One Year and A Trillion Dollars Later, the Economy is Still Suffering the Consequences of Shea-Porter's Failed Stimulus
Washington- Exactly one year ago, the Democrats’ failed stimulus was signed into law. What do they have to show for it? Not much if you ask the middle class families Carol Shea-Porter was elected to represent. Instead of celebrating, Democrats like Shea-Porter are running for political cover as it becomes painfully clear that their partisan spending spree did little more than add to an already unacceptably high national debt, balloon the deficit, and bury future generations under its massive costs. While Democrats promised that spending a trillion dollars would curb unemployment at eight percent, it still sits almost two points higher today. A year later, the economy is still struggling to recover from a painful recession and middle class families are left asking: Where are the jobs?
Despite promising to keep unemployment under eight percent, Americans have seen double-digit unemployment and believe Democrats have spent too little time addressing the economy:
“The difficulty in creating jobs was underscored recently by the release of a new White House economic report predicting only a slight improvement in the 9.7 percent unemployment rate this year, with an average rate of 10 percent next year.
“At the same time, the White House continues to tout the $787 billion stimulus program for helping to boost growth. The administration originally sold the stimulus as a way to keep unemployment below 8 percent.
“’We do know that we are still facing headwinds,’ said Christina Romer, chair of the White House Council of Economic Advisers.”
“A CBS News/New York Times poll last week found 52 percent think Obama has spent too little time on the economy.” (Julie Mason, “Delivering on jobs promise proves daunting for Obama,” Washington Examiner, 2/14/2010)
“Are middle class families better off now than they were when Carol Shea-Porter and her fellow Democrats began their trillion-dollar spending spree a year ago?” said NRCC Communications Director Ken Spain. “By supporting her party’s out of control spending binge, Shea-Porter has piled a mountain of debt onto the backs of New Hampshire taxpayers with nothing to show for it but a ballooning deficit and a painfully high unemployment rate. Now that Shea-Porter has rubber-stamped this reckless agenda and stopped economic recovery in its tracks, her constituents are left asking: Where are the jobs?”