Phony Stimulus - The CBO Tells It As It Is
By Marion Edwyn Harrison
In a move hailed in so much of the media as a victory which will re-ignite the American economy and create millions of jobs, President Barack H. Obama recently signed H.R. 1, the American Recovery and Reinvestment Act of 2009, or, as it is more commonly known, the “Stimulus Bill.” Lobbyists, states and various groups now are lining up to claim their piece of the pie, while the Obama Administration has modified its rhetoric about the impact the bill will have upon the economy. White House spokesman Robert Gibbs stated, “[The economy] has not yet bottomed out. [It is] probably going to get worse before [it] improves. But this is a big step toward making that improvement and putting people back to work.” Gibbs also hinted at the prospect of another, similar bill should the economy not recover in the near future.
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We must return to a policy of fiscal restraint and balanced budgets. Otherwise, our economic recovery could be much smaller and come to fruition in a far distant future.
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Marion Edwyn Harrison is President of, and Counsel to, the Free Congress Foundation.
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Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA. >> Back -- Page 1 2
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