Another blog on the disasters of the Obama Presidency, thanks to Hugh Hewitt’s book The Brief Against Obama. This time we’ll consider his failed stimulus program.
It was Obama’s first priority when he was sworn in. The cost was estimated at $767 billion, but (surprise!) it rose to $862 billion before it died. Where’s the money come from? Was it just lying around? Oh no . . . it was borrowed. Over the last three years the interest cost alone has been over $80 billion with no end in sight.
What was the purpose of the stimulus? It was going to deliver millions of jobs, remember? But the reality was this—nothing was “shovel ready,” nothing lasting was built, no lasting jobs were created, nothing helped slow our country’s downward economic spiral.
In a cynical attempt to throw the blame upon the G.O.P., Obama proposed Stimulus 2.0 that could not and would not be passed even through a Democratic-controlled Senate. It was sold as a magic pill that would have cured all problems if only the mean G.O.P. would get on board.
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