After one year: feel stimulated yet?
Nope.
Remember when unemployment was 7.6% and not 9.7 percent? That was the rate last February.
And where are the 8,300 jobs promised for our Congressional district, let alone the 66,000 for the state?
Instead, we have fewer people working than the last time when the unemployment rate was 9.7 percent because many have given up on the search – 1.1 million fewer to be exact. Even illegal immigrants are leaving because they can’t find work, not doing the jobs Americans won’t do either.
If unemployment weren’t a big problem, why would Congress continue to subsidize it by extending unemployment benefits to nearly 100 weeks? That’s practically two years.
The only sector which is experiencing growth is the federal public sector. Obviously the First Lady is doing her part by employing 22 assistants, while her husband keeps dozens of “czars” on the payroll.
I thought Rush Limbaugh came up with an intriguing idea last year when the stimulus came out. Take the stimulus money and do two things with it: devote the proportion of it equal to Barack Obama’s vote to his ideas (essentially the stimulus package we have now) and the remainder equal to John McCain’s vote to tax cuts and business-friendly policies, and see which side of this bipartisan compromise did better. Obviously we didn’t get the GOP side so the lack of success all falls on the side of the statists, who keep spending way more money than we have available to us for bailing out favored special interests, unions, and key business contributors on Wall Street.
This is a good timeline to recall just how well the stimulus worked, thanks to Rep. Eric Cantor.
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