In advance of President Obama’s speech on job creation, right-wing media have falsely claimed that the stimulus failed. In fact, independent economists agree that the stimulus significantly raised employment and increased GDP, and experts say it is the winding down of stimulus spending that is causing a “fiscal drag” on the economy.Right-Wing Media Falsely Claim Stimulus “Failed” Wash. Times Suggests Stimulus Measures “Didn’t Work In 2009.” From a September 7 Washington Times editorial titled, “Stimulus Jr.”: As with Mr. Obama’s $825 billion spending spree in 2009, the ostensible goal of the latest giveaway is to jump-start job creation. At least he has the priority straight. The economy failed to create any jobs at all last month, the unemployment rate has been stuck above 9 percent for most of this year, and the rate of long-term joblessness has been growing steadily while labor-force participation has declined. It’s his “solution” that will make the situation worse. Temporary tax cuts and permanent spe…
Full article: Right-Wing Media Preview Obama’s Jobs Speech By Pushing Myth That Stimulus Failed