Time Economics Blog, 7/21/11)

OBAMA SAID MILLIONS OF JOBS WOULD BE CREATED BY NOW

3,500,000 Jobs – Saved Or Created By Stimulus: In February 2009, Obama Predicted That The Stimulus Would Save Or Create 3.5 Million Jobs. “And tonight, I am grateful that this Congress delivered, and pleased to say that the American Recovery and Reinvestment Act is now law. Over the next two years, this plan will save or create 3.5 million jobs.  More than 90% of these jobs will be in the private sector – jobs rebuilding our roads and bridges; constructing wind turbines and solar panels; laying broadband and expanding mass transit.” (President Barack Obama, Address To Joint Session Of Congress, Washington, DC, 2/24/09)

Biden Predicted In “18 Months” Stimulus Will “Create 3.5 Million Jobs … Literally Drop-Kicks Us Out Of This Recession.” “This is a monumental project, but I think it's doable. But I just think we got to stay on top (inaudible) and we got to stay on top of that on a weekly basis. Because this is about getting this out and spent in 18 months to create 3.5 million jobs and do -- to set -- tee this up so the rest of the good work that's being done here literally drop-kicks us out of this recession and we begin to grow again and begin to employ people again.” (Vice President Biden, Remarks At Recovery Plan Implementation Meeting, Washington D.C., 2/25/09)

2,500,000 Jobs – Stimulus By January 2011: Obama Predicted That His Economic Recovery Plan Would Create 2.5 Million Jobs By January 2011. “I have already directed my economic team to come up with an Economic Recovery Plan that will mean 2.5 million more jobs by January of 2011 – a plan big enough to meet the challenges we face that I intend to sign soon after taking office.” (President Barack Obama, The President-Elect’s Radio Address, 11/22/08)


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