Republican National Committee Chairman Michael Steele released a statement moments after President Obama’s economic speech in New York today, and called the President’s economic policies “a failure” for the “more than 3 million Americans who have lost their jobs this year.”
The $787 billion stimulus bill “led to wasteful spending” without creating the jobs it promised, Steele said.
The government’s rescue of the auto and financial industries — which Steele characterized as “the President’s experiments on our economy” — has dug the country deeper into debt, Steele said, “and no amount of speeches will convince the American people otherwise.”
Here’s the full statement:
For the average American, the best measure of the economy is whether or not they have a job so they can pay the mortgage, make the car payment and put food on the table. For more than 3 million Americans who have lost their jobs this year, the president’s policies have been a failure. His $787 billion stimulus bill has led to wasteful spending but hasn’t created the jobs he promised. And every time he has wanted to expand the government’s influence over the economy and our daily lives, from his takeover of GM and banks to his proposed government-run takeover of our health care, it has meant spending more money we don’t have and digging America deeper into debt. Those are the real results of the president’s experiments on our economy, and no amount of speeches will convince the American people otherwise.
