Monday, July 13, 2009

Schumer: Stimulus package prevented depression

Typical liberal argument, state something that's completely unprovable to prove your misguided assertions.

Schumer: Stimulus package prevented depression By Bob Cusack Posted: 07/13/09 08:45 AM [ET] Sen. Charles Schumer (D-N.Y.) said on Monday that the economic stimulus accomplished its first goal of preventing a great depression and cautioned against rush judgments about whether the $787-billion package is a significant job-creator.

During an appearance on MNBC's "Morning Joe" program, Schumer said, "It's done job 1: prevent a depression. Now let's see if it does enough of job 2: create jobs."

Schumer's comments come as Republicans are seizing on rising unemployment numbers as proof that the stimulus is a failure. House Minority Whip Eric Cantor (R-Va.) labeled the stimulus "a flop" during an appearance on "Fox News Sunday."

Democrats have been on the defensive in recent weeks on the stimulus and their argument in defending the law has shifted over the last couple of months. Vice President Biden earlier this month indicated his administration "misread the economy" while also noting that many outside economists have been surprised by recent unemployment figures.

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