The nearly 1 trillion dollar stimulus package that had to be passed immediately back when Obama took office was supposed to fix the economy and create jobs. Obama told us that unemployment would go way up without the stimulus but would top out at under 9% with it. We have an unemployment rate of 10% and this is an indication that either the stimulus did not work, they lied to us, or they did not know what they were talking about. I think it is a little of each.
Only about 20% of the stimulus money has been spent. It was supposed to be spent on “shovel ready” projects that would create jobs but no jobs are being created and it is obvious that the stimulus did not work. So what do you think Democrats do when their massive spending does not work? Why, they spend more. The Democrats in the House passed a 155 billion dollar jobs bill designed to go toward “shovel ready” projects and create jobs.
Forgive me, but wasn’t the first stimulus supposed to create jobs and be for “shovel ready” projects? If it did not work, why spend more money for the same thing? Since only 20% of the original stimulus has been spent, why commit more money? Shouldn’t they spend all the original stimulus before committing more money?
This is a sign that the first stimulus was a failure. It is an admission from Democrats that the massive spending did not help. Instead of being smart and realizing that more of the same was bad, they spent anyway.
The bill was touted as a job creator but it is political ploy. The Democrats are trying to show that they are on top of things by throwing more money at the problem. They are foolishly demonstrating that they have no concept of fiscal responsibility (which is their pattern) and they are doing so at their own peril.
Do they actually think Americans are so stupid we will not be able to see they are throwing good money after bad and that they are doing more of what has proven to be ineffective? Can’t they see the stupidity of committing more money to this when 80% of the original money has NOT been spent?
This is absolute stupidity and will end up costing them in the long run.
It will end up costing all of us in the long run…
Source:
al-Reuters
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