Three Years Ago Today The Obama-McCaskill $825 Billion Stimulus Became Law

NRSC Launches New Video Highlighting The Failed Promises & Economic Agenda Of Washington Democrats

Three years ago today, despite an already skyrocketing federal debt, President Barack Obama – with the help of liberal U.S. Senator Claire McCaskill – rammed their $825 billion stimulus spending bill into law promising Americans that it would create millions of news jobs

In fact, McCaskill specifically promised the stimulus would create jobs, but since the legislation was signed into law, 428,000 jobs have been lost because the Obama Administration was determined to spend their way out of this economic crisis instead of targeting the legislation to assist small business owners who are the true job creators of this country.

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Notably, the non-partisan Congressional Budget Office (CBO) released a report just yesterday that found that the rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression.  Additionally they project that the unemployment rate will remain above 8 percent until 2014, which is again contrary to the promises of Obama and McCaskill.

“After three years, it’s become abundantly clear that the Obama and McCaskill stimulus which spent billions of dollars growing the size of government instead of helping small business owners create jobs was an utter failure, said National Republican Senatorial Committee (NRSC) spokesman Lance Trover.  “With over 400,000 jobs lost since the stimulus passed, America deserves better than the tax-and-spend, big government policies of liberals Barack Obama and Claire McCaskill.”      

BACKGROUND … 

Exactly Three Years Ago Barack Obama Signed His Failed $825 Billion Stimulus Into Law

CLICK HERE TO WATCH THE VIDEO

WALL STREET JOURNAL:  President Barack Obama signed his $787 billion economic stimulus package into law Tuesday, with an upbeat speech emphasizing the road to recovery. (Laura Meckler, Obama Signs Stimulus Into Law, Wall Street Journal, 02/18/09) 

Which McCaskill Promised Would Create Jobs

McCaskill: The Stimulus Is A “Way Of Injecting This Money Into The Economy To Put People Back To Work.” “Well, what has happened is, because there’s such uncertainty and lack of confidence in the market, there’s this retraction. That’s what a recession is. What does this does, it puts money into the economy. It causes growth in businesses. If a business goes to a bank and says, hey, I just got a contract to build this building for the federal government, that bank is going to look at that loan application in a whole different light than they would today, without that kind of stimulative effect. So this is, in fact, a way of injecting this money into the economy to put people back to work. That — it is just that simple.” (MSNBC’s “Hardball,” 2/3/09) 

In July Of 2009, McCaskill Tweeted That She Thought The Stimulus Had Helped. “I believe the first stimulus has helped. No one said it would work magic in 3 mos. Said at the time most of the jobs will be created in 2010.”  (Senator Claire McCaskill’s Twitter, www.twitter.com, Accessed 12/7/10)

August 2011: McCaskill Said She Could Defend The Stimulus And “What It Did And How It Did It,” As Well As Defend That It Was Necessary. Mark Reardon, KMOX St. Louis: “You cannot make the case though, that this administration’s record on jobs has been a good one, can you?” McCaskill: “Can I, I think, defend the stimulus and what it did and how it did it? Yeah, I think I can. And that it was necessary? Yeah, I think I can.” (“Mark Reardon: Roundtable, Clair McCaskill, 9/11,” CBS St. Louis, www.cbslocal.com, 8/26/11)

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