Ultraliberal activist Robert Borosage has posted something at the Huffington Post that essentially says that the Democrats didn’t throw away enough of your money:

President Obama is sensibly focused on jobs, unveiling a new initiative yesterday in the wake of the jobs summit. Elements included everything from new infrastructure spending to “cash for caulkers,” tax breaks for weatherizing homes, as well as aid to cities, states and the unemployed. The president suggested that the $200 billion recouped from the banks in the TARP program could be used to both to reduce the deficit and help finance the initiative.

I’m not buying that President Obama is focused on jobs. I don’t believe it because he’s doing a repeat of the failed stimulus bill. How will aid to cities and states and the unemployed create jobs? I’d suggest that continuing to spend irresponsibly is why people give President Obama a failing grade on the economy:

A new Rasmussen Reports national telephone survey finds that 39% believe the president is doing a good or excellent job on the economy following the announcement last week that unemployment in October rose to 10.2 percent, the highest level in 26 years.

With only 2 in 5 voters giving President Obama a passing grade, Democrats should be worried. This information should scare President Obama:

The partisan divide on the question, as is often the case, is startling. Seventy-two percent (72%) of Democrats say the president’s handling of the economy is good or excellent. Only 10% of Republicans and 27% of voters not affiliated with either party agree.

If, a year from now, only 1 in 4 independents thinks that President Obama is doing a good job with the economy, Democrats will have a disastrous day the first Tuesday next November.

President Obama must know that people are rejecting his policies because he had a temper tantrum over the economy today:

President Barack Obama challenged congressional Republicans to back up their criticism of his economic recovery plans with academic expertise, House Minority Whip Eric Cantor (R-Va.) told reporters Wednesday.

Speaking at the White House following the president’s morning discussion on job creation with bipartisan congressional leaders, Cantor said Obama defended his agenda against criticism that it was too expensive.

“He challenged us to bring in economists to make the case that we ought not be spending right now,” said Cantor, who characterized the talks as “cordial” and “more in-depth than usual.”

But, the Virginia Republican added: “We can’t keep spending money we don’t have.”

While I don’t think it’s particularly difficult to find economists who disagree with President Obama’s stimulus plans, I was struck by the fact that President Obama didn’t tell Republicans to find businessmen who are critical of his economic policies. I’ll guarantee that you could find dozens of small business owners within an hour who’d disagree with President Obama’s, and the congressional Democrats’, policies. Given half a day, I suspect you could find enough disenchanted or angry small business owners to fill Madison Square Garden.

I’d further add that, had I been in the room when President Obama challenged Rep. Cantor to “bring in economists to make the case that we ought not be spending right now”, I would’ve replied that PRESIDENT OBAMA said that we don’t have any money left. I then would’ve mentioned that the Chinese have repeatedly lectured his administration to stop spending, reading Timothy Geithner and Hillary Clinton the riot act about this administration’s spending.

Cantor brought to the White House a copy of the House Republicans’ “No-Cost Jobs Plan,” which includes proposals such as a domestic discretionary spending freeze and halting new regulations on business.

Rep. Mike Pence (R-Ind.), the third-ranking House Republican, went after the administration more sharply in his post-meeting remarks. “It’s clear this administration doesn’t get it,” he said. “It’s time for new ideas.”

I posted about President Obama’s irresponsible spending habits way back when they were debating the first stimulus bill. At the time, Republicans accused the Obama administration and congressional Democrats that the legislation being discussed was nothing more than a spending bill. Here’s President Obama’s reaction:

“So then you get the argument, well, this is not a stimulus bill, this is a spending bill. What do you think a stimulus is? (Laughter and applause.) That’s the whole point. No seriously. (Laughter.) That’s the point. (Applause.)”

Mr. President, it’s obvious that the first stimulus bill failed. While I’m certain that plenty of public union employees liked it, I’m equally certain that a majority of entrepreneurs aren’t impressed with your policies. I’m certain, too, that the majority of the unemployed aren’t impressed with your policies. Dumping fistfuls of freshly printed cash into the economy isn’t what’s needed to stimulate this economy.

Giving entrepreneurs a consistent, long-lasting incentive to put their money at risk would help immensely. Cutting wasteful spending, which is what most of the spending President Obama has proposed is, would improve entrpreneurial confidence, too, since this type of spending leads to two things. Either President Obama’s spending will result in huge deficits and high inflation or it’ll lead to gigantic job-killing tax increases.

It’s hurting President Obama to preach tax cuts on Monday, then talk about health care the next day. People know enough about the health care bills to know that it’s filled with major tax increases.

The EPA threatening the economy with excessive regulation of CO2 won’t strengthen the economy or create jobs, either. The EPA’s threats against the U.S. economy gives further ammunition to President Obama’s critics that he’s more interested in pursuing a radical ideological agenda that he’s interested in pursuing a pro-growth economic agenda.

Whether the stimulus bill is large like the first stimulus or whether it’s small, by comparison, like this one, there’s just one reality: Following the same pattern as the failed stimulus of February won’t create jobs. It’ll only funnel more money into the Democrats’ allies’ wallets.

That won’t help create jobs. It’ll only help bankrupt the country.

Technorati: Economy, Stimulus, Jobs Bill, President Obama, Spending, Deficits, Tax Increases, Inflation, Unemployment, Health Care, National Energy Tax, EPA, Democrats, Eric Cantor, Fiscal Restraint, Conservatism

Cross-posted at California Conservative