Obama: The “Stimulus” Spending Spree Has “Worked As Intended”
Huh?
WASHINGTON (CNN) – After a week of increasing Republican criticism of Democrats’ $787 billion stimulus bill, President Obama is using his weekly address to defend the massive piece of legislation which has in many ways come to define his young administration thus far.
“In a little over one hundred days,” Obama says in Saturday’s address, the stimulus plan “has worked as intended.”
“As a result of the swift and aggressive action we took in the first few months of this year, we’ve been able to pull our financial system and our economy back from the brink,” Obama also says.
The nearly $800 billion bill “wasn’t designed to restore the economy to full health on its own, but to provide the boost necessary to stop the free fall,” the president says in his weekly address.
Just to illustrate how duplicitous Obama is being, let’s go back to this graph issued by the Obama administration as part of their attempts to sell the “stimulus” spending spree indicating what they felt unemployment would be with the “stimulus” and without it. The chart has been updated to indicate what our unemployment numbers have actually been:
If this is the “stimulus” spending spree working as intended, then perhaps Rush Limbaugh and others who have suggested that Obama’s goal is to wreck the economy in order to justify expansion of government government power and control are right.
