Tags: Barack Obama | Economic- Crisis | stimulus | obama | rush

Rush Calls Stimulus on 3-Year Anniversary 'an Abject Failure'

By Amy Woods   |  

Rush Limbaugh celebrated the three-year anniversary of the passage of the stimulus bill by describing it as “an abject failure” that has spiked the deficit and resulted in higher unemployment.

Friday marked three years since President Barack Obama signed into law the package known as the American Recovery and Reinvestment Act of 2009.

“That stimulus bill was portrayed as the single, greatest piece of legislation to come down the pike since the New Deal,” Limbaugh said Friday on his radio show. “Well, it’s three years into it, and we know it was an abject failure, from our standpoint — from his, it was a total success.”

Limbaugh then questioned remarks made Thursday by Treasury Secretary Timothy Geithner to Congress defending the president’s $3.8 trillion budget.

“After three years, the regime tells us they have no solution to the deficit,” Limbaugh said. “Not only, folks, do they have no solution, they have no intention, no desire.

“They’re going to spend, and spend, and spend — and if he’s re-elected, he’s going to spend, and spend, and spend,” he said of President Barack Obama. “He wants to go down in the history books as the guy who finally cut the United States down to size.”

Limbaugh also said if the same number of jobs were available today as there were when Obama took office, the unemployment rate “would be close to 9 ½ percent.”

“I don’t know how anybody can look back over theses past three years . . . is Obama ever going to get blamed for anything? As far as he’s concerned, and the media’s concerned, no.” he said. “This is all the result of Bush.”

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