The Hill reports that “Rep. Nancy Pelosi (D-Calif.) and House Democrats have dropped the word ‘stimulus’ from their vocabulary,” even though the “stimulus” policies they appear to be pushing “are largely the same” as the ones that already failed. The report reminds us of the old adage that if it …
- “…swims like a duck…”: According to Reuters, Vice President Biden said our economy needs “more stimulus.” “Everybody says we should’ve (had)...a bigger stimulus package,” Biden said. “Yeah, we should’ve. I was pushing (for) it.”
- “…quacks like a duck…”: The Hill reports that Democrats want the president “to ignore short-term deficit spending concerns in favor of sweeping spending initiatives” with big price tags.
- “…then it probably is a duck”: The Washington Post said President Obama will press “for a new round of stimulus spending.” Politico says he will “ask Congress to offset the cost of these measures by raising tax revenue in later years” – i.e., more failed “stimulus” spending today in exchange for the threat of job-crushing tax hikes tomorrow.
Despite the about-face on the word “stimulus,” Rep. Pelosi once said Democrats were “very, very proud” of the last “stimulus” spending bill. “It was definitely worth it,” she said. VP Biden even said, “In my wildest dreams, I never thought it would work this well.”
The problem is: it didn’t work. Since the “stimulus” was enacted, more than 1.4 million jobs have been lost and the unemployment rate has averaged 9.4 percent. According to the New York Times, “The Labor Department says that nonfarm payroll employment totaled 131.1 million in August, compared with 132.8 million in February 2009.” All the “stimulus” left us with was fewer jobs and more debt.
Republicans have a real blueprint for private-sector job growth. In a letter to President Obama, Speaker Boehner and Majority Leader Eric Cantor said “House Republicans have worked throughout the year to implement the Pledge to America, our governing agenda focused on removing government barriers to private-sector job creation, and later this year built on the Pledge by putting forth an expanded jobs agenda, our Plan for America’s Job Creators.”
Boehner and Cantor noted that Republicans have “passed more than a dozen pro-growth measures to address the jobs crisis” – many of which remain stalled in the Democrat-led Senate – and outlined several possible areas where the White House and Congress could work together for jobs... without resorting to more of the same failed “stimulus” spending.