Will Stabenow Back Second Stimulus After Rubber-Stamping First $787 Billion Debacle?
As she helped ram President Barack Obama’s $787 billion stimulus into law, Senator Debbie Stabenow promised it would create millions of new jobs and her 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 Debbie Stabenow stand now, as Obama calls for Michiganders 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.”
“Debbie Stabenow 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 she’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:
Stabenow Promised The Stimulus Would ‘Create or Save’ 100,000 Michigan Jobs
UPPER MICHIGANS SOURCE: “Senator Stabenow said stimulus dollars will create over 100,000 jobs across the state, 70 percent dealing with construction and manufacturing. She said it’s hard to pinpoint an exact number of jobs coming specifically to the Upper Peninsula. However, new renewable resource initiatives, like Cliffs renewal fuel plans and summer road construction projects, will take that number well into the thousands.” (Heather Sawaski, Stimulus status, Stimulus Status, 04/16/09)
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)
