Obama's stimulus program was built on lies | Eastern North Carolina Now

    Publisher's Note: This article originally appeared in the Beaufort Observer.

It was not intended to fix the economy and internal documents prove it. But if they lied to us about this, what else have they lied about?

    We fully realize that there are many people who just don't like to hear someone called a liar. We don't either. But when it is the truth it is a lie not to call it what it is.

    We've said all along that the people in the Obama Administration, including the Top Man, lied to the American people about the Stimulus Program … well, about many things…but the most serious to the long-term security of our nation was the massive debt they ran up in the first few months of the Obama's presidency. Now we learn what they knew. They knew that what they were doing puts the American economy at great risk. But worse still, they knew that it would not work. They knew that it would not significantly lower unemployment and generate economic growth.

    How do we know? Well, the New Yorker magazine has obtained dozens of internal communications that prove it. Jonathan Tobin, writing in Commentary magazine says:

   James Pethokoukis has done an excellent job redacting some of the revelations that were uncovered by a piece in The New Yorker by Ryan Lizza about the first days of the Obama White House. One of the source materials for Lizza's piece was a 57-page memo by economist Lawrence Summers written in December 2008. Summers, who would soon be appointed head of the incoming president's National Economic Council, provided a fascinating blueprint for the new administration policies. Pethokoukis lists 11 main points that tell us all we need to know about the economic stimulus package that the Democrat-controlled Congress passed at Obama's behest.

    Chief among them is this: the nearly trillion-dollar expenditure package was primarily about implementing Obama's political agenda, not fixing a damaged economy.

    The Summers memo is clear evidence that much of the rhetoric put forward by the administration and allies was patent hogwash. The point of the stimulus was to keep campaign promises about making sure federal dollars flowed to pet projects, especially on the energy sector (think Solyndra), not the vaunted benefits to the economy that were promised.

    Other points gleaned from this memo is the fact that the administration knew the deficits they were piling up were dangerous and that, despite subsequent claims it should have been even bigger, those inside the White House already knew more spending was not realistic. They also knew the price tag for this boondoggle was higher than they said it was.

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    Now let's see how Obama blames Bush for this one.