Yesterday was the one year anniversary of the signing of the stimulus bill. Barack Obama and Joe Biden were running around defending the stimulus and all the jobs that it can be credited with saving. Barack Obama is crediting the stimulus with creating or saving 2 million jobs to this point. Even if that number is true, unemployment has jumped from 7 percent to over 10 percent since the stimulus was enacted. We were told the stimulus would stop unemployment from rising above 8 percent. It seems like a hollow “victory.”
Only a fraction of the stimulus money has been spent so it would seem to me that if the stimulus has been so successful to this point, and most of the money still remains unspent, wouldn’t it make sense to spend more of the stimulus money to turn the economy around that way?
But that is not what is happening. This seems like a no-brainer to me, but why does congress need to work on a new jobs bill if the stimulus is working and there is still stimulus money left? If the stimulus bill was supposed to save or create jobs, doesn’t that make it a jobs bill? Why do we need a new jobs bill if that is the case? Doesn’t this make the jobs bill stimulus number two?
When Barack Obama signed the stimulus bill he thought that it would be the end all be all; he thought that he had saved the economy so he moved on and forgot about the economy to pursue a healthcare reform bill. Once it became bogged down he tried to claim that he was pursuing the healthcare bill to save the economy. The public wasn’t buying it, so on the one year anniversary of the stimulus bill he had to go out and defend the stimulus. He had to return to where his focus should have been over the last year.
If everything that Barack Obama has said about the stimulus bill is true we do not need a jobs bill, we just need to release the rest of the stimulus money. The money has already been allocated, why not use it before creating another spending bill? Because the president knows that the stimulus has failed to this point and releasing the rest of the money will also fail.
It is on to plan B.












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