Judge Jeanine rips the Obama administration a new one!
Hat Tip: Barking Moonbat Early Warning System
Surely there are less expensive ways to learn that “shovel-ready projects” are a myth.
Back in early 2009, President-elect Barack Obama was asked on Meet the Press how quickly he could create jobs. Oh, very fast, he said. He’d already consulted with a gaggle of governors, and “all of them have projects that are shovel-ready.” When Obama revealed the members of his energy team, he explained that they were part of his effort to get started on “shovel-ready projects all across the country.” When he unveiled his education secretary, he assured everyone that he was going to get started “helping states and local governments with shovel-ready projects.”
In interviews, job summits, and press conferences, it was shovel-ready this, shovel-ready that. Search the White House website for the term “shovel-ready” and you’ll drown in press releases about all the shovels ready to shove shovel-ready projects into the 21st century, where no shovel is left behind.
Only now it turns out that the president was shoveling something all right when he was talking about shovel-ready jobs — a whole pile of steaming something.
In the current issue of The New York Times Magazine, Obama admits that there’s “no such thing as shovel-ready” when it comes to public works.
It’s not that Obama was lying when he said all that stuff. It’s just that he didn’t know what he was talking about. All it took was nearly a trillion dollars in stimulus money and 20-plus months of on-the-job training for him to discover that he was talking nonsense.
Moonbattery did find a shovel ready job that The Anointed Won created:
I’ve been saying it all along, you can’t control mother nature. Now learn from your new found intelligence Precedent Obama, and stop this “Man-Made Climate Change” crap.
H/T Gateway Pundit
Filed under: Al Gore, Global Warming Cult, Global Warming Lies, Mother Nature, News and Politics, Obama | Tagged: Al Gore, chile earthquake, Global Warming Cult, Global Warming Lies, Obama | Leave a Comment »
Yes, I know there’s a big uproar over a few scribbled words on Sarah’s hand. But ferchrissakes people, a couple of words on a hand to remind you of a topic hardly stands up to what our “dear leader” does with his teleprompter.
Anyway, there is proof that Barack Hussein Obama uses the same system.
Sarah’s palm pilot.
And the message on BHO’s hand…
Yeah, who has the brains?
h/t bonz @ GCP
If you traded in a clunker worth $3500, you get $4500 off for an apparent “savings” of $1000.
However, you have to pay taxes on the $4500 come April 15th (something that no auto dealer will tell you). If you are in the 30% tax bracket, you will pay $1350 on that $4500.
So, rather than save $1000, you actually pay an extra $350 to the feds. In addition, you traded in a car that was most likely paid for. Now you have 4 or 5 years of payments on a car that you did not need, that was costing you less to run than the payments that you will now be making.
But wait; it gets even better: you also got ripped off by the dealer.
For example, every dealer here in LA was selling the Ford Focus with all the goodies, including A/C, auto transmission, power windows, etc for $12,500 the month before the “cash for clunkers” program started.
When “cash for clunkers” came along, they stopped discounting them and instead sold them at the list price of $15,500. So, you paid $3000 more than you would have the month before.. (Honda, Toyota , and Kia played the same list price game that Ford and Chevy did).
So let’s do the final tally here:
You traded in a car worth: $3500
You got a discount of: $4500
Net so far +$1000
But you have to pay: $1350 in taxes on the $4500
Net so far: -$350
And you paid: $3000 more than the car was selling for the month before
We could also add in the additional taxes (sales tax, state tax, etc.) on the extra $3000 that you paid for the car, along with the 5 years of interest on the car loan, but let’s just stop here.
So who actually made out on the deal? The feds collected taxes on the car along with taxes on the $4500 they “gave” you. The car dealers made an extra $3000 or more on every car they sold along with the kickbacks from the manufacturers and the loan companies. The manufacturers got to dump lots of cars they could not give away the month before. And the poor, stupid consumer got saddled with even more debt that they cannot afford.
Obama and his band of merry men convinced Joe consumer that he was getting $4500 in “free” money from the “government” when in fact, Joe was giving away his $3500 car and paying an additional $3350 for the privilege.
Think this was stupid for those who were crazy enough to swallow this wonderful scheme?
Just wait until we get health care with no additional costs over what most of us now pay for health insurance and the best medical care in the world. Think that scheme might be designed by the same people who came up with Cash for Clunkers?
H/T nbpundit @ GCP