Congressman Tom Price (R-GA) and the Republican Study Committee present to you a new video featuring President Ronald Reagan reminding us that the out-touch voices of the Democrat Party don’t speak for all Americans.

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Image by Speaker Pelosi via Flickr

While Democrats promised their 2009 stimulus would create 3.7 million jobs, the reality is far different.

To date, 2.6 million jobs - including 2.5 million private sector jobs – have been lost.  The latest data from the Department of Labor shows a total of 48 out of 50 States have lost jobs.

No wonder a Capitol Hill newspaper reported this week that such continued grim labor market data may be “the death knell for the White House’s ‘recovery summer’,” pointing to recent polling that ”found that only 41 percent of Americans approve of Obama’s handling of the economy, the lowest level of support yet recorded in the survey.”

Full report with detailed state-by-state job details

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Image by Dystopos via Flickr

Banks will get the biggest benefit from an Obama administration housing program designed to help unemployed homeowners escape foreclosure.

Housing experts expressed concern that banks, not homeowners, will be helped by the White House’s $3 billion funding infusion — $2 billion from the Treasury Department and another $1 billion from the Housing and Urban Development Department — going to those states hit hardest by the housing market crash and unemployment.

“Giving money to the banks isn’t what the government should be doing right now,” said Dean Baker, co-founder of the Center for Economic and Policy Research.
He said he’d be “very surprised” if the vast majority of those who take advantage of the program don’t eventually lose their homes.
The Hill

Brilliant. Give $50k loans with 0% interest to people who cannot even make their current mortgage payments.

What could go wrong?

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Image via Wikipedia

Democrats who reluctantly slashed a food stamp program to fund a state aid bill may have to do so again to pay for a top priority of first lady Michelle Obama.

The House will soon consider an $8 billion child nutrition bill that’s at the center of the first lady’s “Let’s Move” initiative. Before leaving for the summer recess, the Senate passed a smaller version of the legislation that is paid for by trimming the Supplemental Nutrition Assistance Program, commonly known as food stamps.

The proposed cuts would come on top of a 13.6 percent food stamp reduction in the $26 billion Medicaid and education state funding bill that President Obama signed this week.

“It’s very sad. I think it’s just illustrating what dire straits our federal government budget is in,” said Sheila Zedlewski, director of the Urban Institute’s Income and Benefits Center. “It’s unprecedented to raid one safety net program to feed another.”
The Hill

I see no reason nor logic to cut a vital program for those in need to fund the First Lady’s untested and probably unnecessary program. If you must cut, cut the pork from the so-called “stimulus” of last year. There’s more than enough there.

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The U.S. government spent itself deeper into the red last month, paying nearly $20 billion in interest on debt and an additional $9.8 billion to help unemployed Americans.

Federal spending eclipsed revenue for the 22nd straight time, the Treasury Department said Wednesday.

The $165.04 billion deficit, while a bit smaller than the $169.5 billion shortfall expected by economists polled by Dow Jones Newswires, was the second highest for the month on record. The highest was $180.68 billion in July 2009.

Full report

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