Instead we have a House full of wishy washy liberal Republicans lead by a Speaker who negotiates with himself.
And they will do nothing about this either. SF
Have you heard much about President Obama’s $787,000,000,000 economic
“stimulus” (now estimated to cost $831,000,000,000) lately? In its last report,
published in 2011, the president’s own Council of Economic Advisors
released an estimate showing that, for every $317,000 in “stimulus”
spending that had by then gone out the door, only one job had been
created or saved. Even in Washington, that’s not considered good bang
for the buck.
Moreover, that was the fifth consecutive “stimulus” report that showed this number getting progressively worse.
Alas, that was the last report we’ve seen. Never
mind that Section 1513 of the “stimulus” legislation, which Obama
spearheaded and signed into law, requires the executive branch to submit
a new report every three months. It reads:
“In consultation with the Director of the Office of
Management and Budget and the Secretary of the Treasury, the
Chairperson of the Council of Economic Advisers shall submit quarterly
reports to the Committees on Appropriations of the Senate and House of
Representatives that detail the impact of programs funded through
covered funds on employment, estimated economic growth, and other key
economic indicators.”
In other words, the Obama administration is
required by law to submit quarterly reports on the “stimulus” through
the third quarter of 2013. By now, it was supposed to have released
fourteen such reports. It has released only eight. The last one
covered the period ending in June 2011.
That’s right — 2011.
With only 58.6 percent of Americans currently employed — down 2.4 percent from the time of Obama’s first
inauguration — it’s not surprising that the Obama administration
doesn’t really want to fulfill it legal responsibilities and release
subsequent reports on its failed “stimulus.” However, it hardly seems
fair — to use one of Obama’s favorite words — that the rich and
(extremely) powerful think that they can choose whether or not to abide
by the laws they spearhead and sign, while the rest of us are forced to
obey them.
Perhaps it’s time for the rich and powerful to do
their fair share and obey the laws that they enforce against others.
And perhaps this is something that the House of Representatives might
want to look into.
