Obama Lied, His Campaign Promises Died

Last Chance To Stop Trillion Dollar Bailout

In previous reports, we have outlined what’s wrong with Obama’s “economic recovery” plan, currently under debate in Congress. The Democrats like to call it a “stimulus plan,” but they couldn’t be more wrong about its effects. Spending over a trillion dollars on a bailout of bloated Big Government bureaucracies will not stimulate the economy.

The Senate has been debating the bill for several days and may be nearing a final vote today. President Obama is ratcheting up his rhetoric and pulling out all the stops to get this bill passed. We need to step up the opposition NOW! Here’s what I would like you to do.

Below are some key facts about this bill. Send this information to 10 of your friends, family members and business associates. Ask them to take action by calling their senators at 202-224-3121 to tell their elected public servants to oppose this monstrosity. If they can’t get through on that line, they can go to www.cwfpac.com and use our online Congressional Directory to look up the direct office numbers for their senators.

• The bill breaks a major campaign promise Barack Obama made repeatedly last year when he said he would go through the budget line-by-line to identify and cut wasteful spending on inefficient programs. The Wall Street Journal reported that tens of billions of dollars are directed to “federal programs that the Office of Management and Budget or the Government Accountability Office have already criticized as ‘ineffective’ or unable to pass basic financial audits,” throwing more good money after bad.
  
  
• Worse yet, the price tag of this bill has ballooned from $800 billion to more than $900 billion, according to various reports. With interest, it will cost taxpayers more than $1 trillion, guaranteeing massive tax hikes in the years ahead.
  
  
• It is the largest single expenditure in America’s history. It dwarfs major initiatives like the Louisiana Purchase, the space program, the New Deal and the Iraq war, even in inflation-adjusted dollars.
  
  
• Consider this: Everyone concedes that George W. Bush spent too much money. But it took the Bush Administration more than two years and a global war on radical Islamic terrorism in the wake of the 9/11 attacks to increase the national debt by more than one trillion dollars. President Obama is on track to do it in his first month in office!
  
  
• It is riddled with wasteful, pork-barrel spending, including billions in political payback to leftwing special interest groups like ACORN. (Click here to see a list of specific examples of unnecessary spending.)
  
  
• It is supposed to be a “stimulus” bill, but the non-partisan Congressional Budget Office (CBO) estimated that most of the infrastructure money won’t be spent until 2010 or years later.
  
  
• Yesterday, the CBO released a new report that was highly critical of the plan. According to the Washington Times, “President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the non-partisan Congressional Budget Office said Wednesday.” Why? Because the bill will “result in so much government debt that within a few years [it] would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing at all.”

Obama’s spending bill won’t grow the economy. It will grow bloated government bureaucracies that will only demand more and more of your hard-earned money.

TAKE ACTION NOW: Call Capitol Hill at 202-224-3121. (Or click here to look up your senators’ direct office numbers.) Politely, but firmly tell your senators to oppose the so-called “stimulus” bill -- a trillion dollar bailout of Big Government.

Gary Bauer
Campaign for Working Families