Willy hears in the news that President Barack Hussein Obama said Wednesday the $787 billion economic-stimulus program helped the U.S. avoid a rerun of the Great Depression.
Willy says that it did not stop his depression. Willy has been depressed ever since he found out that the country was giving away all of that money and that it was not going to help a thing. Willy is much like thee Republicans who are saying on the Recovery Act's one-year anniversary that the administration's economic policies have stimulated nothing.
Jobs created -- Yes - heard about one thing that made 200 jobs in the US and 2000 overseas. Something is wrong with this picture. Willy agrees with the Republicans who said and Willy quotes directly...
"In the first year of the trillion-dollar stimulus, Americans have lost millions of jobs, the unemployment rate continues to hover near 10%, the deficit continues to soar and we're inundated with stories of waste, fraud and abuse," Senate Republican Leader Mitch McConnell said. "This was not the plan Americans asked for or the results they were promised."
Willy is not stimulated - Willy is depressed -
10-4 Willy
It's not over yet Willy. Commercial properties are now going bankrupt. That's the next wave of foreclosures. This will be even bigger than the housing collapse.
ReplyDeleteHave a terrific day Willy. :)