Monday, May 3, 2010

Nearly Two-Thirds of Americans Say the Stimulus Isn’t Working

Nearly two-thirds of Americans do not believe the $787 billion stimulus package the president passed last year has helped create jobs, according to a new Pew Research Center poll.” As the Washington Examiner notes, “a recent survey of business economists showed they didn’t think the stimulus was creating jobs, either.” President Obama falsely claimed that virtually all economists supported his stimulus package, but this was patently untrue at the time he made this claim, when at least 200 economists publicly opposed it, and it is even more untrue now. Obama falsely claimed that the $787 billion stimulus package was needed to prevent “irreversible decline,” but the Congressional Budget Office admitted that it would actually shrink the economy “in the long run”. The stimulus package has since destroyed thousands of jobs in America’s export sector, and subsidized countless examples of government waste and corruption...more

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