Obama Has Hurt Economic Growth

Less than a third or 29%, believe the 2009 American Recovery and Reinvestment Act, better known as the stimulus package, improved the economy. Meanwhile, 43% believe it hurt the economy.  Americans believe Barack Hussein Obama’s stimulus package has harmed economic growth, according to a Rasmussen Reports poll released Last Friday.

The survey was released the same day that the Labor Department released its monthly figures showing that while the number of job cuts were 125,000.  Obama signed the $787 billion stimulus package in February 2009, vowing the bill would save or create 3.5 million to 4 million jobs. 

In what Republican lawmakers would likely consider good news, 69 percent in the Rasmussen poll believe tax cuts are a better way to create jobs than more government spending.    But Republican or Democratic policies aside, most voters are looking to the private sector more than government to revive the economy.

“Ultimately, though, voters are looking to the private sector to create jobs,” the poll says.  “Sixty-five percent (65%) say that decisions made by business owners seeking to grow their business will do more to create jobs than decisions made by government officials.  Just 23% expect the government officials to have a bigger impact.”

But Rep. Tom Price (R-GA), chairman of the Republican Study Committee, believes the poor labor report is more evidence that the recovery act was an “empty marketing slogan.”

“Disappointed Americans are dropping out of the workforce in increasing numbers as people across the country continue to ask, ‘Where are the jobs?’” Price said in a statement. “Private sector growth is still not where it needs to be, and the demise of temporary Census jobs has predictably left hundreds of thousands of Americans without work once again.

“Entrepreneurs and small business owners will not grow their companies without a basic understanding of future costs,” Price added.

Obama’s stimulus package has hurt America not helped.  The people of America know this. 

Election 2010 will be important.

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