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Editor’s Note: The following report is excerpted from Jerome Corsi’s Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and senior managing director of the Financial Services Group at Gilford Securities.
President Obama’s $787 billion economic stimulus plan never was about creating jobs, “shovel-ready” or any other kind for that matter, Jerome Corsi’s Red Alert reports.
Obama supporters are now admitting that the goal of the stimulus all along was to pursue an ideological mission, to engage in “a long-term push to change the country” by promoting a far-left ideological agenda that included promoting renewable energy.
Corsi noted, “The jobs part was just an afterthought, or a public relations lie, truth be told.”
Instead of creating 3.5 million jobs, as Obama promised when the stimulus plan was first hyped from the White House, the reality is that 3 million jobs have been lost under Obama.
The admission by Obama supporters that the stimulus plan was never about job creation was made in an article written this week by journalist Michael Grunwald in Time magazine, titled “How the stimulus is changing America.”
Writing about the “fun stuff” in the American Recovery and Reinvestment Act of 2009, Grunwald noted that one-sixth of the total cost was devoted to “an all-out effort to exploit the crisis to make green energy, green building and green transportation real; launch green manufacturing industries; computerize a pen-and paper health system; promote data-driven school reforms; and ramp up the research of the future.”
Grunwald further admitted, “the Recovery Act is the most ambitious energy legislation in history, converting the Energy Department into the world’s largest venture-capital fund.”
He praised the stimulus bill for “pouring $90 billion into clean energy, including unprecedented investments in a smart grid; energy efficiency; electric cars; renewable power from the sun, wind and earth; cleaner coal; advanced biofuels; and factories to manufacture green stuff in the U.S.”
“So, the job creation was all just a sales pitch by an ideologically driven Obama White House that was afraid to tell the American people outright that the economic crisis was just being exploited to push a green agenda?” Corsi wrote. “That appears to be a large part of what Grunwald is saying.”
For more information about the Obama administration’s purported “created” or “saved” jobs, read Jerome Corsi’s Red Alert, the premium, online intelligence news source by the WND staff writer, columnist and author of the New York Times No. 1 best-seller, “The Obama Nation.“
Red Alert’s author, who received a doctorate from Harvard in political science in 1972, is the author of the No. 1 New York Times best-sellers “The Obama Nation” and (with co-author John E. O’Neill) “Unfit for Command.” He is also the author of several other books, including “America for Sale,” “The Late Great U.S.A.” and “Why Israel Can’t Wait.” In addition to serving as a senior staff reporter for WorldNetDaily, Corsi is a senior managing director in the financial-services group at Gilford Securities.
Disclosure: Gilford Securities, founded in 1979, is a full-service boutique investment firm headquartered in New York City providing an array of financial services to institutional and retail clients, from investment banking and equity research to retirement planning and wealth-management services. The views, opinions, positions or strategies expressed by the author are his alone and do not necessarily reflect Gilford Securities Incorporated’s views, opinions, positions or strategies. Gilford Securities Incorporated makes no representations as to accuracy, completeness, currentness, suitability or validity of any information expressed herein and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use.