On breaking news from the Bureau of Labor Statistics that the unemployment rate has dropped to 7.8%…
There you have it, folks. The economy's back. The stimulus worked. The job council's programs all worked. Obamacare worked. Look at all the jobs, 114,000 new jobs created, and as I told you last December, this would happen. The unemployment rate under 8%. It's 7.9, but it doesn't matter, 7.8, 7.9, whatever's after the decimal point doesn't matter. It's the seven that matters, and the reason it does is that no incumbent president has ever been reelected with the unemployment rate over 8%. It's that simple. So they had to get the number down, and they found a way to do it.
[Mark Belling is filling in for Rush today]… On President Obama’s economic performance since he took office…
[President Obama’s] not the first President to inherit an economic downturn. For every recovery there was a downturn before it. And he came in, with a Democratic congress … a Senate and a House that allowed him to do whatever he wanted. And they did exactly what they wanted to do – they went and looted the American economy by borrowing nearly a trillion dollars and going out and creating this massive stimulus program, saying that it would create so many jobs that the economy would recover and that we would quickly pay back the amount that we borrowed, and there would be no impact at all on the budget deficit, that we would actually, if anything, help start paying down the national debt with this incredible boom that would occur because of his great stimulus… instead, nothing happened. We haven’t had any improvement in the housing market to speak of at all. We haven’t had any improvement in the jobs market at all… what he managed to do was create an enormous deficit, dig us into a huge hole, and do nothing to turn the economy around.
On the government program that spent over fifty-three million dollars of taxpayers' money to buy guns for Mexican drug lords.
Justice.gov, – web site – located, on page 96, of a report on this program – 2009, February: The Recovery Act, signed into law, allocated ten million dollars to ATF for Project Gunrunner... Stimulus money paid for this, is what has been discovered. Stimulus money paid for Fast and Furious. Ten million dollars was allocated in the Stimulus bill to buy machine guns and revolvers, and let Mexican drug lords take them across the border, back to Mexico. Stimulus money. That shovel-ready job stuff? You remember that. Right here it is, 2009, February, Recovery Act signed into law allocated ten million dollars to ATF for Project Gunrunner. 2009 June Supplemental Appropriations Act of 2009 allocated an additional six million dollars to the ATF for Project Gunrunner. Which means we can trace the money back to Obama ... You can trace the money back to the Department of Justice. They administer the program. Stimulus money. This is important because now there is a way to follow the money. This is stunning. Fast and Furious funded by the Porkulus bill. 2010, August, Emergency Border Security Supplemental Appropriations Bill of 2010, allocated thirty-seven and a half million dollars to the ATF for Project Gunrunner. Just a little over a year ago. Another thirty-seven and a half million. There’s more money from Obama’s stash. So, let’s add it up. Ten million in February 2009, six million in June of 2009 – so that’s a total of sixteen million in 2009. Then in 2010 thirty-seven and a half million. So. Fifty three and a half million dollars, spent on this program – to buy machine guns and revolvers. Fifty three and a half million dollars. All taxpayer dollars.