How Do You Like the Stimulus Now?

I’m among the many who never liked Obama’s Stimulus package at all, but those who did like it should be having second thoughts by now.

Less than four months after the Obama administration argued that unemployment would top 9 percent only if Congress failed to pass a massive trillion-dollar “stimulus” spending bill, the Labor Department reported Friday that the jobless rate had soared to 9.4 percent, the highest in 25 years.

In pushing to get his $787 billion stimulus package passed in Congress, President Obama’s economic team said that without the federal spending jolt, the unemployment rate would hit 8.8 percent by the last fiscal quarter of 2010. With the package, his advisers argued, the unemployment rate would reach only 7 percent. 

Republicans quickly seized on the new jobless figures to charge the Obama administration with “hanging middle-class Americans out to dry.”

“More than 2.5 million Americans have lost their jobs this year and what have the Democrats in charge of Washington given them? A trillion-dollar ‘stimulus’ that isn’t producing jobs immediately, as the administration promised and the Vice President Biden admits is ripping off the American people,” Minority Leader John Boehner said in a statement. 

“Another $400 billion spending bill loaded with 9,000 unscrutinized earmarks. And bailouts that reward irresponsible behavior and bad business decisions.

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If you did not already know that nothing good comes from government predicting dire consequences if “bold” action is not taken immediately, let this be a lesson to you.

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2 Comments on “How Do You Like the Stimulus Now?”

  1. bailoutinsanity Says:

    Oboma is confused as bitch in a pack of male dogs when it comes to handling the economy and is exactly backward on the bailout. Take it from someone who has 40 years xperience of bailing myself out. Nothing is too big to fail!

  2. ethanbruce Says:

    As a grandfather of four, I’m terrified as to what kind of future they will face if this is not corrected IMMEDIATELY. How can even those who are in love with Obama not see how his policies are destroying this country? This is surreal.

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