anonymous
2012-03-14 08:03:12 UTC
Second, Obama promised the stimulus would not only have a large impact but also an immediate impact. Said the president-elect, "I'm confident ... our 21st century investments will create jobs immediately," adding, "We've got shovel-ready projects all across the country."
Those jobs never materialized, and it was not for lack of workers--or shovels. As President Obama remarked in June 2011, "Shovel-ready was not as shovel-ready as we expected." He chuckled through the mea culpa, but it's no laughing matter. Obama failed to deliver--and at great cost to taxpayers
Third, President Obama said in February 2009 that the stimulus would lift "2 million Americans from poverty." But since Obama took office, 6.3 million Americans have fallen into poverty.
Fourth, the "green economy," Obama vowed, would create millions of jobs. The Energy Department has handed out $35.2 billion in stimulus money to jumpstart the clean energy industry, but it's created more red ink than green jobs
Finally, the fifth promise: one million electric cars.
http://news.yahoo.com/five-biggest-failures-president-obamas-stimulus-law-145224542.html