'Stimulus Hasn't Left a Trace in the Sand': Krauthammer Blasts Jobless Recovery
Today marks the five-year anniversary of President Obama signing the stimulus bill into law. Tonight on Special Report, Charles Krauthammer slammed the White House’s positive ‘spin’ on the recovery.
White House staffer Dan Pfeiffer tweeted:
GOP attacks on the Recovery Act are a perfect example of the delusional messaging that makes them appear out of touch to so many Americans
— Dan Pfeiffer (@pfeiffer44) February 17, 2014
Krauthammer called Pfeiffer’s tweet out of touch given that the “overwhelming” sentiment in the country is that this is the weakest recovery since World War II.
“It’s basically a jobless recovery with millions of Americans leaving, aren’t even looking to get a job because they are so discouraged,” he said.
Instead of a stimulus package, Krauthammer said tax cuts and deregulation could have been more effective. “All this money is spent. FDR at least left behind the Hoover Dam. Ike left behind the Interstate Highway System. This thing, as predicted, has not left a trace in the sand.”