Posted on 07/10/2009 10:28:53 AM PDT by yoe
Senators who voted for the Obama administration’s $787-billion economic stimulus bill defended its performance, saying that despite a weaker-than-expected economy, the stimulus was not a failure and they were not disappointed in the results so far.
Republican supporters of the Obama economic plan said that even though the administration’s economic predictions proved wrong, the stimulus is still on the right track.
Sen. Sherrod Brown (D-Ohio) told CNSNews.com that the stimulus was not a failure and that the real need was for the administration to spend the money faster.
“It means they need to speed it up a bit,” he said. “[And] do all we can to help create demand for autos and houses and everything else.”
Brown said he was not disappointed in the stimulus, arguing that the economy’s poor performance was a result of past economic policies, not current ones.
“I’m disappointed in what’s happened to the economy,” he explained. “It really comes as a result of the last decade of bad trade policy, bad tax policy, deregulation--all the things that happened. The stimulus was written to deal with an unemployment rate that wasn’t as high as we thought it was going to be, as everybody thought it was going to be.”
(Excerpt) Read more at cnsnews.com:80 ...
F-A-I-L-U-R-E.
Uhhh....these guys got any Economic advisors at all ? ?
THAT THEY LISTEN TO !!!!
Of course, they all use that lovely catch-all phrase “past economic policies” without stating with specificity what those “policies” were. Reason - Fannie Mae/Freddie Mac, CRA - ALL Democrat “economic policies.” Add to this a downslide to a good economy that started when the Dems took Congress in 2006.
Senator Sherrod Brown campaigned on ‘jobs, jobs, jobs’ while destroying business with his policies. You cannot have jobs without businesses.
With each surge in dem power, businesses have contracted. This economy is exactly what they voted for.
I love it!
LOL
I can pinpoint the decline to the announcement of Charlie Rangel’s Mother of All Tax Increases. That’s when business started to discuss an ‘exit stragety’.
The housing bubble never would have occured if government intervention was eliminated and everyone was required to follow the time honored tradition of 20% downpayment and 25% net income monthly payments.
How 'bout we ask some of the unemployed the same question rather than this slug!
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