◼ Ahead of Election, Obama Stops Releasing ‘Stimulus’ Reports - Jeffrey Anderson/Weekly Standard
The $831,000,000,000 economic “stimulus” that President Obama spearheaded and signed into law requires his administration to release quarterly reports on its effects. But “the most transparent administration in the history of our country” is now four reports behind schedule and has so far not released any reports whatsoever in 2012. Its most recent quarterly report is for the quarter than ended on June 30, 2011.
◼ ...the President is legally obligated to issue quarterly reports on the “success” of his “stimulus” program through September 2013… but since both success and stimulus belong in ironic quotes when describing this trillion-dollar boondoggle, Obama quietly stopped issuing the required reports after the second quarter of 2011. - John Hayward/Human Events
“Why would the administration not want to release these reports?... Presumably because they have shown what a colossal waste of taxpayer money Obama’s ‘stimulus’ has been.” Even using Obama’s ludicrous “jobs created or saved” parameters, his own economists figured the stimulus blew $317,000 per job – and that’s borrowed money we’re still paying interest on. (If Obama gets a second term, we might be paying interest on it for eternity, because he has no intention of actually reducing the national debt, ever. Instead, he’ll take it up to $20 trillion at least.)
