FDR Had 'New Deal' — Obama Has 'Bad Deal'

Wednesday, 14 Dec 2011 01:58 PM

By Wayne Allyn Root

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President Barack Obama’s math skills leave something to be desired. As a matter of fact, based on his recent interview on the CBS TV show “60 Minutes,” Obama deserves a grade of “F” in math.

Obama, when confronted by the “60 Minutes” reporter with the reality that his economic stimulus package is a complete failure, decided to lie to the American people. He said that his stimulus had indeed worked just fine — as a matter of fact, according to Obama, it created 3 million jobs.

Let’s ignore the fact that this is a lie that would make Pinocchio blush. Let’s ignore the fact that Obama’s job-creation experience before he took residence in the White House wouldn’t qualify him to run a bodega. Let’s ignore the fact that “I created 3 million jobs” is a presidential lie destined for infamy. Let’s actually give Obama the benefit of the doubt.

First, we now know that since Obama’s stimulus started, America has actually lost about 2 million jobs. So for Obama to be telling the “technical” truth, it must be true that 3 million new jobs were created, while 5 million jobs were lost — for a net loss of 2 million jobs. Technically, Obama could be telling the truth, the kind of truth told only by lawyers.

Secondly, this awful math sounds remarkably similar to the math of leftist environmentalist politicians in Spain. Millions of “green jobs” have been created in Spain, the environmentalists claim. Yet unemployment in Spain is over 20 percent.

A recent scientific study unearthed the true reason for this disparity. It proved that for every “green job” created, 3 regular jobs in the traditional economy were lost. Gotta love the “new math” devised by Kool-Aid drinking liberals the world over, huh?

Third, let’s assume Obama is 100 percent correct in his belief that his masterful economic plan created 3 million jobs. We know that his stimulus package spent about $750 billion dollars of taxpayer money. Let’s do the simple math. Three million jobs divided into $750 billion dollars equals a cost of about $250,000 per job. Yes, I said $250,000 per job.

While FDR created the “New Deal,” President Obama has created a really “Bad Deal.” By spending $250,000 per job, this is the worst deal in taxpayer history. And that’s only if you believe 3 million jobs were actually created. They weren’t.

Here are some more common-sense questions. Wouldn’t Obama have been better off directly handing out $100,000 cash to 7.5 million Americans? Because that adds up to the same $750 billion. How about $50,000 cash handed directly to 15 million Americans? Or $25,000 cash handed directly to 30 million Americans? Or how about handing out $10,000 each to 75 million Americans?

Wouldn’t handing out checks directly to American families have pumped up the economy far faster and far more efficiently than an $800 billion stimulus?

One thing is for sure: We couldn't have done worse.

Or better yet, how about if Obama had never spent the $800 billion in the first place, but instead paid down our $1.5 trillion deficit and $100 trillion national debt (including unfunded liabilities). Wouldn’t that have been a wonderful Christmas gift for our children and grandchildren?

Instead we wasted $800 billion on nothing and added almost $1 trillion in debt to the tab for future generations. And as a “reward” for all that waste, we lost almost 2 million jobs.

No wonder our public education system is such a mess. No wonder our children are failing so badly. This new math that Obama practices is a killer.

A jobs killer.

Wayne Allyn Root is a former Libertarian vice presidential nominee. He now serves as Chairman of the Libertarian National Congressional Committee. He is the best-selling author of "The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts."




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