Obama Says Economic Stimulus Plan Worked as Intended
President Barack Obama said his $787 billion stimulus bill “has worked as intended” as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.
Obama, in his weekly Saturday radio and Web address, said the stimulus program is helping state governments save jobs. Were it not for the program, the president said, “state deficits would be nearly twice as large as they are now, resulting in tens of thousands of additional layoffs — layoffs that would affect police officers, teachers, and firefighters.”
Source: Bloomberg
The Porkulus is a train-wreck… these jobs figures are far worse than the ones the White House warned us about if we DIDN’T pass the bill- so it was passed, and then unemployment soars anyway?
Instead of creating jobs, interest rates were bumped up, the dollar slid… and it didn’t help anybody get any work. Much of this is due to the fact that Obama’s agenda has mortified almost every source of job-and-growth creation in the country.
The Dear Leader couldn’t deliver the type of “temporary, targeted, and timely” bill that he promised repeatedly. Regardless of his image in the MSM, Obama simply lacks the the political stature to control Pelosi and Reid… who hit the trough hard, while bickering like children.
And the lack of GOP co-conspirators exposed Obama politically… this legislation now looks to be a HUGE gamble. And when all this pork-n-welfare fails to generate any real economic gains, the Democrats face a bloodbath in 2010.
Well, now that Al Franken is seated, I’m sure Congress will be able to pass better laws as they won’t have to listen to Republicans anymore. Tax cuts as a universal cure - what a joke!
P.S. Reagan did it.