"….A stimulus bill should have an immediate economic impact and create real, long-term jobs, and this stimulus bill has clearly not created jobs or fixed our economy."
Okay, and what "shovel ready" projects did the Republican Party offer back when the stimulus bill was being debated? They didn't. They offered tax cuts. What do tax cuts do? Well, President Bush gave America $1.3 trillion in tax cuts in 2001 and the recession continued until early 2003.
CNN even feels obliged to do a bit of due diligence and points out that:
Last week, House Minority Leader John Boehner found himself in the DNC's sights: Democrats released a tough Web video blasting him for saying the stimulus hadn't delivered for his state.
"In fact, millions in recovery act funds have been committed to dozens of projects creating jobs for people right here in Ohio," the narrator said in the DNC video. "…Now John Boehner is using baseless attacks to mislead the public about the success of the Recovery Act."
Which leaves Cantor with a score of zero out of two. Later,
Cantor spokesman Brad Dayspring called the stimulus a "bad deal" and a "misguided …pork-barrel bill."
Okay, what does a "pork-barrel" bill do? That's right, it calls for spending money. Something that's ordinarily bad, but in times of recession, is a very good thing.
Again, Cantor scores a zero.
Oh, and by the way, Lawrence Summers, head of the National Economic Council, claims that:
"Given lags in spending and hiring, the peak impact of the stimulus on jobs was expected not to be achieved until the end of 2010"
So critics are jumping the gun by at least a year and a half.
Also, the hapless RNC Chairman Michael Steele tries to expound on the economy. Think Progress corrects him, and in the process, gives a very good quick snapshot of how the debt relates to the deficit and how both have fared over the past decade or so.
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