Statement by Rep. Rob Bishop on Third Anniversary of Stimulus Bill

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February 17 marks three years since President Obama signed the unpopular trillion-dollar economic “stimulus” bill into law.  Congressman Rob Bishop (Ut-01), who vehemently opposed the measure, issued the following statement in advance of the 3rd anniversary of its signing:

“The last three years have shown the President’s stimulus package to be a colossal failure that gambled away a trillion dollars of taxpayer money.  It is totally unacceptable that future generations will be stuck paying for the President’s gross misjudgment.

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“History tells us that taxing, borrowing and spending more doesn’t lead to economic prosperity.  In fact, as today’s economy indicates, it does the exact opposite.  It seemed at the time, and even more so today, that the President was so blinded by his own agenda he did not foresee the collateral damage that could come from such a serious gamble.  It’s just too bad that he wasn’t gambling with his own money versus the future of this country.

“This week the President introduced a budget proposal that is full of new taxes, increased spending for redundant and unnecessary programs, and a host of regulations and mandates that hinder job creation and energy development.  This is the exact opposite of the direction we should be taking this country.  Incentivizing small businesses and easing the regulatory burdens that hinder economic growth are where our policies should be focused, but instead we’ve got a budget proposal that does the exact opposite.

“February 17th will serve as a reminder of where we have been the last three years, where we need to go in the future, and how we get there as a country.  I look forward to being part of that which leads this country in a new and different direction than the one taken by President Obama.”

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