In Two Years, $900 Billion Down the Toilet

It needs to be noted that today is the Two Year Anniversary of the Barack Obama Stimulus Plan (aka the American Recovery and Reinvestment Act). Rightly so, the Republicans are reminding Americans about this really large and wasteful bill, all the promises that were made, the Democrat predictions and how it has equated to the picture above; money being flushed down the toilet. To further hit the point home, a very effective ad was produced.



Most importantly, the promise was that with this bill, unemployment would fall below 8%. Two years later, unemployment (U-3) has consistently been over 9%, and more and more Americans continue to apply for unemployment. Government has not learned that government cannot be the primary force behind an economic recovery, it must get out of the way and provide incentive for the private sector and private citizen to take the lead, as occurred in the 1980s.

It is very sad that a highly coveted bill, rammed through Congress at President Obama's heights in popularity, wastes taxpayer money and financially cripples generations to come, is a failure. American voters must remember this come 2012!