The McNerney/Pelosi $983 Billion Stimulus Bill a Failure as New Labor Statistics Reveal California Unemployment Numbers Remain Among Nationís Highest
Original post made by Kelly, Canyon Meadows, on Aug 31, 2010
The McNerney/Pelosi $983 Billion Stimulus Bill a Failure as New Labor Statistics Reveal California Unemployment Numbers Remain Among Nation's Highest
Late last week, the Bureau of Labor Statistics released individual state unemployment numbers for July, confirming that California's unemployment rate remains among the highest in the nation at 12.3%. The numbers are startlingly different than the promises made by Jerry McNerney when he voted to add a trillion dollars of new debt spending to taxpayers, all in the name of creating jobs.
"The fact is, Jerry McNerney has saddled taxpayers with trillions of dollars in new debt, but has little to show for it," said GOP Congressional Nominee David Harmer. "When McNerney voted for the unprecedented stimulus debt spending bill, California's unemployment rate was at 7.2%. Today it's at 12.3% and an additional 376,000 jobs have been lost. The stimulus is a huge failure, and all taxpayers are left with is an unpayable debt."
"Congress must immediately rein in the runaway spending, repeal the onerous regulations and taxation they've placed on small businesses, and provide incentives for small business growth," continued Harmer. "That's how you grow the economy, and that's why I'm running for Congress."
David Harmer is a lifelong Reagan Republican, and his father, John Harmer, served as California's Lieutenant Governor under Ronald Reagan. Early in his career, David took his expertise in constitutional law to Pacific Legal Foundation, where he defended property rights and other freedoms in state and federal courts. David was also a Resident Fellow at the Heritage Foundation, and his book on education reform was published by the Cato Institute, America's foremost market-oriented public policy organization.
More Banks, More Billions, but Bupkes in the Brig. Rinse, repeat. (Part One)
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