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Selling The Failed Stimulus Plan

Floor Speech

Date: July 16, 2009
Location: Washington, DC
Issues: Unemployed and Low-Income Business and Consumers Budget, Spending and Taxes Government Budget and Spending

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Ms. FOXX. Five months ago, President Obama warned that if Congress failed to pass the stimulus plan, unemployment could reach 9 percent. But the President promised if we took action and accepted his stimulus plan, unemployment would halt around 8 percent.

Despite borrowing $787 billion for wasteful government spending under the guise of stimulus, the national unemployment rate now stands at 9.5 percent--a rate not seen in 26 years.

Even though unemployment is rising at an alarming rate, the President continues to sell the American people on his failed stimulus plan. Just recently, the President said the stimulus plan had ``done its job.'' The American people know better. The American people know you can't spend and borrow your way back to a growing economy.

It's time for a real economic recovery plan, one that puts money back in the hands of families and small businesses. It's time for Congress to pass the House Republican's economic recovery plan--a plan for fiscal discipline and tax relief.

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