RNC Women

What Stimulus?

April 2010

Posted by: administrator

According to the latest quarterly survey by the National Association for Business Economics, about 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $862 billion federal stimulus package signed into law by President Obama.  

Republicans said from the beginning of the stimulus debate that there was a better way to get our economy moving again quickly.  Republicans offered a package that included tax breaks for the American people and the small businesses that create jobs.  The Republican package included deficit controls to strengthen America's credit and would have reduced the red tape that slows down economic growth.  

Instead, the Democrats pushed into law a package that borrows and spends billions, but did little to spur job creation in the private sector.  While the stimulus was good for growing government, it has failed to grow our economy with unemployment remaining stagnant around 10 percent.  

President Obama pledged over and over that his stimulus package would save or create millions of jobs.  But the proof is in the pudding.  No matter how the White House tries to spin it, the private sector has rendered its verdict on the stimulus package.  It cost too much, borrowed too much, and did too little to get our economy moving again.  

 

 

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