Since the Obama administration took over, Washington has passed two recovery bills costing more than $800 billion. At that price, shouldn't we be experiencing an employment boom? Taxpayers are being fleeced.

Less than a month after his inauguration, President Obama signed the $787 billion stimulus bill. The promises flowed freely. In the flush of the moment, the White House said that by the end of 2010, 3.5 million jobs would be created or saved — 90% of them in the private sector — and unemployment would peak at 8%.

A little more than a year later, with unemployment at nearly 10%, Congress passed a jobs bill that includes $17.5 billion in tax cuts, business credits and subsidies for state and local construction bonds. It also bumps $20 billion into the federal highway trust fund to be spent on highway and transit programs. – more -


Post a Comment