Posted on 02/17/2014 1:27:00 PM PST by Libloather
When the $787 billion federal stimulus was signed into law exactly five years ago this Monday, the U.S. economy was losing almost 800,000 jobs per month. Now? More than 4.2 million jobs have been added since March 2009.
Also at this time five years ago, the unemployment rate was 8.3% and would climb to a high of 10.0% just months later. Now it stands at 6.6%.
But on this fifth anniversary of the stimulus – passed mostly along party lines in response to financial crisis and Great Recession – Democrats and the White House have responded so far with … silence. As of 11:00 am ET, First Read hadn’t obtained a single statement from the White House or a Democratic member of Congress marking the anniversary. (Time magazine reports the White House will issue a report later this week highlighting how the stimulus helped the economy recover.)
(Excerpt) Read more at nbcnews.com ...
I expect Nancy Pelosi will be willing to step to the plate.
As the commie ‘RATS like to say, “Just wait! In five or ten years, it will be very ‘popular’.”
Good questions. Why no celebration? Aren’t the liberals proud of Porkulus???
The 8.3, 10.0 and 6.6 rates are all lies. The true rate is much higher. 14-15% would not surprise me.
Or maybe Biden will repeat his statement of a few years ago ..?? Nothing seemed to be happening, so Obama sent out Biden to assure people that the stimulus was working .. and he said:
“The stimulus is doing exactly what it was designed to do.”
And .. we found out Biden was correct .. the stimulus was designed to pay back the unions. And, none of the things Obama promised to fix with the stimulus ever got fixed.
And .. this is also why I believe the latest “stimulus” for “climate change” .. is really designed to prop up the dems for the 2014 election.
Promises Made In His June 4, 2008 Nomination Victory Speech
CHECK ALL THAT APPLY:
- Provide care for the sick
Now what is the difference? Either let is slide silently by or orchestrate a media blitz celebration of its ringing success, unchallenged by anyone.
Call it National Debt Day.
The question is where are the Republicans?
Oh yea, their hands are dirty too.
Obama bailed out his buddies like labor unions with stimulus but before that banking and insurance got bailed out by W Bush with TARP.
Both were wrong.
Its time for the Uniparty bailout and austerity politics of both parties to stop.
The Obama-Boehner policies are raising debt ceilings, cutting a little spending here and there (military pensions) and raising taxes at the same time.
Its time to eliminate debt, not manage debt. Lets get a real conservative policy instead of a GOPe-Obama policy going in Washington.
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