Sunday, September 6, 2009

Obama's Spending Spree: "F" does not stand for Fine


Tony Perkins, Family Research Council Action, analyzes the Spendulus bill.

Stimulus Report Card Gets a Failing Grade

...On the day the "stimulus" was enacted, the national unemployment rate was 7.6 percent--today it is 9.7 percent. At least 16 states have unemployment rates of over 10 percent.

Joe Biden's final measure was "to reinvest in existing infrastructure and lay a platform for the economic growth in future in energy, education and health care."

The spending "targets" read more like a rap sheet than an investment in the future. Funds went to "bail out" such things as shows about perverts and to run porn films, courtesy of Speaker Nancy Pelosi (D-Calif.). Other funds potentially went to house sex offenders and predators in Florida and the mob in the New York City area.

Vice President Biden might see the stimulus bill as a success, but by his own standards it has been a very expensive failed experiment.