Guess How Many 'Stimulus' Predictions Flopped?

Report blasts White House for selling $787 billion 'failed experiment'

The Republican National Committee has released a massive, 200-point "I told you so" on President Obama's 2009 American Recovery and Reinvestment Act, otherwise known as the "stimulus package."

The RNC calls the report "200 Days, 200 Claims," and moves point-by-point through Democrats' pledges and promises in promoting the stimulus package. Quoting Obama, Vice President Biden and Democrats from each region of the country separately, the report cites what advocates of the stimulus package said would happen upon its passage, then lists stats and quotes the GOP claims present the "reality" of what actually happened.

"It is appropriate on the 200th day of the stimulus to look back at exactly what the stimulus has accomplished," writes RNC Chairman Michael Steele in a letter introducing the report. "The answer is very little. What it has done, however, is give the American people a $787 billion bill."
Steele continues, "In the end, the stimulus is another failed experiment by the president that Americans cannot afford. Instead of creating jobs, millions are unemployed and billions have been added to our deficit. 200 days of this stimulus are 200 days too long."

According to the report itself, "The RNC's research focuses on promises made to the American people on job creation, waste, prevention, targeted spending, transparency and how the stimulus would bring about an economic recovery. The resulting report, – '200 Days, 200 Claims' – holds Democrats accountable for their claims that the stimulus was an absolute necessity to jolt the economy.

"[Democrats] used this and other claims to quickly force through one of the largest spending bills in American history," the report charges. "Now Americans will see how valid those claims are 200 days later."

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