An inside look at Obama's (Billion) dollar campaign war chest!

[PHILIP SCHNEIDER]

Remember TARP?

Remember STIMULUS?

Those were just democrat legislative smoke and mirror LABELS to cover-up the real purpose for that huge Obama campaign treasure chest.

Stimulus: A Shovel-Empty Waste Of $787 Billion

May 21, 2011

On top of the other failures of President Obama’s $787 billion stimulus plan you can now add this: It didn’t even fulfill the simple promise of creating more highway jobs and improving roadways.

Shortly after getting the gargantuan program through Congress, Obama heralded the stimulus’ $28 billion in new highway money, calling it “the largest new investment in America’s infrastructure since President Eisenhower built the Interstate Highway System” and promising that it would “help states create a 21st-century infrastructure.”

Obama also said that the extra highway money would “create or save” 150,000 jobs by the end of 2010.

Well, the results are in.

A new study by economists Timothy Conley of the University of Western Ontario and Bill Dupor of Ohio State found that despite the influx of all that federal money, highway construction jobs actually plunged by nearly 70,000 between 2008 and 2010.

As the authors explain, many states simply took the free federal money and shifted their own highway funds( to meet other needs.) In fact, in some states, highway spending dropped, even with the added federal money.

 

"to meet other needs" Obama code for, I'll need a BILLION dollars to win the next election.

[Sandra]

100% correct Tony, and the corruption seems to of even gotten to the new people...

[Sandra]

One would hope the legal system would catch up with this fraudulent crook. Just imagine all the laws he and his commie crew have broken! Theft in office seems to be the way of DC and they need to be fired all of them!

[Gordon Ray Kissinger]

The lying, thieving criminal maniac needs to be arrested, charged and prosecuted!!!