Today is the first anniversary of the Stimulus Bill. Politicians are making the rounds telling us how well this bill has worked. Repeating an untruth frequently does not make it true. The American people know the bill has not worked. The polls all agree on this. Unemployment has increased dramatically after the passage of this bill. The stock market is shaky and most of this country’s retirement funds are invested in 401 (k)s. Every day we see examples of just how bad the economy is. Do NOT tell us the recession is over for it isn’t.
Do these proponents of the Stimulus Bill really think that if they tell us that the Stimulus Bill has worked magnificently, we will suddenly ignore all facts and believe them? What kind of unreal world do they live in? The American public is not gullible or stupid. All these “spinners” are doing is destroying their own credibility.
If Congress really seeks to help the economy and reduce the deficit, they should not implement the remainder of the bill. Over 500 billion dollars of this bill have not yet been spent. This money should be applied to reducing the national debt. The unused or repaid TARP funds should also be applied to reducing the national debt. The TARP bill stated that these funds would be so used. Why is TARP money being used as a slush fund?
Can Congress not repeat last year’s mistakes? The only proven method of improving or ending an economic recession is broad-based tax cuts for individuals and large and small businesses. This year we must leave the world of theory behind and implement policies that history has shown us many, many times do work.
Signed,
The Electorate
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