Wednesday, June 10, 2009

Libertarians say “cancel stimulus spending”

America’s third largest party Wednesday called on Congress to terminate the remainder of stimulus spending citing new polling data showing plurality of Americans now believe what Libertarians have said since January – Obama’s stimulus package is too big, too expensive and doesn’t help the economy.

“Despite a Jan. 10 White House report that the Obama spending explosion would keep unemployment under eight percent, it instead grew to 9.4 percent,” said William Redpath, Libertarian National Committee Chairman, citing both a January White House report selling the "stimulus" package, and new Labor Department statistics released last week placing unemployment at a 26-year-high, with 14.5 million workers now jobless.

“It’s no surprise that 45 percent of Americans now agree with the Libertarian Party. They know Big Government cannot create wealth and they want the stimulus spending canceled,” said Redpath.

The independent, non-partisan polling firm of Rasmussen Reports released data Wednesday morning showing 45 percent of Americans say the rest of the new government spending authorized in the $787-billion economic stimulus plan should now be canceled.

Thirty-six percent (36%) disagreed and 20 percent were not sure. Fifty-five percent (55%) want the tax cuts preserved, a position they share with the Libertarian Party. Thirty-nine percent (39%) say the increased spending will be good for the economy, but 44% say it will be bad.

“The best way to create the jobs Americans need is to cut taxes for families and employers, cut or eliminate taxes on savings and investments and begin to repeal the twisted jungle of federal regulations that employers had to spend $1.17 trillion to comply with in 2008,” said Redpath.

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