Thursday, November 25, 2010

Another Republican Lie: The Stimulus Didn't Work

Unfortunately, most Americans bought that Republican BS bill of goods too. The only problem with the stimulus is it probably wasn't big enough and should of contained more shovel ready infrastructure repairing projects than tax cuts.

So instead of a 11.6% unemployment rate we have a 9.6% rate because of the stimulus according to the impartial Congressional Budget Office. The Republicans have proposed we rescind the remaining $12 billion of the Recovery Act that remains unspent, even though many of them actually voted for the original legislation or made sure they could claim credit for the jobs it created in their home districts or states even though they originally opposite the Recovery Act.

"The stimulus created the equivalent of 2 million to 5.8 million jobs during the third quarter as part-time workers shifted to full-time work, or employers offered more overtime work."

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