WH Refuses to Admit “Stimulus” Failure, Sends Chief Economic Fibber to Clean Up the Mess

Wednesday, July 14, 2010 4:57 PM

WASHINGTON, D.C. — Today, White House Chief Economic Advisor Christina Romer stood beside Vice President Joe Biden to announce the release of the White House Council of Chief Economic Advisors’ report declaring the “stimulus” plan a smashing success. According to her own words, however, this is not the case. Since the passage of the “stimulus” bill, Romer has:

• Famously claimed unemployment would reach 8 percent without the “stimulus.” Based on this doomsday scenario, the package passed in February of 2009 and jobless numbers are now teetering around 10 percent for the fourteenth month in a row.
• Admitted the President’s ephemeral “jobs saved or created” claim is entirely unverifiable, and then unabashedly continued to use it to promote the failed spending plan.
• Predicted the “stimulus” would have its greatest impact the third and fourth quarters of 2009. After the economy failed to improve, she has continued to move the goalposts, claiming now that the “true affects…will not be…fully appreciated for many years.”

“Small wonder a meager 13 percent of Americans believe the “stimulus” bill has helped them,” said Americans for Tax Reform president Grover Norquist. “Even the White House can’t make up its mind. The real tragedy here is that 13 percent of Americans believe the “stimulus” is even capable of creating jobs. The entire idea rests on the flawed premise that government exists in a vacuum. The President and his Merry Band of Economic Advisors fail to acknowledge that every dollar they spend is first taken from hardworking taxpayers – it is impossible for government to create growth.”

 

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