Saturday, July 11, 2009

Obama Says Economic Stimulus Worked

Obama Says Economic Stimulus Worked as Intended, Urges Patience
"President Barack Obama said his $787 billion stimulus bill “has worked as intended” as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.
It has already extended unemployment insurance and health insurance to those who have lost their jobs in this recession,” Obama, who is traveling today in Ghana, said in his weekly Saturday radio and Web address. “It has delivered $43 billion in tax relief to American working families and business.”
Were it not for the stimulus program, the president said, “state deficits would be nearly twice as large as they are now, resulting in tens of thousands of additional layoffs -- layoffs that would affect police officers, teachers, and firefighters.”"

Ummm, Barry hussein told us the trillion dollars spent would INCREASE jobs not pay for unemployment benefits.

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