Six Months Later and What Do You Get?
2.1 million jobs lost and a record $1.8 trillion budget deficit–
The Republican Study Committee released this video and statement today:
Washington, D.C. – Republican Study Committee Chairman Tom Price (R-GA) issued the following statement on the six-month anniversary of the signing of the President’s so-called stimulus bill. Since becoming law, over 2 million Americans have lost work and only 18% of Americans say that the trillion-dollar plan has helped the economy.
“Is this the immediate economic jolt Americans were promised six months ago?” said Chairman Price. “Americans envision urgent action and job creation when they think of a stimulus. Yet after 181 days of bureaucratic bungling, wasted tax dollars, and growing unemployment, the American people see clearly that the President’s spending package was anything but an economic stimulus.
“While the results are surely disappointing to all, they are anything but surprising. Government spending is the single most inefficient manner of sparking economic growth. And it didn’t have to be this way. Conservatives offered a positive, proven solution to lift us out of our troubles, yet the President and congressional Democrats demonstrated they have faith in only government to lead this economy. While jobs continue to hemorrhage and deficits pile up, the American people are ready for a new approach. The Republican Study Committee is ready to lead with concrete solutions to restore the prosperity we seek. It is our hope that the President and majority will join us in a bipartisan effort to promote a true, pro-growth plan to put Americans back to work.”
57% of Americans say the Stimulus is having no effect on the economy. Only 18% say it has done anything to help improve their personal situation.