In the land of Hope, Change, candy butterflies and butterscotch rainbows, this makes sense:

At a White House press conference on Thursday, President Barack Obama said the legislation he has proposed to create jobs could “grow the economy as much as 2 percent.” However, the White House estimates that the plan itself will cost $447 billion — or 2.97 percent of the 2011 GDP of $15.012 trillion that is currently projected by the federal Bureau of Economic Analysis.

Spend three percent of GDP to grow the economy two percent — brilliant! Here’s another way to look at it: Obama wants to spend a half trillion dollars to shrink the economy one percent, and probably more.

The people who came up with Obamanomics don’t exactly provide a ringing endorsement of the value of a Harvard education, do they?

And that two percent “growth” number is just Team Obama’s estimate. We know how accurate those are.

(h/t Ed Morrissey)

Comments

18 Responses to “Obamanomics at its Finest”

  1. Marshall_Will on October 7th, 2011 11:55 am

    Ah HA! ( But we'll "make it up on volume"! )

    Just like I tell clients that want to become landlords, you're effectively "buying a job". They're eccentric, lack basic social skills, punctuality isn't your strong suit ( same goes for 'math' ) and NO ONE will hire you!

    But you inherited this money AND..?

    This can only be described as "slowing the burn rate". By at least collecting 'some' rent ( however sporadic and delinquent ) this keeps them off a bar stool and stems the BLEEDING until the alligator of maint. & taxes intersects w/ the Law of Diminishing Returns.

  2. Marshall_Will on October 7th, 2011 11:58 am

    I thought Benoit painted himself into a corner that lead to walking in a run. Evidently all those trips to the mound paid off? Cliffhanger all the way.

    You guys heard of "a few -insurance- runs" btw? Great Series and good luck!

  3. Granny55 on October 7th, 2011 12:23 pm

    Every time Dick Obummer showed up on the news last night I switched the channel. I cannot tolerate or look at him with his pie hole yammering a bunch of BS. I see where 9 US Sheriff's are going to come out and demand Holder's resignation over F&F. Also, I see where Sharyl Attkison showed up on O'Reilly last night but he lacked the balls to ask her about why CBS would not answer questions about her disappearance for 48 hours after her Ingram interview???? Seemed like it was a set up to get reporters to shut up about the Dick Obummer's administration shouting/screaming match with Attkison over her "unreasonable" reporting of F&F.

  4. Granny55 on October 7th, 2011 12:29 pm

    Glad the next series starts this weekend – I cannot take another week nite game. Late again this morning with the same excuse – Tiger fever! Love our boys and can't wait for Verlander to really strut his stuff on an even bigger stage. The back to back home runs really calmed my nerves and then I almost had a heart attack in the 8th and 9th innings. Glad that series is over.

  5. Hyperfobea on October 7th, 2011 12:33 pm

    One step forward two steps back … the Obama shuffle … and the cliff is right behind you. That's progress, folks.

  6. Marshall_Will on October 7th, 2011 1:17 pm

    Had TBS on in advance and went to help Mrs. Will clean out the closet ( slightly taller than MM ) I figured, it's the 1st Inning, what can possibly 'happen'?

    ( I'll bet some bookies were on the edge of their seat too )

  7. Marshall_Will on October 7th, 2011 1:19 pm

    "I see where 9 US Sheriff's are going to come out and demand Holder's resignation over F&F."

    'Just' Holder's? I was hoping to read: "Starting with Eric Holder…"

  8. Granny55 on October 7th, 2011 1:30 pm

    And what a weekend coming up – Red Wings open the regular season tonight, Tigers have the weekend series at Texas, our 4-0 U of M Wolverines are at Northwestern and the 4-0 Lions are on Monday Night Football against the arch enemy Chicago Bears – Whew going to be exhausting!!! So much for getting any yard work done!

  9. Dexter_Alarius on October 7th, 2011 1:31 pm

    "It costs you $6 to make something that you sell for $3? Sounds great! Here's half a billion taxpayer bucks!"

    Seriously. These guys are living in an alternative universe.

  10. Marshall_Will on October 7th, 2011 1:43 pm

    One of the guys in my Guard unit scouts for the college. Knows baseball well. He picked Detroit for the AL back in May. So chill!

    Noticed one of my favorites will be taking over for Ozzie, Robin Ventura. Kind of excited. But we're Conservatives so -enough- of this light hearted banter and back to being miserable like you're supposed to!

    ( Speaking of Texas, bet Doug is nursing a hangover the SIZE of it this am! )

  11. SignPainterGuy on October 7th, 2011 2:03 pm

    By this standard, the local "worm man" was brilliant ! BRILLIANT, I say !

    He bought night crawlers for a penny apiece and sold them for $10.00 a thousand. At least he broke even ….ish !

  12. Hyperfobea on October 7th, 2011 3:42 pm

    Wish I had the genius to come up with an idear like that.

    And he doesn't seem to know that the cliff is even there. It will come from behind and suddenly he'll be gazing up at the sky (on his way down).

    (Too bad the rest of us poor schlubs are the figurative wad of cash in his back pocket.)

  13. Pasadena Phil on October 7th, 2011 3:45 pm

    These are the same geniuses who were funded by the financial architects (alchemists) who argued that subprime mortgages could be securitized into AAA-rated securities because geographical diversification eliminates all of the credit risk. So if your pool of deadbeat debtors are scattered all over the country, you could rely on all of them paying back their debts.

    No matter how you phrase that, it still doesn't make sense on a common sense level. That is why these toxic AAA investments are accompanied by 100-page prospectuses.There is no way to arrive at the AAA part.without a bunch of PHDs explaining away the obvious.

  14. Dexter_Alarius on October 7th, 2011 5:52 pm

    Usually only a limited amount of damage can be done by dull or stupid people. For creating a truly monumental disaster, you need people with high IQs.
    – Thomas Sowell

  15. Pasadena Phil on October 7th, 2011 5:58 pm

    …and computers.

  16. SignPainterGuy on October 7th, 2011 7:23 pm

    Ha ha ! My computer whiz nephew would say, "To err is human, but to really screw up, you need a computer !"

  17. Dandapani on October 7th, 2011 11:47 pm

    Underwear Gnome Theory:

    1) Spend half billion dollars.
    2) ???
    3) PROFIT

  18. SignPainterGuy on October 8th, 2011 1:21 am

    2) Pixie dust, rainbow gold and Unicorn f*rts !?

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