If the 2.7 millions jobs that have been lost since the so-called stimulus was signed into the law did not convince you that government spending does not correlate into economic growth, take a look at this story from the Associated Press: Stimulus Cash Doesn't Create Local Jobs:
“A federal spending surge of more than $20 billion for roads and bridges in President Obama's first stimulus has had NO EFFECT on local unemployment rates, raising questions about his argument for billions more to address an ‘urgent need to accelerate job growth.’ An Associated Press analysis of stimulus spending found that it didn't matter if a lot of money was spent on highways or none at all: Local unemployment rates rose and fell regardless. And the stimulus spending only barely helped the beleaguered construction industry, the analysis showed.”
Yet, President Obama wants to pass a second stimulus calling for billions of dollars of more spending. When will the President and Democrat leadership learn that spending money we don’t have isn’t always the remedy to fix whatever problem confronts us? When will they get the hint? Republicans have put forth a better way to give our families the relief they need that will turn our economy around.
Cross-posted to Townhall