Stimulus has become a dirty word in America but I can't for the life of me figure out why. The CBO has reported the Stimulus to have worked to the tune 3 million jobs saved or created. It seems like this has more to do with Republican spin and high unemployment than any actual facts.
What I really don't get is how Republicans can back the free market and then completely ignore how big business got themselves back to profitability. Right now the only measures Republicans are willing to consider are cuts in spending. Well, big business did cut spending and get leaner but the also spend a significant amount of money planning for the future. This spending may be detrimental to their current bottom line but they know it will pay dividends in the long run with higher profitability and more jobs. This is the way of the free market. Below are a few examples.
Ford invested $450 million in electric vehicles in January
Ford invested $155 million in more fuel efficient engines in February
Chrysler invested $600 million in a new plant in IL in October
GM invested $100 million in a new battery facility in September
GM invested $190 million in a new MI facility in October
Boeing invested $7.5 million in a new research center in October
Exxon invested $600 million in bio fuels in July of 2009
This is a giant example of Repubocrisy. This type of contradiction of ideology and refusal to except the reality of our economic situation suggests Republicans just plan on kicking the can on down the road over the next two years.
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