Statement On One-Year Anniversary of the Stimulus

Today, I issued the following statement marking the one-year anniversary of the President’s stimulus package:

The Obama Administration promised the American people that their $1.1 trillion stimulus bill would keep unemployment below 8%, create millions of jobs and jump start the economy. One year and hundreds of billions of dollars later unemployment is near double digits, nearly four million Americans have lost their jobs, and just 6% of Americans believe that the stimulus has actually created jobs. Regardless of these facts the Administration still claims that the program has been a success and the American people just don’t "realize it." This disconnect – along with policies that spend too much, tax too much and borrow too much – explains the credibility problem the Obama Administration has with the American people.