For Immediate Release February 16, 2012 Contact: Press Office (202) 479-7070
On the Third Birthday of Barrow's Failed Stimulus, Democrats Push for Even More Wasteful Washington Spending
Tomorrow Marks Three Years Since the Georgia Democrat’s Signature Economic Policy Became Law and Subsequently Squandered Billions
Washington --- The legacy of John Barrow's stimulus three years after it passed has been fraught with skyrocketing debt and endless examples of squandered taxpayer money like with the $535 million Solyndra bankruptcy. But three years seems to be just the beginning for Barrow's Democrat leaders, who are doubling down on job-killing taxes to pay for more of the same failed stimulus spending which gave voters the bill for Solyndra.
“John Barrow and his fellow Democrats are making it clear that they still aren’t willing to abandon their disastrous policies of taxing, spending and borrowing after three long years,” said NRCC Communications Director Paul Lindsay. “But the skyrocketing debt and persistently high unemployment are taking their toll on weary taxpayers in Georgia, especially as Barrow continues to embrace the Democrats’ failed $800 billion stimulus experiment that will surely result in even more Solyndras.”
The stimulus experiment has failed, but the $800 billion price tag for taxpayers remains:
“CBO's high estimate is still short of the 3.5 million jobs that Obama had said would be created by the end of 2010, so it's accurate to say the stimulus has failed to live up to initial expectations. White House advisers wrongly estimated that the stimulus would bring the unemployment rate down to 7 percent.” (Lori Robertson, “Dueling Economic Ads,” FactCheck.org, 6/30/11).
