Washington, D.C. – House Republican Policy Committee Chairman Tom Price, M.D. (R-GA) issued the following statement on the third anniversary of President Obama signing the failed so-called “stimulus” bill into law.
“By his own measures and based on his own promises, President Obama’s ‘stimulus’ bill has failed the American people,” said Chairman Price. “The Obama Administration took a trillion dollars and told the country that Washington spending would keep unemployment below eight percent. Unemployment has not dropped below eight percent for nearly thirty-six consecutive months. The economy is stumbling along at an underwhelming level of growth. The only thing growing at a robust rate right now is the debt. This is what the Administration has to show for itself three years after a Democrat Congress wrote them a massive check. This is the result of the president’s political economy in which Washington picks the winners and the losers, and taxpayers foot the bill.
“The White House may have moved on to the campaign trail, but the American people are stuck with the president’s dismal economy. They need relief and confidence and not more of the same failed stimulus spending proposals which the Obama Administration likes to repackage every few months. House Republicans are providing a pathway out from under the failed economic policies of this administration through nearly thirty bipartisan proposals that have already passed the House of Representatives. I call on the president to implore action by the Senate Democrat leadership and demand that they not continue to sit on these bipartisan proposals and do nothing. The time for action and leadership is now.”