Instead of Energy and Jobs, Dems’ Failed Stimulus Gave Us Record Gas Prices and More Debt

April 13, 2012

FYI, a similar version of this release below went out to the following districts: Shelley Adler (NJ-03), Pete Aguilar (CA-31), Jason Altmire (PA-12), Jeff Anderson (MN-08), George Badey (PA-07), Ron Barber (AZ-08), John Barrow (GA-12), Ami Bera (CA-07), Tim Bishop (NY-01), Kathy Boockvar (PA-08), Leonard Boswell (IA-03), Bruce Braley (IA-01), Cheri Bustos (IL-17), Lois Capps (CA-24), Ben Chandler (KY-06), Andrei Cherny (AZ-09), David Cicilline (RI-01), Tarryl Clark (MN-08), Gerry Connolly (VA-11), Jim Costa (CA-16), David Crooks (IN-08), John Delaney (MD-06), Val Demings (FL-10), Joanne Dowdell (NH-01), Tammy Duckworth (IL-08), Bill Foster (IL-11), Lois Frankel (FL-22), Pete Gallego (TX-23), John Garamendi (CA-03), Alan Grayson (FL-09), Raul Grijalva (AZ-07), Pam Gulleson (ND-AL), Clark Hall (AR-01), Brad Harriman (IL-12), Jose Hernandez (CA-10), Brian Higgins (NY-26), Jim Himes (CT-04), Ruben Hinojosa (TX-15), Paul Hirschbiel (VA-02), Rush Holt (NJ-12), Steven Horsford (NV-04), Q. Byrum Hurst (AR-04), Steve Israel (NY-03), Bill Keating (MA-09), Ann Kirkpatrick (AZ-01), Larry Kissell (NC-08), Pat Kreitlow (WI-07), Ann McLane Kuster (NH-02), Rick Larsen (WA-02), David Loebsack (IA-02), Alan Lowenthal (CA-47), Nita Lowey (NY-17), Dan Maffei (NY-24), Larry Maggi (PA-18), Jim Matheson (UT-04), Carolyn McCarthy (NY-04), Gary McDowell (MI-01), Mike McIntyre (NC-07), Jerry McNerney (CA-09), Michael Michaud (ME-02), Joe Miklosi (CO-06), Brendan Mullen (IN-02), Patrick Murphy (FL-18), Mark Murphy (NY-11), Rick Nolan (MN-08), John Oceguera (NV-03), Bill Owens (NY-21), Sal Pace (CO-03), Frank Pallone (NJ-06), Ed Perlmutter (CO-07), Scott Peters (CA-52), Chellie Pingree (ME-01), Nick Rahall (WV-03), Ciro Rodriguez (TX-23), Raul Ruiz (CA-36), Lori Saldaña (CA-52), Brad Schneider (IL-10), Brandon Shaffer (CO-04), Carol Shea-Porter (NH-01), Kyrsten Sinema (AZ-09), Louise Slaughter (NY-25), Betty Sutton (OH-16), Mark Takano (CA-41), John Tierney (MA-06), Paul Tonko (NY-20), Manan Trivedi (PA-06), Niki Tsongas (MA-03), Christie Vilsack (IA-04), Bill Vinsko (PA-11), Jamie Wall (WI-08), Tim Walz (MN-01), Charlie Wilson (OH-06), John Yarmuth (KY-03)

Instead of Energy and Jobs, McNerney’s Failed Stimulus Gave Us Record Gas Prices and More Debt
California Democrat’s Stimulus Spending Spree Continues to Cost More While Gas Prices Soar and Job Creation Languishes

WASHINGTON — Jerry McNerney and his fellow Democrats promised that spending over $800 billion on their stimulus spending spree (Roll Call #70, 2/13/09) would be a cure-all by creating jobs and energy independence in exchange for its record-shattering price tag for taxpayers. Three years and nearly a trillion dollars later, American families and small businesses are facing energy prices that are twice as high and a continuing stagnant economy. And McNerney’s spending spree still isn’t over according to new Treasury reports, which calculated that the failed stimulus would cost another $20 billion than previously thought.

“It’s clear three years later that Jerry McNerney’s stimulus has failed to create the jobs and energy independence that were promised in exchange for the enormous bill to taxpayers and future generations,” said NRCC Communications Director Paul Lindsay. “Amazingly, McNerney’s spending spree is still growing, costing taxpayers yet another $20 billion in March, long after the Democrats’ promises of unemployment below eight percent and the Solyndra bankruptcy.”

The record-breaking stimulus spending spree was supposed to create jobs and energy independence, but its big-government approach was flawed from the start:

“Meant to create jobs and cut reliance on foreign oil, Obama’s green-technology program was infused with politics at every level, The Washington Post found in an analysis of thousands of memos, company records and internal e-mails. Political considerations were raised repeatedly by company investors, Energy Department bureaucrats and White House officials…” (Joe Stephens and Carol D. Leonnig, “Solyndra: Politics Infused Obama Energy Programs,” The Washington Post, 12/25/11)

Long after well documented failures like the Solyndra bankruptcy and the broken promise of sub-eight percent unemployment, the stimulus’ price tag is still growing:

“The U.S. government spent more in March than it had in any prior month on record. … Outlays also increased by about $20 billion, compared to March 2011, due to a non-cash accounting re-estimate for the cost of economic stimulus programs, the official said.” (Eric Morath, “March 2012 Outlays Highest Monthly Spending Ever – US Treasury,” Dow Jones Newswires, 4/11/12)

Instead of Energy and Jobs, Dems’ Failed Stimulus Gave Us Record Gas Prices and More Debt #powerfailure