"Like Putting Perfume on a Hog" New CF&P Video Shows Big Government Is Not Stimulus and Not a Jobs Bill
(Washington, D.C., Monday January 25, 2010) A new video released today by the Center for Freedom and Prosperity Foundation (CF&P) uses Labor Department data to demonstrate that the first stimulus bill did not create jobs and explains why politicians, in spite of the data, want to enact another so-called stimulus proposal.
Entitled, "Stimulus II: A Sequel America Can't Afford," the CF&P Foundation mini-documentary reviews unemployment rate data
as well as total employment data to debunk the notion that jobs can be created by diverting resources from the private sector to government.
"Notwithstanding the Administration's fuzzy math, America has lost more than three-million jobs as the burden of government spending has increased," said
CF&P Foundation President Andrew Quinlan, who also noted that "The video uses hard data to show last year's $787 spending bill was a flop."
"Doing another stimulus and calling it a 'jobs bill' is like putting perfume on a hog," said Dan Mitchell of the Cato Institute, who narrates the video.
"Rather than come up with cute names for wasteful spending, the best option is for politicians to get out of the way. The economy hopefully is already on the path to recovery, especially since the threat of
government-run healthcare and a cap-and-trade bill is diminishing. The White House probably wants another stimulus in hopes of taking credit for any future good news," he added.
Labor Department numbers show that the Obama Administration's $787 billion "stimulus" was a flop. Instead of holding the unemployment rate at 8 percent or below, the jobless rate soared to 10 percent.
Now there is discussion of second so-called stimulus, which politicians are calling a "jobs bill." But making government bigger, the video explains, is a recipe for long-run stagnation and lower living
standards, regardless of what the policy is named.
Below are the links to the three other CF&P Foundation videos mentioned in the video: