[From article]
I’ll give POTUS credit: He can lay it on thicker than a John Deere manure spreader.
Let’s talk “massive investments,” shall we?
In 2009, Obama and the Democrats rammed the $840 billion federal stimulus package through Capitol Hill under the guise of immediate job creation and economic recovery. An estimated $64 billion went to public school districts; another nearly $50 billion went for other education spending. This included $13 billion for low-income public school kids; $4.1 billion for Head Start and childcare services; $650 million for educational technology; $200 million for working college students; and $70 million for homeless children.
How’s that all working out? Last week, economists from the St. Louis Federal Reserve surveyed more than 6,700 education stimulus recipients and concluded that for every $1 million of stimulus grants to a district, a measly 1.5 jobs were created. “Moreover, all of this increase came in the form of nonteaching staff,” the report found, and the “jobs effect was also not statistically different from zero.”
[. . .]
In 2010, President Obama signed the so-called Edujobs bill into law — a $26 billion political wealth redistribution scheme paying back Big Labor for funding Democratic congressional campaigns. A year later, several were spending on the money to plug budget shortfalls instead of hiring teachers. Other recipients received billions despite having full educational payrolls and not knowing what to do with the big bucks.
[. . .]
The “social innovation” slush fund was intended to “create new knowledge about how to solve social challenges in the areas of economic opportunity, youth development and school support, and healthy futures, and to improve our nation’s problem-solving infrastructure in low-income communities.” The biggest beneficiaries? Obama’s progressive cronies.
Apparently, the richly funded “social innovators” haven’t reached the looter-prone neighborhoods of Baltimore yet. But it’s not ideologically bankrupt Obama’s fault. It’s ours.
http://michellemalkin.com/2015/04/28/debunking-obamas-bilious-baltimore-babble/
Debunking Obama’s bilious Baltimore babble
By Michelle Malkin
April 28, 2015 10:12 PM
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