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 SayAnythingBlog.com. 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. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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