It’s been one year since the Stimulus has been passed. Let’s do a recap of this glorious year of glorious overspending that made President George W. Bush look like a penny pincher.
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6.3 million – the job gap the number between how many jobs President Obama promised would be saved (3.3 million) and the number that has been lost (3 million) (HT: NRO’s The Corner).
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The current unemployment rate is 9.7%, after rising above 10%. This is after President Obama promised it wouldn’t go above 8.2%.
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But yes it did have an undeniable impact on our economy… just not with jobs (only 6% iof Americans believe the stimulus package created a significant number of jobs in a recent CBS/New York Times poll).
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According to a CNN Poll: 3 of 4 Americans say much of the stimulus money was wasted.
I think it can be safely said that the only thing the stimulus package did was to stimulate government jobs and debt. Let’s not celebrate the first stimulus with a second one.
Shane Vander Hart
Editor & Founder at Caffeinated Thoughts
Shane Vander Hart is the founder and editor-in-chief of Caffeinated Thoughts. He is also the President of 4:15 Communications, LLC, a social media & communications consulting/management firm. Prior to this Shane spent 20 years in youth ministry serving in church, parachurch, and school settings. He has also served as an interim pastor and is a sought-after speaker and pulpit fill-in. Shane has been married to his wife Cheryl since 1993 and they have three kids. Shane and his family reside near Des Moines, IA.
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