It's been six months since the $787 billion stimulus package was rammed through Congress, and most Americans have yet to feel any positive effect from it.
When the Obama Administration and Congressional leaders were trying to sell this massive pork-laden spending bill they claimed 3 to 4 million jobs would be "saved or created." Senior White House Economic Advisor Larry Summers said "you'll see the effects begin almost immediately" and we were also promised unemployment would not exceed 8%.
So what's the reality?
Unemployment is now at 9.4%, we've lost over 2.2 million jobs, and it's clear the stimulus is failing to accomplish what it was intended to do--create American jobs.
According to a new Fox News/Opinion Dynamics poll, 72% of Americans believe the government should return the unspent stimulus funds to the taxpayers.
One aspect of our "Jobs Here, Jobs Now, Jobs First" plan would do just that. So far only 13.3% of the $787 billion stimulus has been spent. We believe that if Congress is going to spend stimulus money, then it should go directly to people and not to bureaucracies. We've proposed therefore that the unspent stimulus funds be used to pay for a two year, 50% payroll tax cut that will put money directly in the hands of workers and employers. It would give employees more take home pay to support their families and it would give employers more money to help save current jobs, hire new people, and purchase equipment.
As we are seeing from the failing stimulus package and the outcry at townhall meetings, Congress is out of touch with reality.
Stimulus...have any of you benefited?
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