A year after Democrats’ $2 trillion, so-called COVID stimulus, Americans are far worse off. In an op-ed for the Washington Examiner, Ways and Means Republican Member and House Budget Committee Republican Leader Rep. Jason Smith (R-MO) outlines how Americans are facing a lagging economy, 40-year high inflation, a worker shortage, and a sabotaged recovery.
In the past year, American workers and small businesses were failed by the $2 trillion so-called “Rescue” bill and instead handed…
…A SABOTAGED RECOVERY.
- “According to recent polling, only 21 percent of voters believe the law has helped them, whereas 29 percent say it has left them worse off. Overall, less than 40 percent now support Biden’s handling of the pandemic.”
…UNFILLED PROMISES ON COVID SPENDING.
- “It is not hard to see why — only 9 percent of the so-called Rescue Plan’s spending went to combating the virus in the first place, even though it was Biden’s signature attempt to fulfill a campaign promise to ‘shut down the virus.’”
…A MASSIVE WORKER SHORTAGE.
- “Over 20 percent of the bill’s spending went to policies that destroy jobs, encouraging people to depend on government checks instead of getting back into the workforce. A study from the American Enterprise Institute found that the American Rescue Plan failed to create any of the 4 million new jobs Democrats promised.”
- “Even before the American Rescue Plan was passed, Democrats such as former Obama economic adviser Larry Summers warned that it would cause ‘inflationary pressures of a kind we have not seen in a generation.’”
…AND A LAGGING ECONOMY.
- “More recently, Biden requested another $15 billion for COVID-19, even though $326 billion remains unobligated from the original American Rescue Plan. Instead of asking taxpayers for another loan, perhaps he could divert some of the money from his spending bill, as he has done in the past.”
Click here to read the full op-ed.