Research

The President likes to maintain that his stimulus plan enjoys broad support amongst economic experts. But a recent poll of economists casts doubt on that assertion. As CNN Money reports, The National Association Of Business Economics conducted its quarterly survey of its members and found that a clear majority saw no effect on employment at their companies due to the President’s stimulus binge spending.

About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act. . . That sentiment is shared for the recently passed $17.7 billion jobs bill that calls for tax breaks for businesses that hire and additional infrastructure spending. More than two-thirds of those polled believe the measure won't affect payrolls, while 30% expect it to boost hiring "moderately."

As we have shown before billions of dollars from the stimulus were wasted on union cronies and wasteful pork projects. And despite the President’s promise that government-knows-best spending would keep unemployment below 8 percent, we instead saw the unemployment rate peak above 10 percent. As the President’s falsehoods continue to catch up with him, the American people should remember the tremendous credibility gap between Obama’s rhetoric and the results of his job-killing policies.