Barack Obama won the great tax-cut showdown of 2010 and House Democrats don t have a clue that he did. In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package. It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years which just happen to be the two years of the run-up to the next presidential election. This is a defeat?
The jobs 'created or saved' have cost taxpayers dearly. In an October 3 ABC News/Washington Post survey, 68 percent of Americans polled believe that the money the federal government has spent on the economic stimulus has been mostly wasted. Only 29 percent consider it well spent.
Time: The stimulus has cut taxes for 95% of working Americans, bailed out every state, hustled record amounts of unemployment benefits and other aid to struggling families and funded more than 100,000 projects to upgrade roads, subways, schools, airports, military bases and much more. But in the words of Vice President Joe Biden, Obama's effusive Recovery Act point man, "Now the fun stuff starts!"
Stimulus and Public Employees - Veronique de Rugy - The Corner on National Review Online And he is right. Check out this unemployment chart I made to show who are the losers in this recession. Not the public employees. Interestingly enough, though, the rate of unemployment among public sector employees has risen close to fifty percent, far [...]