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Tuesday, August 23, 2011

postheadericon The stalled economy

Let us recap: When the stimulus packaged was passed by Congress, President Obama assured Americans that this huge unfunded spending proposal was necessary to keep unemployment from rising and would restore growth to the recessionary economy. On July 11, 2009, President Obama said the stimulus package “worked as intended ... ”

“The recovery plan," he said, "was not designed to work over four months. It is designed to work over two years."

Unfortunately, this is not how the stimulus package was sold to the American people. In his Jan. 24, 2009, radio address, the president said the purpose of the stimulus plan is “to immediately  jump-start job creation as well as long-term economic growth.”

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