Two stories reported today confirm what many have said about the Obama administration not being interested in economic recovery, or perhaps may be intentionally harming the economy as I explain in an earlier post.

Obama Administration’s Actions in Auto Bailout Added to Unemployment, Audit Says

“At a time when the country was experiencing the worst economic downturn in generations and the government was asking its taxpayers to support a $787 billion stimulus package designed primarily to preserve jobs, Treasury made a series of decisions that may have substantially contributed to the accelerated shuttering of thousands of small businesses and thereby potentially adding tens of thousands of workers to the already lengthy unemployment rolls - all based on a theory and without sufficient consideration of the decisions’ broader economic impact,” the audit by SIGTARP Neil Barofsky stated.

And this one about the “The American Power Act of 2010″

New Analysis of Kerry-Lieberman Climate Bill Shows Grim Outlook for U.S. Economy

With economy and jobs ranking as top priority for U.S. voters looking forward to November midterm elections, the American Council for Capital Formation (ACCF) and the Small Business and Entrepreneurship Council (SBE Council) today unveiled a comprehensive study, which shows the harmful ways that a major policy initiative being debated in the Congress — the Kerry-Lieberman cap-and-trade bill — would hamper rather than help America’s economic recovery. In 2030, compared to the ACCF/SBE Council baseline forecast, the American Power Act would trigger;

• Cumulative loss in U.S. GDP up to $2.1 trillion;
• As many as 1.9 million jobs lost
• Residential electricity price increases up to 42 percent and
• Gasoline price increases (per gallon) up 18 percent

Cap and trade is also known as the “Climate” Bill, although it will have a negligible impact (essentially none) on the environment but will severely hurt the economy. So if all these bills and government spending are not helping, and in fact hurting, then why are they doing it? Click HERE for a possible reason.