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Obama Continues to Violate His Own ‘Stimulus’ Law by Not Releasing Quarterly Reports

Home - by - January 27, 2013 - 09:00 America/New_York - 10 Comments

The Weekly Standard

Have you heard much about President Obama’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) lately?  In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved.  Even in Washington, that’s not considered good bang for the buck.

Moreover, that was the fifth consecutive “stimulus” report that showed this number getting progressively worse.

Alas, that was the last report we’ve seen.  Never mind that Section 1513 of the “stimulus” legislation, which Obama spearheaded and signed into law, requires the executive branch to submit a new report every three months.  It reads:

“In consultation with the Director of the Office of Management and Budget and the Secretary of the Treasury, the Chairperson of the Council of Economic Advisers shall submit quarterly reports to the Committees on Appropriations of the Senate and House of Representatives that detail the impact of programs funded through covered funds on employment, estimated economic growth, and other key economic indicators.”

(The head of the Council of Economic Advisors, currently Alan Krueger, is appointed by the president, confirmed by the Senate, and works in the Executive Office of the President.  He is the president’s chief economic adviser.)

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» 10 Comments

  1. thirdtwin

    January 27th, 2013

    That is some arrogance. Obama can’t even be pothered to make some shit up and put it out there for his MSM to spin and defend.

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  2. Joe

    January 27th, 2013

    Can you impeach a president for plunder?

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  3. thirdtwin

    January 27th, 2013

    Joe, nowadays you can only impeach a President for plundering booty.

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  4. thirdtwin

    January 27th, 2013

    I forgot to add that there is still a possibility that will happen.

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  5. Dr. Tar

    January 27th, 2013

    Old / Busted National Principle – No One is above the Law

    New / Hot National Principle

    Law abiding for thee (or the Feds in flak jackets and carrying actual automatic weapons show up at your door) but not for me (The Prezy)

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  6. J Frank Parnell

    January 27th, 2013

    As long as the credit card checks & Foo Stamps flow, nothing will happen, it won’t have legs, no one will be held accountable.

    It’s over, America lost.

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  7. Pickled Liver

    January 27th, 2013

    Laws are meant to be followed by the general population only! His majesty doesn’t abide by any laws but his own! Who’s going to step up and call him on it? ……crickets?

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  8. Tim

    January 27th, 2013

    Either we retrieve it or we lose it.

    It is up to us.

    By the Grace of God.

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  9. Carlos The Jackal

    January 27th, 2013

    Laws? What difference do they make?

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  10. IMPEACH Obama

    January 27th, 2013

    Reform won’t start until conservatives practice Civil Disobedience.

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