The $787 billion "stimulus" package approved by Democrats and signed into law by Barack Obama was supposed to create millions of new jobs. It hasn't. What went wrong? It's becoming clear that the "stimulus" package was nothing of the sort. It wasn't designed to stimulate the economy. It was intended all along as payment to the far left that got Obama elected president and gave Democrats majorities in Congress.
From an editorial in Investor's Business Daily:
"If the stimulus isn't working, perhaps it's because it was largely written by a collection of leftist interest groups called the Apollo Alliance that counts among its directors a co-founder of the Weather Underground."Read the full editorial at the newspaper's Web site.
From the editorial: The Labor Department reported Friday that 42 states lost more jobs than they gained in August, and that 14 plus Washington, D.C., reported unemployment rates of 10% or more.
Michigan's rate rose to 15.2%, highest in the nation. Nevada, represented by Senate Majority Leader Harry Reid, is second with 13.2%. California, home of House Speaker Nancy Pelosi, is tied for fourth with Oregon at 12.2%.
Clearly, the stimulus bill that no congressman read is not working. As it turns out, no congressman may have written it either. It's largely the creation of a coalition of leftist organizations called the Apollo Alliance, whose primary interests are saving the Earth, environmental justice and redistributing wealth. They are not friends of job-creating capitalism.
Welcome to government of the activist, by the activist and for the activist.
Originally posted at TONY PHYRILLAS