One year ago, President Barack Obama signed into law an $862 billion porkulus bill claiming that:
1. Unemployment Would Not Rise Above 8 Percent. (REALITY: Since Obama Signed Stimulus Last February, Unemployment Currently At 10 Percent.)
2. Would Create 3.5 Million Jobs By End Of 2010. (REALITY: America Has Lost 2.8 Million Jobs.)
3. Would Create Construction Jobs. (REALITY: 712,000 Construction Jobs Have Been Lost.)
4. Obama Claims Stimulus Created Manufacturing Jobs. (REALITY: 847,000 Manufacturing Jobs Have Been Lost.
5. Obama Claims Stimulus Created Teaching Jobs. (REALITY: 55,000 Education Jobs Have Been Lost.)
6. Obama Promised Recovery Act “Will Create Good Jobs That Pay Well And Can’t Be Shipped Overseas.” (REALITY: Recently Distributed Stimulus Funds Going To Foreign Corporations Creating Jobs Overseas.)
7. Obama Promised Stimulus Would Have “Responsibility and Accountability.” (REALITY: GAO Says Transparency, Oversight Lacking When Keeping Track of Stimulus’ Effectiveness.)
Barack Obama and his big-spending Democrats led by Nancy Pelosi and Harry Reid have proven that their kind of “Stimulus” will only run America’s economy further into the ground.