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Obama: Stimulus "Worked as Intended"

By Doug Bandow on 7.13.09 @ 1:54PM

Which obviously is the problem. Reports Bloomberg News:

President Barack Obama said his $787 billion stimulus bill "has worked as intended" as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.

"It has already extended unemployment insurance and health insurance to those who have lost their jobs in this recession," Obama, who is traveling today in Ghana, said in his weekly Saturday radio and Web address. "It has delivered $43 billion in tax relief to American working families and business."

Obama spoke after stocks fell for a fourth week on concern that an economic recovery will be delayed. A government report last week showed that employers cut 467,000 jobs in June and the unemployment rate rose to 9.5 percent, the highest since 1983.

Given how well the first "stimulus" has worked, obviously we need a second one. At least, that's what the usual suspects in Washington think!

View all comments (3) | Leave a comment

Pete| 7.13.09 @ 4:04PM

And if you don't believe that bald-faced lie, you are a racist somehow. So elegant, so simple, so effective - like taking candy from a baby (or money from the taxpayers) with a complicit media.

Leon| 7.13.09 @ 5:46PM

He's right if by "...working as intended," he means breaking the economy, throwing millions more out of work, and making everyone more dependent on BigGov(OnePartyRule).org.

Becky| 7.14.09 @ 7:12AM

No, it didn't work as he intended. Unemployment was supposed to be much lower than it currently is. You cannot state that the economy was worse than we expected and yet the stimulus worked as expected and have both statements be true.

He's a fancy pants shooter. He talks and talks and doesn't even listen to himself.