Midknight Review -- new and revised: We have the Obama Facts for the Economy and the Stimulus.

This is an official chart from recovery.gov . Above the heading, "contracts, grants, loans," we learn that 53% of the total funds allocated have been spent. If you go to the Obama site, you quickly learn that 750,045 people reported hours worked during April - June. These are not "jobs created or saved." These are jobs full and part-time that employed people directly because of the Stimulus . . . nationwide. There has not been more than 850,000 jobs working during any given quarter since the Stimulus was voted into law.

The Recovery Act of 2009 distributes the $787 billion through tax benefits, contracts, grants, loans, and entitlements.

Understand that the fantasy number of 3.5 million jobs "created or saved," may be a compilation of the quarterly totals. For certain, these are not current full-time positions. No one from the Administration can produce a listing of jobs "created or saved." If the list does not exist, how can anyone know if the jobs exists.

Also, if spending has created or saved 3.5 million jobs under Obama, how many jobs were created or saved under the Bush spending?

Point of post: the jobs spending allocations have nearly come and gone. Note that the "tax benefits" monies have already been spent. Their impact on the economy was negligible.

Conclusion: as a stimulus for the economy, measured in terms of full-time jobs and an improving national economy. Our national economy is measured in Gross Domentic Product numbers or GDP. The first quarter of this year, ending with March 31, was a revised 2.7% increase over the previous quarter. The second quarter of 2010, ending June 30, was 1.7% above the first quarter of 2010 or nearly "zero" when the devaluation of the dollar is considered.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

We have the Obama Facts for the Economy and the Stimulus.

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