I’m not sure who has been hanging on to the video of George LeMieux discussing President Obama’s stimulus (has anyone checked with Adam Hasner’s camp?), but it sets up a question-and-answer which may doom George LeMieux’s campaign.
In the video, LeMieux asks: “Was the stimulus package good policy? The proof will be in the pudding. If, in the next 18-24 months, the American economy is recovering due to job creation, it will be hard to say it was not.”
Alright, George, the American economy is recovering. And the unemployment numbers are dropping.
In fact, Obama’s boast that the stimulus kept the economy from going off the cliff is not meaningless. The steps the administration and the Federal Reserve undertook in face of the recession — quantitative easing, some degree of fiscal stimulus, banking bailouts, reorganizing the auto industry rather than letting it collapse in the face of frozen credit markets — prevented the kinds of total disaster that are the norm in the face of this kind of crisis.
So here we are now, 18 to 24 months later and the economy is recovering. Considering what you said in that video, George, how can you not consider the stimulus package “good policy”?