Monday, July 6, 2009

Biden Admits "Stimulus" Spending Scheme Is Falling Short, Says Dems "Misread the Economy"

Washington Democrats are officially all over the map on the spending binge known as the “stimulus.” Vice President Joe Biden was one of many Democrats scrambling over the weekend to defend the trillion-dollar “stimulus” that, by any objective account, isn’t working. The Obama Administration’s latest excuse for the bill’s poor returns? On ABC’s This Week with George Stephanopoulos, the Vice President claimed, “The truth is, we and everyone else misread the economy.”

This change in rhetoric comes less than two months after the Vice President issued his initial report on the “stimulus,” in which he said the package was “ahead of schedule.”

Here’s another example of Democrats’ mixed messages on wasteful stimulus spending:
Yesterday on ABC, the Vice President asserted, “There were predictions that this was going to be wasteful and all these terrible projects were going to be out there, and we’re wasting money. Well, that dog hasn’t barked yet.”

Yet just last month, in a roundtable to discuss the “success” of the stimulus, the Vice President admitted, “We know some of this money is going to be wasted… Some people are being scammed already.”

The “dog” to which the Vice President referred is now barking, and her name is Ellie Mae, the bloodhound House Republican Leader John Boehner (R-OH) and Rep. Lynn Westmoreland (R-GA) sent out looking for jobs created by the “stimulus” in a lighthearted web video released last week. In an appearance yesterday on Fox News Sunday, Boehner underscored the fact that the “stimulus” bill isn’t working and reiterated Republicans’ support for a real stimulus – one that empowers families and small businesses to keep more of what they earn so they can save, invest, and create jobs:

“This was supposed to be about jobs, jobs, and jobs and the fact is it turned into nothing but spending, spending and more spending on a lot of big government bureaucracy… All it does is fund more government. If you really want to get the economy going, you have to trust small businesses and the American people to reinvest their own money. So we ought to try a real stimulus bill and allow them to keep more of what they earn.”

As the “stimulus” continues to fall short of its goals, how will Democrats try to move the goalposts next? What rhetoric will they use to backtrack off of previous predictions and statements? And, most importantly, how hard will Democrats continue to block a real stimulus that trusts small businesses – the real engine of our economy – to create jobs? As Congress prepares to begin a busy stretch of legislative action over the next four weeks and unemployment continues to rise, these are questions the American people need answered.

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