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Originally Posted by 202_Cyclist
Exactly right-- approximately $200B - $300B of the stimulus was for tax cuts and another $200B - $300B was for aid to state/local govts so they wouldn't have to layoff as many teachers, police, firefighters, etc... The Republicans are so shameless and blatantly hypocritical on this. It is absolutely disgusting. I suppose because this Recovery Act was proposed by and signed into law by Obama, tax cuts are considered socialism now. Equally hypocritical are the GOP members of Congress who bash the stimulus every chance they get and in the very next breath complain that the money isn't being spent fast enough or their district/state isn't getting enough funding. The GO(B)P is rotten to the core.
Here's a chart showing spending from the Recovery Act:
http://projects.nytimes.com/44th_president/stimulus |
We don't even need to debate whether the stimulus did it's job and was worth the $787 Billion it cost. The fact that monthly job losses have cratered since it was passed is proof that it was a big help, regardless if the jobs it created were temporary. I've completely had it with Republicans. They do not see the difference between investing in the future and investing in a war. Their party might just be the one that permanantly ends America's leading role in the world.