[Congressional Record (Bound Edition), Volume 155 (2009), Part 13]
[House]
[Page 17664]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    THE EFFECTS OF THE STIMULUS BILL

  (Mr. GARRETT of New Jersey asked and was given permission to address 
the House for 1 minute.)
  Mr. GARRETT of New Jersey. Mr. Speaker, back in January of this year, 
this administration issued a report called, ``The Job Impact of the 
American Recovery and Reinvestment Act,'' the stimulus. This study said 
that ``a key goal of the administration is that it should save or 
create 3 million jobs by the end of 2010.''
  When this Congress passed the stimulus and spent $800 billion, they 
said, We will start adding jobs rather than losing them. As a matter of 
fact, Majority Leader Hoyer said, There will be an immediate jolt in 
jobs. This will be creating jobs immediately.
  Let's see, it has been 5 months since the bill passed. Here is a 
chart. The blue line shows what they predicted. The red line shows the 
loss of jobs that actually occurred. Millions of jobs have been lost 
despite their spending $800 billion of the taxpayers' money. And now 
Vice President Biden has the temerity to say, Well, we misread the 
economy.
  Well, do you know what, Mr. Speaker? Every single Republican did not 
misread the economy. That is why every single Republican voted against 
that $800 billion stimulus, because we knew that it would spend too 
much, that it would borrow too much, and that it would eventually tax 
too much of the American taxpayer.

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