This is why Obama needs to stay focused on gay marriage and birth control.

[Soul Crusher]

WHOOPS: Obama's Latest Ad Touts $299 Million Stimulus 'Success' Of A Company That Downsized American Jobs And Outsourced A Factory To Hungary

http://www.businessinsider.com/whoops-obamas-latest-ad-touts-299-million-stimulus-success-of-a-company-that-downsized-american-jobs-and-outsourced-a-factory-to-hungary-2012-5

Michael Brendan Dougherty|23 minutes ago|146|2
 



this is embarrassing.

One of Obama's new campaign ads features the story of Brian Slagle, an auto-worker in Ohio, who was worried that during the recession he would lose his job.
 
The Toledo Blade and ABC news report that Slagle was an employee of Johnson Controls. The ad shows him getting up early to head into a job that provides for his young family. And he's really grateful to Obama for it.
 
But should taxpayers feel the same way?
 
Johnson Controls received $299 million in taxpayer-funded stimulus dollars to make electric batteries and open up two factories in the U.S. 
 
But instead of opening two American factories, as they expected, Johnson Controls only opened one, according to a report last year from the Washington Post,  and that plant only operates at half-capacity.
 
But never fear, Johnson Controls just announced last month that they will build a second plant after all...  in Kecskemet, Hungary. That's from a story in the Milwaukee Business Journal.
 
And it gets better. Demand hasn't been what they expected so Johnson Controls  is going to layoff an unspecified number of workers at their corporate headquarters according to the Milwaukee Journal Sentinel.
 
Oh, and it was just reported earlier this month by Kevin Kistler that the battery plant where Slagle works in Springfield Township was hit with a hefty fine from OSHA for exposing employees to an unreasonable amount of lead.
 
So, to recap: Johnson controls got $299 million of taxpayer stimulus  and it resulted in 1 factory at half-capacity, outsourced jobs to Hungary, corporate downsizing, and the company is being fined for potential lead poisoning. 
 
And this is the success story he is putting in his campaign ads.
 
Here's the heartwarming ad:


Read more: http://www.businessinsider.com/whoops-obamas-latest-ad-touts-299-million-stimulus-success-of-a-company-that-downsized-american-jobs-and-outsourced-a-factory-to-hungary-2012-5#ixzz1uVJc7SVm

[Soul Crusher]

  

[Soul Crusher]

Obama: Europe should have followed U.S. economic lead
 Reuters ^ | May 10, 2012



(Reuters) - President Barack Obama said on Thursday that Europe was still in a difficult place economically in part because it did not take some of the steps the United States did.

Addressing about 70 people at a fundraiser in Seattle, Obama said Europe's troubles were among the factors that could affect U.S. growth, also mentioning high gasoline prices as a potential economic drag.

"We've still got headwinds. Europe is still ... in a difficult state, partly because they didn't take some of the decisive steps that we took early on in this recession," Obama said at the event, which was held in a private home.

"Gas prices are still pinching a lot of folks," he said, referring to the U.S. economy. The housing market is still very weak across the country. But the good news is that we have weathered the storm."


(Excerpt) Read more at reuters.com ...










    

[MM2K]

WHOOPS: Obama's Latest Ad Touts $299 Million Stimulus 'Success' Of A Company That Downsized American Jobs And Outsourced A Factory To Hungary

http://www.businessinsider.com/whoops-obamas-latest-ad-touts-299-million-stimulus-success-of-a-company-that-downsized-american-jobs-and-outsourced-a-factory-to-hungary-2012-5

Michael Brendan Dougherty|23 minutes ago|146|2
 



this is embarrassing.

One of Obama's new campaign ads features the story of Brian Slagle, an auto-worker in Ohio, who was worried that during the recession he would lose his job.
 
The Toledo Blade and ABC news report that Slagle was an employee of Johnson Controls. The ad shows him getting up early to head into a job that provides for his young family. And he's really grateful to Obama for it.
 
But should taxpayers feel the same way?
 
Johnson Controls received $299 million in taxpayer-funded stimulus dollars to make electric batteries and open up two factories in the U.S. 
 
But instead of opening two American factories, as they expected, Johnson Controls only opened one, according to a report last year from the Washington Post,  and that plant only operates at half-capacity.
 
But never fear, Johnson Controls just announced last month that they will build a second plant after all...  in Kecskemet, Hungary. That's from a story in the Milwaukee Business Journal.
 
And it gets better. Demand hasn't been what they expected so Johnson Controls  is going to layoff an unspecified number of workers at their corporate headquarters according to the Milwaukee Journal Sentinel.
 
Oh, and it was just reported earlier this month by Kevin Kistler that the battery plant where Slagle works in Springfield Township was hit with a hefty fine from OSHA for exposing employees to an unreasonable amount of lead.
 
So, to recap: Johnson controls got $299 million of taxpayer stimulus  and it resulted in 1 factory at half-capacity, outsourced jobs to Hungary, corporate downsizing, and the company is being fined for potential lead poisoning. 
 
And this is the success story he is putting in his campaign ads.
 
Here's the heartwarming ad:


Read more: http://www.businessinsider.com/whoops-obamas-latest-ad-touts-299-million-stimulus-success-of-a-company-that-downsized-american-jobs-and-outsourced-a-factory-to-hungary-2012-5#ixzz1uVJc7SVm

This story basically demonstrates why the stimulus didnt work and why stimuluses never work. In order to have a strong economy you need an efficient allocation of resources. That is what it is all about. The efficient use of the resources that make the real products and services people enjoy. People focus too much on the dollars. The dollars are just a representation of that and if they are misused they will not produce as much products and services.
Dollars went into trying to prop up a company that was never really going to do much business in the United States. It didnt matter how much money was pumped. But what is really bad is that money could have been used for other things, such as debt financing other companies tha make products people want.

[Soul Crusher]

http://www.weeklystandard.com/blogs/obama-ad-claims-have-helped-man-get-job-man-claims-employment-2006_644344.html



Ha ha ha ha! ! ! !  !


FAIL.