We were promised 'shovel ready' projects when the $700-billion-plus "stimulus package" was passed. Now, as unemployment skyrockets towards 10% or higher, we find out the stimulus wasn't so 'shovel ready' after all. The GOP is now asking Democrats, "Where are the jobs?"
WASHINGTON: Republicans concerned about the Obama administration's big spending on economic stimulus, energy and health care are asking, "Where are the jobs?"
"The president and Democrats in Congress claim this spending binge is necessary to put Americans back to work," House Republican leader John Boehner said Saturday in the Republican radio and Internet address. "They promised unemployment would not rise above 8 percent if their trillion-dollar stimulus was passed.
"But our nation has lost nearly 3 million jobs this year. Unemployment has soared above 9 percent. And now the president admits that unemployment will soon reach double digits.
"After all of this spending, after all of this borrowing from China, the Middle East, our children and our grandchildren, where are the jobs?" Boehner said.
White House spokesman Robert Gibbs said early this week that the president expects the nation will reach 10 percent unemployment within the next few months. In January, President Barack Obama's economic team predicted unemployment would rise no higher than 8 percent with the help of $787 billion in new government spending. The unemployment rate in May reached a 25-year high of 9.4 percent. Obama aides have said that the economy took a turn for the worse since their initial forecast.
Boehner has seized on the administration's revised forecast.
He predicted Democratic proposals on health care, stimulus and energy would all be bad for the economy. (accent is mine)