Obama: "All the economists in the universe think I've created jobs!"

Barack Obama used to criticize politicians who were inside the "Washington bubble." It looks like he's become trapped inside it himself.

Here's an actual quote from Obama in Nashua, New Hampshire recently: “Now, if you hear some of the critics, they’ll say, well, the Recovery Act, I don’t know if that’s really worked, because we still have high unemployment. But what they fail to understand is that every economist, from the left and the right, has said, because of the Recovery Act, what we’ve started to see is at least a couple of million jobs that have either been created or would have been lost. The problem is, 7 million jobs were lost during the course of this recession.”

No, he wasn't kidding. Obama actually said every economist thinks his absurd stimulus boondoggle created two million jobs. This is news to the economists in Obama's own White House who predicted that 650,000 to 1.6 million jobs were created as a result of the stimulus. It's also news to economists Dan Mitchell, J.D. Foster, Peter Schiff, Larry Kudlow, and Jim Cramer. Schiff went so far as to call the stimulus an "unmitigated disaster." Meanwhile 200 other economists took out an advertisement in the New York Times opposing the stimulus.

TARP was profitable yet Obama's still blaming Bush for "inherited mess"

Barack Obama and his Dem friends have been whining for a year about the economic mess they inherited from the Bush Administration. Note: it's not like they unexpectedly inherited a hog farm from a distant relative -- they went after this job knowing full well what problems it entailed. And remember, the Democratic Congress voted for TARP. And everyone knew it was a global meltdown.

So let's look at the facts.

Consider the money that Bush & Pelosi & Reid and everyone who voted for TARP lent to U.S. banks back in 2008. The current liberal whine is that Bush sold out America by giving them free money. Total BS. When Bush loaned the $350 billion, it was with the stipulation that the executives of major banks couldn't receive bonuses until the money was paid back. And ta-da, over the next year the big banks including Citigroup, Bank of America, Wells Fargo, and many others, paid back their TARP money with interest, creating a $4 billion profit for the government that Obama could blow on pointless spending programs.

As usual, Obama did his best to make the situation worse. True to his tax-and-spend ways, he immediately blew the remaining $350 billion in the TARP fund on a financial industry "stimulus" and a further $757 billion recovery binge. Results to-date: unemployment has surged to over 10%, the economy still lags and non-interventionist countries are already out of recession.