So What You’re Saying Is…Your Stimulus Was a Failure

by Libertys Army on November 12, 2009

in Economics,Uncategorized

Congressman Tom Price and the Republican Study Committee just released this article.

So What You’re Saying Is…Your Stimulus Was a Failure

As they discover the inverse relationship between a rising unemployment rate and their tanking approval ratings, Democrats are beginning to ask, “Where are the jobs?”.

“Senate Democrats will take up a new job-creation bill in the wake of the 10.2 percent unemployment rate, Majority Leader Harry Reid told his colleagues Tuesday.” (The Hill, 11/11/09)

And just this morning, the White House chimed in on a similar note.

“Under pressure from a double-digit unemployment rate, President Barack Obama will hold a jobs summit at the White House in December, a senior aide said.” (Politico, 11/12/09)

But wait…didn’t the Democrats already pass a stimulus package that was going to save or create 3-4 million jobs? Why hold a jobs summit or pass another jobs bill if their so-called stimulus worked as well as they said?

“Vice President Joe Biden delivered a rousing review of the government’s economic stimulus plan in a conversation with the nation’s governors. “In my wildest dreams, I never thought it would work this well,” he said.” (WSJ, 9/24/09)

Is it possible the Democrats’ claims of success beyond their “wildest dreams” were “wildly exaggerated”? It’s not just possible; it’s the cold, hard truth.

“While Massachusetts recipients of federal stimulus money collectively report 12,374 jobs saved or created, a Globe review shows that number is wildly exaggerated.” (Boston Globe, 11/11/09)

“Click on the computerized map of the state of Colorado on the federal government’s stimulus-spending Web page, and it displays 8,094 full-time jobs created or saved in the state. It’s a number that is inflated by at least 1,000 jobs, the result of confusing reporting requirements, inaccurate reporting and, perhaps, overreaching at some reporting agencies.” (Denver Post, 11/10/09)

This jobs summit should be a great way for the White House to take the public’s attention away from the countless news reports debunking their claims of success. President Obama’s clearly still learning on the job, but at least he’s bringing in outside help.

“The aide said a variety of business and community leaders will discuss job creation at the forum. ‘We’re shaking every tree to get every good idea,’ the aide said.” (Politico, 11/12/09)

Will they shake this tree? We’ll just have to wait and see.

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