Washington (CNN) — Nearly three out of four Americans think that at least half of the money spent in the federal stimulus plan has been wasted, according to a new national poll.
Nice headline but it is just another fine example of the ‘librul’ MSM attacking a Democrat. The headline is ‘true’ but the detailed numbers tell a slightly different story.
Twenty-one percent of people questioned in the poll say nearly all the money in the stimulus has been wasted, with 24 percent feeling that most money has been wasted and an additional 29 percent saying that about half has been wasted. Twenty-one percent say only a little has been wasted and 4 percent think that no stimulus dollars have been wasted.
“One reason why the economic stimulus bill is no longer popular with the American public is the perception that a lot of the money has been wasted. Six in 10 believe that the projects in the stimulus bill were included for purely political reasons,” said CNN Polling Director Keating Holland.
Gee, I wonder where Americans could have ever gotten the idea that the money was wasted?
The American Recovery and Reinvestment Act of 2009 cost $787 billion but 40% of that cost comes from tax cuts. Tax cuts put into the bill in an attempt to assuage the Repubs – didn’t work, only three Republican Senators voted for the package, no Representatives voted for it. Many economists had said before the bill’s passage that the amount was insufficient and when the tax cuts were included, the stimulus aspect of the bill was about one third of what was thought necessary. That is, the stimulus should have been in the range of $1.2 – $1.3 trillion and not $450 billion.
Now the fact that they didn’t vote for the stimulus bill has not stopped Republican Congress critters from going home and bragging about how much money they got for their districts. Some like Gov Jindal of Louisiana made a big show out of dispersing the stimulus dollars by showing up in small towns with a giant cheque for photo-ops, never mentioning that the money came from the federal stimulus bill.
Is hypocrisy a job requirement for Republicans?