On the recordFebruary 17, 2012
This is the third anniversary of the President's nearly $1 trillion stimulus bill. But it is not an anniversary worth celebrating. Back then, the Obama administration promised the American people that the stimulus bill, if passed, would keep unemployment below 8 percent and create 3.5 million jobs. So let's look at where we are today. The unemployment rate has remained above 8 percent for a record 36 months, and our economy has lost nearly one-half million jobs since the stimulus was passed. We can't conclude anything else other than the fact that the stimulus has failed--and failed badly. It was a misuse of hard-earned taxpayer dollars, and it proves that when government tries to pick winners, many of their choices such as Solyndra, turn out to be losers and all that at the expense of the American taxpayer. By looking at the President's budget proposal that we are going to be dealing with this year for the next fiscal year, it appears the administration has not learned from its past mistakes. Despite some glimmers of hope for improvement in our economy, today millions of Americans awoke across the country without a job. This morning, millions of Americans are wondering how to make their next mortgage payment, how to pay for their medical bills, and how to fill up their gas tanks without breaking the bank. But little is being done here in Washington to address this.…





