John Spratt: “I think it is a bit irresponsible to at least articulate to the American people, to the Congress, why you think we need…”

When President Obama was sworn into office at the beginning of this year, the economy was in deep contraction and jobs were being lost at a rate of 741,000 per month.

Shouldn't we stop creating new programs, now agencies, new commissions and new discretionary spending?

The positive impact of the Recovery Act is already being made apparent, and more economic activity will be generated as stimulus dollars continue to spend out.

Failed Republican economic policies had brought the financial system dangerously close to a complete meltdown and had driven the economy into its deepest recession since the 1930s.