Tuesday, June 16, 2009

Columnist: Obama 'stimulus' has failed

Nearly half of Americans have concluded that Barack Obama's so-called "stimulus" bill has failed to provide the promised jobs, according to recent polling.

New government unemployment numbers showing 14.5 million Americans out of work backs up that belief.

So why continue the charade of spending nearly $1 trillion on a failed plan?

That's what Donald Lambro, chief political correspondent of The Washington Times, is asking, too.

From his latest column:
There has been an enormous amount of exaggeration by the Obama administration about the number of jobs being created by the spending stimulus. But the American people seem to understand that Obama's massive spending scheme isn't performing as he said it would and that it should be stopped.

The Federal Reserve expects the recession to end sometime later this year, but the stimulus program will continue on — spending the lion's share of its funds in 2010 and on into 2011 for no legitimate reason.

We are fast approaching the point where it will be time to pull the plug on what has turned out to be a non-stimulus spending program that has done more harm than good.
Read the full column, Stimulus has failed, here.

Originally posted at TONY PHYRILLAS