Stimulus spending not a quick fix for the economy

From Scnow.com

When the stimulus package was passed by Congress this past February, President Barack Obama assured Americans that this huge unfunded spending proposal was necessary to keep unemployment from rising and would restore growth to the recessionary economy.

On July 11, President Obama said the stimulus package “worked as intended.”

“The recovery plan was not designed to work over four months. It is designed to work over two years,” he said.

Unfortunately this is not how the stimulus package was sold to the American people. In his Jan. 24 radio address, the President said the purpose of the stimulus plan is “to immediately jumpstart job creation as well as long-term economic growth.” Immediately is not two years.

In fairness to President Obama, he also told the American people “this is not just a short-term program to boost employment. It’s one that will invest in our most important priorities like energy and education; health care and a new infrastructure.” In other words, the real purpose of the stimulus package was to substantially increase government spending using economic stimulus and job recovery as a smoke screen to sell the American people.

Unfortunately, at the time, mainstream media was too intoxicated with “Obama mania” to point out the real purpose of the stimulus package to the American people.