Biden Taxpayers Got “Moneys Worth” From Stimulus

Joe Biden asserted in an interview that taxpayers have "gotten their money's worth" out of the $787 billion stimulus program that Congress passed during the depths of the recession.  Biden defended the program against accusations by Republicans critics that it hasn't been the job-manufacturing machine the administration promised to the American people.

The Labor Department said Thursday that first-time claims for unemployment insurance rose by 22,000 to a seasonally adjusted 496,000. Wall Street analysts polled by Thomson Reuters expected a drop to 455,000.  The number of Americans filing for initial unemployment insurance has climbed more than 12% over the past two weeks.

Barack Obama hailed last Wednesday's one-year-old economic stimulus law as an accomplishment that staved off another Great Depression and kept up to 2 million people on the job.  "One year later, it is largely thanks to the recovery act that a second depression is no longer a possibility," Obama said.  Obama made repeated references to how well, in his view, his government has done with the stimulus.

Obama and Biden say the stimulus bill is working.  Where and how is it working?  More people are losing their jobs daily.  More people are losing their homes daily.  How can they say the stimulus bill is working?

Is it working when the government is paying over $50,000 a house to weatherize them?  Is it working when they counted part time summer jobs as jobs?  The waste and graft we have seen in the stimulus bill is ridiculous. The only way Obama and Biden can say the stimulus bill is working and we are getting our ‘money’s worth’ is if they never intended for the stimulus bill to create or save jobs.

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