http://townhall.com/columnists/michellemalkin/2011/10/19/the_edujobs_iii_bailout/print
One of my son’s Suzuki violin teachers had a wise twist on an old saying: “If at first you don’t succeed, try something else.” The corollary? “When you do succeed, don’t stop. Do it again.” The White House could use some remedial Suzuki lessons in economics. They’ve got everything completely bass-ackward.
In February 2009, President Obama signed the trillion-dollar American Recovery and Reinvestment Act. Nearly $115 billion was earmarked for education. The stimulator-in-chief’s crack team of Ivy League economists predicted the law would hold the jobless rate under 8.5 percent.
The actual unemployment rate in October 2009 skyrocketed to a whopping 10.2 percent.
In August 2010, President Obama went back to the well. With deep-pocketed public employee unions by his side, he lobbied hard for the so-called “EduJobs” bill — $26 billion more to bail out bankrupt states, school districts and public hospitals. Nearly half went to teachers, whose unions raked in an estimated $50 million in rank-and-file dues as a result. Obama’s economists had promised the jobless rate would be down to 7.9 percent by then.