It wasn't a stimulus.....that's why it's not working!
The front pages are full of stories about the stimulus, the "failed stimulus" that is:
Stimulus Isn't Creating Jobs - Detroit News
What's going on? What happened to the stimulus passed early this year?
Let's check with Jon Hensarling and Paul Ryan, Republican representatives from Texas and Wisconsin, respectively.
They are both part of the GOP's youth movement!
Today, they wrote this: Why No One Expects a Strong Recovery--
When you repeal sound economic policies you repeal their results
When you repeal sound economic policies you repeal their results
"Virtually none of the stimulus spending was directed towards encouraging broad-based private investment, and thus failed to encourage true economic growth.
An analysis by economists John F. Cogan, John B. Taylor and Volker Wieland, published on this page on Sept. 17, suggests that while the stimulus succeeded in temporarily and marginally increasing disposable personal income, it left personal consumption spending virtually unchanged.
Meanwhile, $112 billion of its $300 billion tax relief was in the form of payments to people who paid no income taxes.
These payments, akin to a one-time welfare check, do not change the incentives to save and invest, and do not effectively promote broad-based economic growth."
Translation: The stimulus was cash handouts rather than policies that create jobs or encourage the kind of entrepreneurship that we saw when Pres Reagan cut taxes across the board.
Translation # 2: The stimulus was sending cash to the Dem warlords who got millions to vote in 2008!
Therefore, unemployment has gone up to 10.2% despite assurances that the stimulus was necessary to keep unemployment below 8%!
What do we need?
We need "incentive oriented" tax cuts that boosted the US economy in 1982-83 and later under Pres Bush in 2003!
Cancel the stimulus and return the money to the federal government!
And let US entrepreneurs pull us out of this recession, as they have every time before!
The good news is that the public gets it: To Create Jobs, Voters Say Cut Taxes and Stop Spending
P.S. In the meantime, we will keep looking for those jobs:






