The President in on his “Recovery Summer” Tour congratulating himself, everywhere he goes. Michigan has lost or dissolved 94 thousand jobs since the Recovery Act was passed. Not so sure I would be slapping myself on the back for that. Oh and by the way, each of these jobs cost you and I $500,000 a piece.. oh oh and one more thing, the money went to a South Korean company!
Henry Payne over at the The Michigan View had this to say:
In the latest stop on his “Recovery Summer” tour, rock star President Barack Obama landed in Holland, Michigan Thursday, insulted its congressman, handed American stimulus dollars to a Korean corporation, and proclaimed Obamanomics a success even as Michigan has lost 94,000 jobs since his Recovery Act was enacted.
That universe insists that government is the source of jobs, and so Obama was in Western Michigan to declare another victory in Washington’s mission to create a new green economy.
But the green economy looks like a lot of green for the well-connected. The president handed $150 million in stimulus money over to Korean CEO Peter Bahnsuk Kim of LG Chem. LG Chem is an $11 billion Korean conglomerate that hardly seems a candidate for the American Recovery Act. No wonder the program is so unpopular.
Accompanying Obama was Governor Jennifer Granholm – Obama praised her as “one of the best governors in America” even as she presides over the nation’s second highest unemployment rate – who has been complaining that Washington Republicans are denying her the $500 million in stimulus money she needs to plug Michigan’s Medicaid budget hole. So here she was in West Michigan celebrating $150 million for Corporate Korea. Huh?
Obama said his benevolence would create 300 jobs in Holland – but that’s $500,000 per job. At least it’s a bargain compared to the $ $1.25 million per job Obama spent on two solar companies in Arizona over the July 4 weekend.