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Wednesday, June 22, 2011

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Despite The Failures Of Their Previous Stimulus Efforts, Senate Democrats Are Proposing ‘New Stimulus Spending’

Democrat Message Man Makes It Clear: ‘This Is A Stimulus Program’
“Democrats Call For New Spending In Debt Deal” (“Democrats Call For New Spending In Debt Deal,” Reuters, 6/22/11)

SEN. CHUCK SCHUMER (D-NY): “This is a stimulus program.” (“Senate Democrats Push New Stimulus,” Roll Call, 6/22/11)

“Efforts in the U.S. Congress to head off a debt default faced a new hurdle on Wednesday as Democratic leaders called for additional spending to boost the sluggish economy. Democrats' demand for new stimulus spending is directly at odds with the efforts of negotiators, led by Vice President Joe Biden, who are trying to find trillions of dollars in budget savings as part of a deal that would allow Congress to sign off on new borrowing before the country runs out of money to pay its bills.” (“Democrats Call For New Spending In Debt Deal,” Reuters, 6/22/11)

“Democrats in the U.S. Senate on Wednesday called on Vice President Joe Biden to include new economic stimulus spending in deficit-reduction talks as a way of lowering the 9.1 percent jobless rate that is hobbling the economic recovery.” (“Senate Democrats Seek New Economic Stimulus,” Reuters, 6/22/11)

“Senate Democrats… demanding that new stimulus measures be included in the bipartisan deficit reduction talks led by Vice President Joseph Biden.” (“Senate Democrats Push New Stimulus,” Roll Call, 6/22/11)

FLASHBACK: White House Officials Said Unemployment Wouldn’t Exceed 8% With ‘09 Stimulus
Obama advisors Christina Romer & Jared Bernstein claimed that the “unemployment rate with … the recovery plan,” would not exceed eight percent “with recovery plan.” (Christina Romer & Jared Bernstein, “The Job Impact Of The American Recovery And Reinvestment Plan,” P.4, 1/9/09)
Original Chart Predicting Unemployment Rates With Prior Stimulus -- Plan Did NOT Work!

Tags: Democrats, Chuck Schumer, Joe Biden, Stimulus, new spending, Federal spending, debt, unemployment, Déjà Vu To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!

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