09/15/11 Stalled Stimulus
Let us recap: When the stimulus packaged was passed by Congress , President Obama assured Americans that this huge unfunded spending proposal was necessary to keep unemployment from rising and would restore growth to the recessionary economy.
On July 11, 2009 President Obama said the stimulus package “worked as intended…” “The recovery plan was not designed to work over four months. It is designed to work over two yearsÃ¢Â€Â¦”
Unfortunately this is not how the stimulus package was sold to the American people. In his January 24th 2009 radio address the President said the purpose of the stimulus plan is “to immediately jumpstart job creation as well as long-term economic growth.”
Immediately is not two years.
In fairness to Obama, he also told the American people that “this is not just a short-term program to boost employment. It’s one that will invest in our most important priorities like energy and education; health care and a new infrastructure.”
In other words, the real purpose of the stimulus package was to substantially increase government spending using economic stimulus and job recovery as a smoke screen to sell the American people.
However, if the purpose was to substantially increase government spending, it has succeeded.