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On anniversary of the stimulus, where are the jobs?

The federal stimulus package marks its one year anniversary today. A year ago Speaker Nancy Pelosi and Washington Democrats urged Congress to pass the stimulus in order to create jobs "immediately." Congresswoman Virginia Foxx opposed t

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The federal stimulus package marks its one year anniversary today.  A year ago Speaker Nancy Pelosi and Washington Democrats urged Congress to pass the stimulus in order to create jobs “immediately.”  Congresswoman Virginia Foxx opposed the debt-financed spending program when it passed the House last February. 

“A year after the stimulus package became law Washington is racking up record deficits and adding trillions of dollars to our national debt,” Foxx said.  “Despite claims from Speaker Pelosi that the stimulus created two million jobs, Americans are asking, ‘where are the jobs?’”  

Last year stimulus backers claimed it would keep unemployment under eight percent—although today unemployment hovers around 10 percent.  Proponents also told Americans that the stimulus would “create or save” millions of jobs.  But since its passage, more than three million Americans have lost their jobs.

“Instead of pushing big government and more spending, we need solutions that will create real economic growth.  It’s time to return to spending restraint and low taxes—proven remedies that will help restore prosperity for all Americans. 

“At the same time the federal government should rein in policies that create an environment of uncertainty.  This is holding back job growth and innovation.  The prospect of government-run health care, carbon tax schemes, and handouts to union bosses are hampering entrepreneurs’ ability to expand businesses and start hiring.  Let’s free our innovators and entrepreneurs to do what the do best.”

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