Bill Clinton: The Problem With Obama’s Stimulus Spending Was That It Wasn’t Enough

Even using the Obama administration’s phony, inflated jobs numbers if we add up all the jobs “created or saved” and divide them into the amount of stimulus money spent on “creating or saving” them they’ve cost taxpayers roughly $4 million each.

Clearly, not an efficient way to grow the economy. Not when you must take $4 million away from that economy to create each job. But even so, Bill Clinton argues that the problem was the government didn’t spend enough:

(POLITICO) — Former President Bill Clinton said he likes the economic stimulus — it just wasn’t big enough.

“I think the stimulus did as well as it could have done — there just wasn’t enough of it,” Clinton told reporters on Tuesday.

President Obama’s $787 billion stimulus bill, signed into law in 2009, has since being a rallying point of contention for Republicans and conservative tea party activists.

Clinton has made his support for the stimulus package clear in the past, telling Fox News in 2009: “I think the stimulus package is well conceived. A lot of it puts money in people’s hands, with the unemployment benefits and the food stamps and the tax cuts. A lot of it keeps the states and local governments from laying off a million more people or having big tax increases with the aid to education and health. And then I think the energy and the infrastructure investments will create the jobs the president wants. So I like the conception of that.”

Meanwhile, if Congress had bothered to pass a budget at some point in the last couple of years, we could say that the nation is running about a $1.6 trillion budget deficit and is closing in on $15 trillion in national debt.

And the Democrats want us to dump billions more on “stimulus” spending.

Rob Port is the editor of In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters.

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  • SigFan

    Yet again, a liberal proves that they think that the reason their hare-brained schemes did not work is that they just didn’t get to do enough of it.  Predictably and certifiably insane.

  • robert108

    Clinton just toes the Marxist line, while ignoring the common sense advice that when you’re in a hole, stop digging.

    • fedupny

      Hillary and all his friends surrounding the president are counting on it!

  • Bat One

    I just love that picture of Clinton, our so-called “first black president.”  Reminds me of “Blazing Saddles.”

  • headward

    Bill Clinton was impeached because he didn’t lie enough.

  • DopeyDem

    Using this kind of thinking, had the Democrats paid out 14 trillion dollars in stimulus money, they then could have taxed it at 100% and used those taxes to pay off the national debt. They just will never get it.

    • robert108

      Good plan, unless you factor in the cost of taxing and collecting the taxes.  It’s a very inefficient way to get money.

    • Bat One

      That’s not funny.  As long as you have been here at SAB, you know damn well there are “progressive” Democrats here who are just ignorant enough to believe what you’ve written… and another one in the White House who is dishonest enough to try it if he thought he could get away with it and get reelected in the process.

      • DopeyDem

        Your right, my bad. The Dems would also figure out a plan to blame the Repubs for cutting the 100% tax rate afterwards and driving up the debt. 

        • robert108

          Yeah, more lying about “tax cuts for the rich”.