One year ago today, President Barack Obama signed the massive $862-billion "stimulus" bill. (You probably remember the number $787-billion, but the official cost estimate has already increased by $75 billion.)
3.3 million jobs have been lost since this day one year ago.
- At the time President Obama signed the bill the unemployment rate was at 7.6%
- Obama promised it would not go over 8%
- Today, the unemployment rate is hovering near 10%.
Now, top Democrat leaders are admitting it did not (and will not) work. And they're calling for yet another round of waste and special-interest handouts - this time they're calling it a "jobs bill," but it's really just more of the same failed stimulus policies. One draft of the new "jobs bill" even included a bailout for chicken farmers in El Dorado, Arkansas at the request of Senator Blanche Lincoln, who apparently can't tell poultry from pork!
Senator Chris Dodd (D-CT) recently said the problem is that the bill wasn't "as targeted as it should've been" and "we need to go back to this and do this again. We need to do more of that."
Do this again, Senator Dodd?! Your colleague sure doesn't think so (and, like you, he is retiring rather than face voters)...
Yesterday morning on CBS, Senator Evan Bayh said this:
"[I]f I could create one job in the private sector by helping to grow a business, that would be one more than Congress has created in the last six months."
Once again, it's up to you and me to stand up and stop more of this "stimulus-type" legislation.
In the coming months AFP will continue to engage our army of grassroots activists to become stimulus watchdogs in their states and communities. We will provide the tools and resources needed to track down grants and contracts, and then we will follow the money trail to expose corruption and waste.
Please contribute to AFP today to help us keep up the pressure and to avoid the wasteful government spending we endured in the last stimulus bill like:
- $4.7 million for research to develop Supersonic Corporate Jets
- $350 million to develop a Broadband Map that may be obsolete by the time it is complete
- $1.3 million for states to spend on highway signs
- $2.2 million to install a water pipeline to a golf course in California
- $1.6 million for free water taxi rides in Maryland to relieve downtown congestion
Last year we sounded the alarm on Fox News and collected more than 475,000 signatures on our first NoStimulus petition. In 2010, we will continue to keep up the pressure and fight this massive spending bill that has already gone $75 billion over its initial cost estimate of $787 billion.
Today, I need your support to help us shine the light of day on these outrageous stimulus projects!
Thank you for all that you do for Americans for Prosperity. There's no mistaking why and how we've come so far: it's thanks to folks like you, who know how important it is to fight back and who have invested generously in our work.
Please click here to donate today.