Reid: Stimulus Saved Nearly 30,000 Jobs in Nevada, Cut Taxes, Prevented a Depression

Down in the polls and in the fight of his life, Democratic Senate Majority Leader Harry Reid is throwing a hail Mary: running on the economy, even though Nevada has one of the highest rates of unemployment in the country and the economy is in shambles.  According to Senator Reid's campaign site, not only did he help the Nevadan economy, but the Stimulus Bill, passed in 2009, tremendously helped the US economy and "countered the very worst of what was the largest economic crisis since the Great Depression and started us on the road to recovery."

In a section of the campaign site called "Setting the Record Straight," Reid defends the Stimulus Package, claiming that it was instrumental in saving the economy and creating jobs.  Reid states that by January of 2010, the Stimulus had created "roughly 20,000 jobs."  But he goes further:

The point that Reid is apparently trying to make is that the Stimulus not only saved millions of jobs countrywide, but saved billions of dollars.  In fact, according to Reid, the Stimulus brought "$282 billion in tax relief."  How the bill "saved" billions when it actually spent nearly a trillion dollars is not explained.

But the "benefits" of the Stimulus does not end at its supposed tax cuts and the billions it somehow saved.  Reid states that the Stimulus Bill "countered the very worst of what was the largest economic crisis since the Great Depression and started us on the road to recovery."  There are two major problems with this statement.

The first is that there is absolutely no consensus that the Stimulus helped the US economy.  In fact, many people believe that the Bill actually hurt the United States because of its massive spending and the bureaucratic quagmire that it caused.

The second problem is that Reid refers to the Great Depression with the implicit intention to make people believe that without the Stimulus, the United States would fall into another depression.  I will not even deal with something so ludicrous.  Spending trillions of dollars blindly does not help the United States economy.

I suppose that Senator Reid feels that it is all right to lie to the American people and his constituents.  I say he is wrong.  If you agree with Reid, feel free to vote for him.  I you agree with me, that the American people need honest people in charge, then vote for Sharron Angle.  It's up to you.

Remember to subscribe and comment!

http://punditpress.blogspot.com/2010/10/reid-stimulus-saved-nearly-30000-jobs.html

Sent with MobileRSS for iPhone

Sent from my iPhone