President Obama’s $787 billion Stimulus left America sputtering, like a Chevy Volt without its extension cord. Having learned nothing from this failure, Obama recently unveiled Stimulus Jr. — the American Jobs Act. Costing $447 billion, Stimulus Jr. boasts roughly half of its predecessor’s audacity.
Speaking Thursday night at a Democratic National Committee event at a private residence in Washington, D.C., Obama told supporters that Stimulus Jr. would “add as many as 1.9 million jobs.” That equals at least $235,263 each — quadruple the $57,491 cost of an average private-sector position. Even worse, major tax hikes fuel Stimulus Jr. Too bad Obama ignores House Budget Committee chairman Paul Ryan’s loophole-closing, tax-rate-slashing vision.
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