Guess who turns 1 year old today? That’s right, Joe Biden’s Recovery Summer! Let’s recall what Biden said at the birth:
With tens of thousands of projects funded and millions of Americans on the job today thanks to the Recovery Act, it’s easy to assume its impact is behind us – but summer 2010 is actually poised to be the most active Recovery Act season yet, with tens of thousands of projects underway across the country that will help to create jobs for American workers and economic growth for businesses, large and small. With thousands of road, bridge, water and other infrastructure projects breaking ground this summer, the American people will get to see first-hand the Recovery Act dollars being put to work in their communities making long-overdue infrastructure improvements, creating new opportunities for local economic growth and supporting well-paid jobs.
And let’s not forget this prediction from Sheriff Joe:
“All in all, we’re going to be creating somewhere between 100,000 and 200,000 jobs next month, I predict,” Biden was quoted as saying, while acknowledging he “got in trouble” for a job growth prediction in March.
“Even some in the White House said ‘Hey, don’t get ahead of yourself.’ Well I’m here to tell you some time in the next couple of months we’re going to be creating between 250,000 jobs a month and 500,000 jobs a month.”
What’s not to celebrate? Well … everything, actually, as the Keynesian boost never materialized and job creation ground to a halt this year. The group American Job Creators notes the anniversary of the stillbirth of Recovery Summer with a short but pointed video reminding people of the failure of Obamanomics:
Government intervention and expansion of regulation didn’t kick-start the engine of job creation. Maybe it’s time for a new approach — or more accurately, the same approach that previously worked to start a 25-year economic expansion. You know, the policies that are Obamabomics’ exact opposite.