Will Nelson Back Second Stimulus After Rubber-Stamping First $787 Billion Debacle?
As he helped ram President Barack Obama’s $787 billion stimulus into law, Democrat U.S. Senator Bill Nelson promised it would create millions of new jobs and his friends in the Obama Administration projected the deficit-spending spree would hold unemployment below 8 percent.
But instead, our country has lost 2.4 million jobs since President Obama came into office and is now in its 30th consecutive month with higher-than-8-percent unemployment – while our national debt has skyrocketed to $14.5 trillion.
So where does Bill Nelson stand now, as Obama calls for Floridians to foot the bill for yet another round of costly “stimulus” spending in Washington?
As Fox News reports:
In his weekly address on Saturday, President Barack Obama called for Congress to approve more money for a new—and vaguely defined—program to repair roads, bridges and airports as a means of creating jobs for construction workers… The president did not explain how loaning money to a company that wants to help repair a road, bridge or airport would cause more roads, bridges or airports to be repaired and thus necessitate the hiring of more construction workers to repair them. He also gave no details of the loan program he envisions—who would qualify for a government loan under it or on what terms the lenders would pay the taxpayers back.
Meanwhile, Obama repeated his calls for more spending in remarks at the White House today, demanding – without details or elaboration – that more borrowed Federal money be spent to “help companies who want to repair the roads and bridges and airports so that thousands of construction workers who have been without a job can get work and spur economic growth.”
“Bill Nelson still thinks it was smart for Washington to borrow and spend $787 billion from China in order to lose 2.4 million American jobs, so it’s a safe bet he’ll side with President Obama once again in calling for a second round of stimulus spending on top of our $14.5 trillion debt,” said National Republican Senatorial Committee (NRSC) spokesman Jahan Wilcox.
Background Information:
Nelson Promised The Stimulus Would ‘Create or Save’ 206,000 Florida Jobs
BILL NELSON: “Specifically, in Florida, this bill is going to ‘create or save’ 206,000 jobs. Nationwide it is going to be somewhere between 3 million and 4 million jobs it is going to create or save.” (Sen. Bill Nelson, Congressional Record, 2/13/09, p. S2281)
- Nelson Predicted The Jobs Would Be Restored Within A Year And A Half. “He said the package is expected to restore 206,000 of the 255,000 jobs lost in Florida so far in the economic crisis, within one-and-a-half years.” (Deborah Buckhalter, “Sen. Nelson Speaks To Stimulus,” Jackson County Floridan, 2/19/09)
The Administration Promised The Stimulus Would “Save Or Create” 3.5 Million Jobs And Keep The National Unemployment Rate Under 8 Percent
“The Obama administration is defending its claim that the $787 billion economic stimulus plan will save or create 3.5 million jobs before 2011 even while conceding that unemployment will likely continue to rise beyond its earlier predictions.” (Stimulus plan will create or save 3.5 million jobs, White House says, Associated Press, 05/11/09)
President Obama’s Economic Advisors Christina Romer And Jared Bernstein Predicted Unemployment Would Not Rise Above 8 Percent If The Stimulus Was Passed. (Christina Romer and Jared Bernstein, “The Job Impact Of The American Recovery And Reinvestment Plan,”1/9/09)
