200 days later, stimulus still isn't working

by Phyrillas | September 2, 2009 at 03:36 pm
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CNN's Cafferty asks, "Where are the jobs?"

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CNN's Cafferty asks, "Where are the jobs?"

Has it been 200 days since Barack Obama signed the centerpiece of his economic recovery plan, the $787 billion "stimulus" package passed the Democratic Congress?

How's that stimulus working out for you? No so well if you are one of the 2.2 million Americans who have lost a job since Obama signed the stimulus.

The Republican National Committee has compiled a 61-page recap of the Obama rhetoric and reality surrounding that stimulus plan.

From the report, CLAIMS VS. REALITY: Obama's Failed Economic Experiment:

It is appropriate on the 200th day of the stimulus to look back at exactly what the stimulus has accomplished. The answer is very little. What it has done, however, is give the American people a $787 billion bill they cannot afford. In this report, you will find 200 claims that President Barack Obama, Vice President Joe Biden, senior Administration officials and Congressional Democrats have made about the stimulus. None of these claims match reality.

When the stimulus passed, President Obama and Congressional Democrats promised the stimulus would be a targeted, timely and transparent effort to create jobs immediately. This compilation of 200 claims shows that promise has not been kept. Job losses continue, stimulus spending has been slow, and as even the Vice President has said, ― "we know some of this money is going to be wasted."

The Obama Administration and Pelosi-Reid Congressional Democrats have boldly declared that the stimulus is working and they have ― "rescued the economy," but facts are stubborn things. Unemployment is still high and the deficit is out of control. These are not reasons to declare victory.

I know the Kool Aid drinkers on the left will say that we have to give Obama more time, but 200 days is a long time to go down the wrong path. Eventually, we'll never find our way back unless we change direction.

Unemployment is rising, consumer confidence is lagging and the national debt is growing at astronomical rates under Obama. Are you better off today than you were six months ago?

From RNC Chairman Michael Steele:

"In the end, the stimulus is another failed experiment by the President that Americans cannot afford. Instead of creating jobs, millions are unemployed and billions have been added to our deficit. 200 days of this stimulus are 200 days too long."

You can download the full 61-page report in PDF format here.

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1
Amy Judd

Could you please place the quoted material in our highlight tool? Thanks.

0
Bob K

There's a surprise,  the republican's are saying a policy supported by Obama isn't working. Where would we be without the stimulus? Someone's drinking a little too much "tea" at their "tea parties" if you ask me.

0
Graywalker

Where did Obama claim that it would work "Overnight" ?  It took Bush 8 years to get us into this mess, you think 8 months is going to get us out?

How about these Facts :

Only a tiny portion of the 10 year plan has been paid out.  Yes, 10 year plan.  That $787 Billiion is $78.7 Billion per year over 10 years.  Only 1/3 of this year's allotment has been paid out.  Taking it slow and making sure it is right - unlike Bush's war-spending and TARP bill - makes good sense.

The Markets are moving upward. 

Economic Indicators are mostly good.

... and all you can really point out is "where are the jobs."  Again, what took 8 years to tear down is not going to be rebuilt in 8 months.  Nobody has ever said it would.  We've got a long, hard road ahead and you (in the general sense) complaining the whole time is not going to help anything.

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